Vega Investment Solutions Acquires 19,650 Shares of Marvell Technology, Inc. $MRVL

Vega Investment Solutions grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 102.8% during the second quarter, Holdings Channel.com reports. The firm owned 38,758 shares of the semiconductor company’s stock after acquiring an additional 19,650 shares during the period. Marvell Technology accounts for about 0.7% of Vega Investment Solutions’ portfolio, making the stock its 22nd largest position. Vega Investment Solutions’ holdings in Marvell Technology were worth $3,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in Marvell Technology by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,596,687 shares of the semiconductor company’s stock worth $221,448,000 after acquiring an additional 168,942 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Marvell Technology by 10.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 783,803 shares of the semiconductor company’s stock worth $48,259,000 after purchasing an additional 73,805 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of Marvell Technology by 100.8% during the first quarter. Townsquare Capital LLC now owns 25,559 shares of the semiconductor company’s stock valued at $1,574,000 after purchasing an additional 12,828 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Marvell Technology in the first quarter valued at approximately $1,489,000. Finally, Aigen Investment Management LP raised its position in Marvell Technology by 180.0% in the 1st quarter. Aigen Investment Management LP now owns 46,809 shares of the semiconductor company’s stock worth $2,882,000 after purchasing an additional 30,090 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Chris Koopmans acquired 6,800 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the transaction, the chief operating officer directly owned 104,825 shares in the company, valued at approximately $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Matthew J. Murphy acquired 13,600 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 27,200 shares of company stock worth $2,109,632 over the last three months. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MRVL shares. BNP Paribas upgraded Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Barclays upped their price target on Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday. Piper Sandler set a $110.00 price objective on Marvell Technology in a research report on Wednesday. Bank of America restated a “neutral” rating and set a $78.00 target price (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Zacks Research raised shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.56.

Marvell Technology Trading Up 0.7%

NASDAQ MRVL opened at $98.91 on Monday. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The stock has a 50-day simple moving average of $87.75 and a 200 day simple moving average of $77.40. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $83.89 billion, a PE ratio of 34.71, a P/E/G ratio of 0.96 and a beta of 1.93.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology announced that its Board of Directors has initiated a stock repurchase program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s dividend payout ratio is presently 8.42%.

Marvell Technology Company Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.