Denali Advisors LLC Lowers Position in Marvell Technology, Inc. $MRVL

Denali Advisors LLC lessened its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 2.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 8,540 shares of the semiconductor company’s stock after selling 173 shares during the quarter. Denali Advisors LLC’s holdings in Marvell Technology were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Nuveen LLC acquired a new stake in Marvell Technology in the 1st quarter valued at $399,587,000. Goldman Sachs Group Inc. grew its stake in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after acquiring an additional 5,050,159 shares during the period. Impax Asset Management Group plc grew its stake in Marvell Technology by 748.3% in the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock valued at $227,033,000 after acquiring an additional 3,264,557 shares during the period. AQR Capital Management LLC grew its stake in Marvell Technology by 662.9% in the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock valued at $187,566,000 after acquiring an additional 2,710,894 shares during the period. Finally, Nordea Investment Management AB grew its stake in Marvell Technology by 48.3% in the 2nd quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock valued at $555,650,000 after acquiring an additional 2,344,245 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MRVL shares. Deutsche Bank Aktiengesellschaft raised their price objective on Marvell Technology from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, September 25th. TD Cowen restated a “hold” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Cowen lowered Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Jefferies Financial Group decreased their price objective on Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $75.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $93.06.

Marvell Technology Stock Down 3.8%

Shares of MRVL opened at $81.05 on Thursday. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The company has a market capitalization of $69.87 billion, a PE ratio of -623.46, a price-to-earnings-growth ratio of 1.03 and a beta of 1.94. The stock has a fifty day simple moving average of $76.90 and a two-hundred day simple moving average of $70.19. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company’s revenue for the quarter was up 57.6% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is presently -184.62%.

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

Insiders Place Their Bets

In other Marvell Technology news, COO Chris Koopmans acquired 6,800 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, with a total value of $530,604.00. Following the transaction, the chief operating officer owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sandeep Bharathi acquired 3,400 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the completion of the transaction, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 27,200 shares of company stock valued at $2,109,632 over the last 90 days. Company insiders own 0.19% of the company’s stock.

About Marvell Technology

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.