Huntington National Bank Lowers Stock Position in Marvell Technology, Inc. $MRVL

Huntington National Bank lessened its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 23.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,831 shares of the semiconductor company’s stock after selling 563 shares during the quarter. Huntington National Bank’s holdings in Marvell Technology were worth $142,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Game Plan Financial Advisors LLC bought a new stake in Marvell Technology during the second quarter worth about $27,000. Kiker Wealth Management LLC raised its holdings in shares of Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares in the last quarter. Hughes Financial Services LLC purchased a new position in shares of Marvell Technology during the 1st quarter valued at about $26,000. Westside Investment Management Inc. lifted its position in Marvell Technology by 62.5% in the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after buying an additional 160 shares during the last quarter. Finally, Financial Connections Group Inc. boosted its stake in Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after buying an additional 388 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

In other Marvell Technology news, CEO Matthew J. Murphy bought 13,600 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was acquired at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the transaction, the chief executive officer owned 268,637 shares in the company, valued at $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 27,200 shares of company stock valued at $2,109,632 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

Marvell Technology Stock Down 2.6%

NASDAQ MRVL opened at $90.92 on Friday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The stock has a market capitalization of $78.38 billion, a PE ratio of -699.38, a PEG ratio of 1.10 and a beta of 1.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The business’s 50-day moving average is $80.70 and its 200 day moving average is $73.33.

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

Marvell Technology announced that its board has initiated a share buyback plan on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Marvell Technology Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on MRVL. Rosenblatt Securities decreased their price target on shares of Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. BNP Paribas raised shares of Marvell Technology to a “strong-buy” rating in a report on Friday, August 29th. UBS Group lifted their target price on shares of Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Roth Capital reissued a “buy” rating on shares of Marvell Technology in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. cut their price target on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $93.06.

Marvell Technology 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.