Penserra Capital Management LLC Raises Position in Marvell Technology, Inc. $MRVL

Penserra Capital Management LLC boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 147.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 524,370 shares of the semiconductor company’s stock after purchasing an additional 312,566 shares during the period. Penserra Capital Management LLC’s holdings in Marvell Technology were worth $40,583,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC lifted its position in Marvell Technology by 16.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after purchasing an additional 4,748 shares during the last quarter. Waterfront Wealth Inc. grew its holdings in shares of Marvell Technology by 21.5% in the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after purchasing an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd purchased a new position in shares of Marvell Technology in the second quarter worth $1,486,000. Westbourne Investments Inc. raised its holdings in Marvell Technology by 442.4% during the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after buying an additional 17,695 shares during the last quarter. Finally, Triton Financial Group Inc purchased a new stake in Marvell Technology during the 2nd quarter valued at $1,543,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Price Performance

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

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

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 paid 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 yield of 0.3%. Marvell Technology’s payout ratio is presently -184.62%.

Marvell Technology declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

MRVL has been the topic of a number of analyst reports. Summit Redstone set a $105.00 price objective on shares of Marvell Technology in a research report on Wednesday, October 15th. Cowen cut Marvell Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, September 30th. UBS Group upped their price target on Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Finally, Oppenheimer boosted their target price on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average price target of $93.06.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans acquired 6,800 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the acquisition, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Willem A. Meintjes bought 3,400 shares of the stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 27,200 shares of company stock worth $2,109,632 in the last ninety days. 0.19% of the stock is owned by company insiders.

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.