Metis Global Partners LLC Grows Stake in Marvell Technology, Inc. $MRVL

Metis Global Partners LLC increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 180.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,785 shares of the semiconductor company's stock after purchasing an additional 65,532 shares during the quarter. Metis Global Partners LLC's holdings in Marvell Technology were worth $7,878,000 at the end of the most recent quarter.

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Several other hedge funds also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC lifted its position in shares of Marvell Technology by 147.6% during the 2nd quarter. Penserra Capital Management LLC now owns 524,370 shares of the semiconductor company's stock worth $40,583,000 after buying an additional 312,566 shares during the last quarter. Wedbush Securities Inc. increased its stake in Marvell Technology by 13.2% in the second quarter. Wedbush Securities Inc. now owns 15,533 shares of the semiconductor company's stock valued at $1,202,000 after purchasing an additional 1,810 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Marvell Technology by 14.4% in the second quarter. Sterling Capital Management LLC now owns 363,140 shares of the semiconductor company's stock valued at $28,107,000 after buying an additional 45,645 shares during the last quarter. Princeton Capital Management LLC boosted its stake in shares of Marvell Technology by 1.6% during the second quarter. Princeton Capital Management LLC now owns 27,328 shares of the semiconductor company's stock worth $2,115,000 after buying an additional 434 shares during the period. Finally, Savant Capital LLC boosted its stake in shares of Marvell Technology by 21.6% during the second quarter. Savant Capital LLC now owns 52,902 shares of the semiconductor company's stock worth $4,095,000 after buying an additional 9,388 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Trading Down 2.6%

Shares of Marvell Technology stock opened at $90.92 on Friday. The company has a 50-day moving average of $80.70 and a two-hundred day moving average of $73.33. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a market cap of $78.38 billion, a PE ratio of -699.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95.

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Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations 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 was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology declared that its board has authorized a share buyback program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Marvell Technology Announces Dividend

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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 $0.06 dividend. The ex-dividend date was Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology's payout ratio is currently -184.62%.

Insider Buying and Selling at Marvell Technology

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

Wall Street Analyst Weigh In

MRVL has been the topic of several recent research reports. Benchmark restated a "buy" rating and issued a $95.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft upped their price target on Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, September 25th. Barclays reiterated an "equal weight" rating and issued a $80.00 price objective on shares of Marvell Technology in a research report on Monday, October 20th. Cowen downgraded shares of Marvell Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Finally, Wells Fargo & Company lowered their target price on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.06.

Get Our Latest Stock Analysis on Marvell Technology

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.

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