Marvell Technology, Inc. $MRVL Shares Acquired by Rathbones Group PLC – MarketBeat

Rathbones Group PLC lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 3.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 839,834 shares of the semiconductor company’s stock after buying an additional 27,987 shares during the quarter. Rathbones Group PLC owned approximately 0.10% of Marvell Technology worth $65,003,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. grew its stake in shares of Marvell Technology by 14.0% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,732 shares of the semiconductor company’s stock worth $414,000 after purchasing an additional 829 shares during the period. Stratos Wealth Advisors LLC acquired a new position in shares of Marvell Technology in the 1st quarter valued at $255,000. Stratos Wealth Partners LTD. lifted its stake in shares of Marvell Technology by 21.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 20,392 shares of the semiconductor company’s stock valued at $1,256,000 after purchasing an additional 3,648 shares during the period. Greenleaf Trust boosted its holdings in Marvell Technology by 5.9% during the first quarter. Greenleaf Trust now owns 8,248 shares of the semiconductor company’s stock worth $508,000 after buying an additional 459 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Marvell Technology by 64.3% during the first quarter. Cerity Partners LLC now owns 98,751 shares of the semiconductor company’s stock valued at $6,080,000 after buying an additional 38,633 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on MRVL. Benchmark reissued a “buy” rating and set a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Evercore ISI lowered their price target on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a research report on Friday, August 29th. Roth Capital restated a “buy” rating on shares of Marvell Technology in a research report on Wednesday, October 15th. TD Cowen reaffirmed a “hold” rating and set a $85.00 target price (down from $90.00) on shares of Marvell Technology in a research note on Wednesday, October 1st. Finally, Oppenheimer increased their target price on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Two research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.06.
Check Out Our Latest Research Report on MRVL

Marvell Technology Stock Performance

NASDAQ MRVL opened at $90.92 on Friday. 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 stock’s 50 day simple moving average is $80.70 and its 200-day simple moving average is $73.49. The company 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. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48.
Marvell Technology (NASDAQ:MRVLGet Free Report) last posted 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 firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company earned $0.30 EPS. The firm’s revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is currently -184.62%.
Marvell Technology declared that its Board of Directors has approved a share buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy acquired 13,600 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Willem A. Meintjes acquired 3,400 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the chief financial officer owned 132,159 shares in the company, valued at $10,312,366.77. The trade was a 2.64% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 27,200 shares of company stock valued at $2,109,632. Insiders own 0.19% of the company’s stock.

Marvell Technology Profile

(Free Report)
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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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)
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