Citizens Business Bank Has $3.32 Million Stake in Marvell Technology, Inc. $MRVL

Citizens Business Bank decreased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,919 shares of the semiconductor company’s stock after selling 1,191 shares during the quarter. Citizens Business Bank’s holdings in Marvell Technology were worth $3,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Game Plan Financial Advisors LLC acquired a new stake in Marvell Technology in the 2nd quarter worth about $27,000. Kiker Wealth Management LLC raised its stake in Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in Marvell Technology in the 1st quarter worth about $26,000. Financial Connections Group Inc. raised its position in shares of Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 388 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its position in shares of Marvell Technology by 786.0% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 393 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Evercore ISI dropped their target price on shares of Marvell Technology from $133.00 to $122.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Rosenblatt Securities dropped their target price on shares of Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Marvell Technology in a research report on Wednesday, October 8th. Roth Capital restated a “buy” rating on shares of Marvell Technology in a research report on Wednesday. Finally, Morgan Stanley dropped their target price on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” 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-two have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Activity

In other news, insider Sandeep Bharathi acquired 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the purchase, the insider owned 73,392 shares in the company, valued at $5,726,777.76. This trade represents a 4.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Willem A. Meintjes acquired 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 27,200 shares of company stock valued at $2,109,632. Company insiders own 0.19% of the company’s stock.

Marvell Technology Trading Down 0.3%

MRVL opened at $87.95 on Friday. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. 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 firm has a market capitalization of $75.82 billion, a price-to-earnings ratio of -676.54, a PEG ratio of 1.08 and a beta of 1.94. The company’s 50 day moving average price is $76.56 and its two-hundred day moving average price is $69.62.

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

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid a $0.06 dividend. 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 is currently -184.62%.

Marvell Technology declared that its Board of Directors has initiated a stock 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 purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.