Universal Beteiligungs und Servicegesellschaft mbH Sells 67,275 Shares of Marvell Technology, Inc. $MRVL

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 986,788 shares of the semiconductor company’s stock after selling 67,275 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Marvell Technology were worth $82,959,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Marvell Technology by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock worth $4,987,906,000 after purchasing an additional 673,110 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Marvell Technology by 8.0% during the second quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock valued at $1,613,044,000 after buying an additional 1,539,809 shares during the last quarter. State Street Corp grew its holdings in Marvell Technology by 2.7% during the second quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock worth $1,592,370,000 after buying an additional 533,946 shares in the last quarter. Ameriprise Financial Inc. raised its position in Marvell Technology by 16.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock valued at $805,473,000 after buying an additional 1,464,571 shares during the last quarter. Finally, Norges Bank bought a new position in Marvell Technology during the 2nd quarter valued at $716,713,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Down 0.8%

Marvell Technology stock opened at $79.80 on Wednesday. The firm has a 50 day moving average price of $86.04 and a 200-day moving average price of $80.96. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a market capitalization of $67.68 billion, a P/E ratio of 28.00, a P/E/G ratio of 0.78 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company earned $0.43 earnings per share. Marvell Technology’s revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

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

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, January 9th. Marvell Technology’s payout ratio is currently 8.42%.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MRVL. Susquehanna set a $120.00 target price on shares of Marvell Technology and gave the stock a “positive” rating in a research note on Wednesday, December 3rd. HSBC assumed coverage on shares of Marvell Technology in a report on Monday, November 24th. They set a “hold” rating and a $85.00 price target on the stock. Cowen reiterated a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Marvell Technology from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, The Goldman Sachs Group upped their target price on Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.70.

Marvell Technology Company Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.