Mitsubishi UFJ Asset Management Co. Ltd. Has $72.05 Million Stock Position in Marvell Technology, Inc. $MRVL

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 856,970 shares of the semiconductor company’s stock after acquiring an additional 28,455 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.10% of Marvell Technology worth $72,045,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Citizens Business Bank raised its stake in Marvell Technology by 1.2% during the 3rd quarter. Citizens Business Bank now owns 43,441 shares of the semiconductor company’s stock valued at $3,652,000 after purchasing an additional 522 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Marvell Technology during the third quarter valued at $219,587,000. Intech Investment Management LLC grew its holdings in shares of Marvell Technology by 4.0% during the third quarter. Intech Investment Management LLC now owns 51,419 shares of the semiconductor company’s stock valued at $4,323,000 after buying an additional 1,994 shares in the last quarter. Cypress Asset Management Inc. TX raised its position in Marvell Technology by 66.3% during the third quarter. Cypress Asset Management Inc. TX now owns 5,330 shares of the semiconductor company’s stock valued at $448,000 after buying an additional 2,125 shares during the period. Finally, Waddell & Associates LLC purchased a new stake in Marvell Technology in the 3rd quarter worth about $203,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Performance

Shares of MRVL opened at $81.69 on Friday. The firm has a market cap of $71.17 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 0.64 and a beta of 1.97. The company’s fifty day moving average is $81.90 and its 200-day moving average is $81.88. 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 12 month low of $47.08 and a 12 month high of $102.77.

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

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were 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 was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is presently 8.42%.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several research analyst reports. Melius Research raised Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft set a $120.00 price objective on shares of Marvell Technology in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. Roth Mkm lifted their target price on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Finally, Citigroup dropped their price target on shares of Marvell Technology from $114.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.31.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the sale, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

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.