Raiffeisen Bank International AG Grows Stock Holdings in Marvell Technology, Inc. $MRVL

Raiffeisen Bank International AG lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 25.3% in the third quarter, Holdings Channel.com reports. The fund owned 144,964 shares of the semiconductor company’s stock after purchasing an additional 29,312 shares during the period. Raiffeisen Bank International AG’s holdings in Marvell Technology were worth $11,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after buying an additional 15,166,976 shares in the last quarter. Norges Bank bought a new position in shares of Marvell Technology in the second quarter valued at approximately $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Marvell Technology by 4,758.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock worth $544,603,000 after acquiring an additional 6,891,393 shares during the period. Amundi increased its holdings in Marvell Technology by 113.4% during the 2nd quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock worth $642,140,000 after acquiring an additional 4,596,309 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Marvell Technology by 112.4% in the 2nd quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock valued at $626,756,000 after purchasing an additional 4,285,330 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

MRVL stock opened at $79.48 on Friday. The stock has a market capitalization of $67.34 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 0.63 and a beta of 1.97. The firm’s 50-day moving average price is $82.31 and its two-hundred day moving average price is $81.78. The company has a current ratio of 2.01, a quick ratio of 1.64 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 $109.75.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the business earned $0.43 EPS. 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 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were given a dividend of $0.06 per share. The ex-dividend date was Friday, January 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s payout ratio is currently 8.42%.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MRVL shares. TD Cowen reiterated a “hold” rating on shares of Marvell Technology in a research report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. Morgan Stanley set a $112.00 target price on shares of Marvell Technology in a research report on Wednesday, December 3rd. The Goldman Sachs Group upped their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Rosenblatt Securities dropped their price target on Marvell Technology from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have given 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 $115.16.

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.