Brookstone Capital Management Buys Shares of 3,315 Marvell Technology, Inc. $MRVL

Brookstone Capital Management bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,315 shares of the semiconductor company’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new position in Marvell Technology in the second quarter valued at about $193,000. Advantage Trust Co grew its stake in Marvell Technology by 122.7% in the second quarter. Advantage Trust Co now owns 1,806 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 995 shares during the last quarter. Whittier Trust Co. grew its stake in Marvell Technology by 90.2% in the second quarter. Whittier Trust Co. now owns 1,265 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 600 shares during the last quarter. Triton Financial Group Inc purchased a new position in Marvell Technology in the second quarter valued at about $1,543,000. Finally, Pittenger & Anderson Inc. purchased a new position in Marvell Technology in the second quarter valued at about $1,398,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

In related news, COO Chris Koopmans purchased 6,800 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, with a total value of $530,604.00. Following the completion of the acquisition, the chief operating officer owned 104,825 shares of the company’s stock, valued at $8,179,494.75. The trade was a 6.94% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Willem A. Meintjes purchased 3,400 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This trade represents a 2.64% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MRVL. Needham & Company LLC boosted their price target on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Oppenheimer boosted their price target on Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Benchmark restated a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Wells Fargo & Company dropped their price target on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. Finally, Cowen lowered Marvell Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $93.06.

Marvell Technology Trading Down 0.3%

Marvell Technology stock opened at $88.46 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a market capitalization of $76.26 billion, a price-to-earnings ratio of -680.46, a price-to-earnings-growth ratio of 1.08 and a beta of 1.94. The stock has a 50-day moving average price of $77.70 and a 200 day moving average price of $71.30.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates 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 quarter in the previous year, the company posted $0.30 earnings per share. The company’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. Sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology declared that its Board of Directors has initiated a share buyback plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s payout ratio is -184.62%.

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.