Marvell Technology, Inc. $MRVL Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 64.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,950 shares of the semiconductor company’s stock after purchasing an additional 27,476 shares during the period. AE Wealth Management LLC’s holdings in Marvell Technology were worth $5,414,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in shares of Marvell Technology during the first quarter worth $26,000. Financial Connections Group Inc. raised its stake in Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new stake in Marvell Technology during the 2nd quarter worth about $27,000. Vision Financial Markets LLC purchased a new stake in Marvell Technology during the 1st quarter valued at about $28,000. Finally, Kiker Wealth Management LLC increased its holdings in shares of Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In other news, CEO Matthew J. Murphy acquired 13,600 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was bought at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares in the company, valued at approximately $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Willem A. Meintjes bought 3,400 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 27,200 shares of company stock worth $2,109,632 in the last quarter. Company insiders own 0.19% of the company’s stock.

Marvell Technology Stock Down 2.6%

Marvell Technology stock opened at $90.92 on Monday. 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 stock has a market capitalization of $78.38 billion, a PE ratio of -699.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. The business has a 50 day simple moving average of $80.70 and a 200-day simple moving average of $73.63. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its Board of Directors has approved a stock buyback program on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was 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 currently -184.62%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MRVL shares. Roth Capital reiterated a “buy” rating on shares of Marvell Technology in a research report on Wednesday, October 15th. Jefferies Financial Group cut their price objective on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. TD Cowen restated a “hold” rating and set a $85.00 target price (down from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Bank of America reaffirmed a “neutral” rating and issued a $78.00 price target (down from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Finally, Oppenheimer increased their price target on Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.06.

About Marvell Technology

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.