Marvell Technology, Inc. $MRVL Holdings Raised by Allworth Financial LP

Allworth Financial LP grew its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 821.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,579 shares of the semiconductor company’s stock after buying an additional 38,852 shares during the quarter. Allworth Financial LP’s holdings in Marvell Technology were worth $3,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Connections Group Inc. boosted its holdings in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after buying an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC purchased a new position in shares of Marvell Technology during the second quarter valued at $27,000. Vision Financial Markets LLC acquired a new position in Marvell Technology during the first quarter valued at $28,000. Kiker Wealth Management LLC increased its holdings in shares of Marvell Technology by 374.7% in the 2nd 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. Finally, Westside Investment Management Inc. lifted its position in Marvell Technology by 62.5% in the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after buying an additional 160 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of MRVL opened at $89.33 on Thursday. The stock’s 50-day moving average price is $82.34 and its two-hundred day moving average price is $74.20. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a market cap of $77.01 billion, a P/E ratio of -687.15, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48.

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

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were issued 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 was Friday, October 10th. Marvell Technology’s payout ratio is -184.62%.

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

Wall Street Analyst Weigh In

MRVL has been the subject of several recent research reports. Needham & Company LLC boosted their target price on shares of Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Cowen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Rosenblatt Securities cut their target price on Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Barclays reaffirmed an “equal weight” rating and set a $80.00 price objective on shares of Marvell Technology in a report on Monday, October 20th. Finally, BNP Paribas raised shares of Marvell Technology to a “strong-buy” rating in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Transactions at Marvell Technology

In related news, COO Chris Koopmans acquired 6,800 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew J. Murphy purchased 13,600 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the transaction, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This represents a 5.33% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 27,200 shares of company stock worth $2,109,632. Insiders own 0.33% of the company’s stock.

Marvell Technology 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.