17 Capital Partners LLC Trims Stock Position in Marvell Technology, Inc. $MRVL

17 Capital Partners LLC trimmed its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 30.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,940 shares of the semiconductor company’s stock after selling 3,910 shares during the period. 17 Capital Partners LLC’s holdings in Marvell Technology were worth $692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Taylor Frigon Capital Management LLC boosted its stake in Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after purchasing an additional 4,748 shares during the period. Waterfront Wealth Inc. raised its holdings in shares of Marvell Technology by 21.5% in the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after buying an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd purchased a new stake in shares of Marvell Technology in the second quarter valued at about $1,486,000. Westbourne Investments Inc. boosted its stake in shares of Marvell Technology by 442.4% during the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after buying an additional 17,695 shares during the period. Finally, Triton Financial Group Inc purchased a new position in shares of Marvell Technology during the second quarter worth about $1,543,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Up 3.4%

Shares of NASDAQ MRVL opened at $81.32 on Thursday. The stock has a market capitalization of $70.11 billion, a price-to-earnings ratio of -625.54, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The firm has a 50-day moving average price of $84.14 and a 200 day moving average price of $75.03. 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 (NASDAQ:MRVL) last issued its 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 company had revenue of $2.01 billion during 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 quarterly revenue was up 57.6% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology declared that its Board of Directors has authorized a share 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 purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Marvell Technology Dividend Announcement

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

Insider Transactions at Marvell Technology

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

Wall Street Analysts Forecast Growth

MRVL has been the subject of several analyst reports. UBS Group upped their price objective on Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Wall Street Zen raised Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Summit Redstone set a $105.00 price objective on shares of Marvell Technology in a research report on Wednesday, October 15th. Benchmark restated a “buy” rating and set a $95.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Oppenheimer raised their target price on shares of Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.23.

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.