Foundations Investment Advisors LLC Acquires New Position in Marvell Technology, Inc. $MRVL

Foundations Investment Advisors LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,775 shares of the semiconductor company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Nuveen LLC purchased a new stake in shares of Marvell Technology in the 1st quarter valued at $399,587,000. Goldman Sachs Group Inc. lifted its stake in Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the last quarter. AQR Capital Management LLC lifted its stake in Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock worth $187,566,000 after purchasing an additional 2,710,894 shares during the last quarter. Nordea Investment Management AB boosted its position in Marvell Technology by 48.3% during the second quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock valued at $555,650,000 after buying an additional 2,344,245 shares during the period. Finally, DnB Asset Management AS grew its stake in shares of Marvell Technology by 1,167.6% during the first quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock valued at $124,116,000 after buying an additional 1,856,833 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Trading Down 5.7%

NASDAQ:MRVL opened at $76.68 on Friday. The company has a 50-day moving average price of $84.34 and a 200-day moving average price of $75.04. The stock has a market cap of $66.11 billion, a price-to-earnings ratio of -589.85, a P/E/G ratio of 1.10 and a beta of 1.95. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. 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, hitting analysts’ consensus estimates of $0.67. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology’s revenue was up 57.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Marvell Technology declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

MRVL has been the subject of a number of recent research reports. Roth Capital reissued a “buy” rating on shares of Marvell Technology in a research note on Wednesday, October 15th. The Goldman Sachs Group boosted their price objective on Marvell Technology from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday. Oppenheimer increased their price objective on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Wells Fargo & Company decreased their target price on shares of 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 shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.23.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes bought 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. This represents a 2.64% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, the insider owned 73,392 shares in the company, valued at $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 27,200 shares of company stock worth $2,109,632 in the last ninety days. 0.19% of the stock is owned by company insiders.

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.