Beacon Pointe Advisors LLC Grows Stake in Marvell Technology, Inc. $MRVL

Beacon Pointe Advisors LLC grew its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 37.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 32,130 shares of the semiconductor company’s stock after buying an additional 8,706 shares during the period. Beacon Pointe Advisors LLC’s holdings in Marvell Technology were worth $2,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Taylor Frigon Capital Management LLC lifted its holdings in shares of Marvell Technology by 16.5% during the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after purchasing an additional 4,748 shares in the last quarter. Waterfront Wealth Inc. raised its stake in Marvell Technology by 21.5% during the 2nd 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 bought a new position in shares of Marvell Technology during the 2nd quarter valued at $1,486,000. Westbourne Investments Inc. lifted its holdings in shares of Marvell Technology by 442.4% during the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after buying an additional 17,695 shares during the period. Finally, Norges Bank purchased a new position in shares of Marvell Technology in the 2nd quarter worth $716,713,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Trading Down 2.0%

Shares of MRVL opened at $98.19 on Friday. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company’s fifty day simple moving average is $87.44 and its 200-day simple moving average is $76.92. The company has a market cap of $84.65 billion, a P/E ratio of 34.45, a P/E/G ratio of 1.20 and a beta of 1.93. 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 (NASDAQ:MRVL) last released its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a return on equity of 13.31% and a net margin of 31.75%.The company’s quarterly revenue was up 36.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology declared that its Board of Directors has initiated a stock buyback program on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding 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 generally an indication that the company’s board of directors believes its shares are undervalued.

Marvell Technology Dividend Announcement

The business 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 0.2%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

Insider Activity at Marvell Technology

In other news, COO Chris Koopmans purchased 6,800 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $530,604.00. Following the transaction, the chief operating officer owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the business’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 purchase, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 27,200 shares of company stock worth $2,109,632. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MRVL. KeyCorp upped their price objective on Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday. Barclays boosted their price objective on shares of Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c-)” rating on shares of Marvell Technology in a research report on Wednesday, October 8th. Finally, Cowen reissued a “hold” rating on shares of Marvell Technology in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $111.00.

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.