B. Riley Wealth Advisors Inc. Invests $2.09 Million in Marvell Technology, Inc. $MRVL

B. Riley Wealth Advisors Inc. purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 27,060 shares of the semiconductor company’s stock, valued at approximately $2,094,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology during the 2nd quarter worth $27,000. Kiker Wealth Management LLC boosted its holdings in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares in the last quarter. Westside Investment Management Inc. increased its position in Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after buying an additional 160 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in Marvell Technology during the second quarter valued at about $32,000. Finally, DiNuzzo Private Wealth Inc. lifted its position in shares of Marvell Technology by 786.0% in the second quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock worth $34,000 after buying an additional 393 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In other news, insider Sandeep Bharathi acquired 3,400 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the insider owned 73,392 shares of the company’s stock, valued at $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Casper sold 1,253 shares of Marvell Technology stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $101.00, for a total value of $126,553.00. Following the sale, the executive vice president directly owned 9,023 shares in the company, valued at $911,323. The trade was a 12.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired 27,200 shares of company stock valued at $2,109,632 over the last quarter. Company insiders own 0.33% of the company’s stock.

Marvell Technology Stock Down 5.6%

MRVL opened at $84.43 on Monday. The business has a 50 day moving average of $88.24 and a 200-day moving average of $78.36. The stock has a market capitalization of $71.61 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 0.82 and a beta of 1.93. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. 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 earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Marvell Technology’s revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

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

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is presently 8.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MRVL. Evercore ISI increased their price objective on Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Piper Sandler set a $110.00 target price on Marvell Technology in a research report on Wednesday, December 3rd. KeyCorp increased their price target on Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. TD Cowen boosted their price objective on shares of Marvell Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, December 3rd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $150.00 target price (up from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $111.56.

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.