19,932 Shares in Marvell Technology, Inc. $MRVL Acquired by Triton Financial Group Inc

Key Points

• Triton Financial Group Inc acquired 19,932 shares of Marvell Technology, valued at approximately $1.54 million, during the second quarter.
• Marvell Technology has announced a $5 billion stock buyback program, signaling management's belief that the stock is currently undervalued.
• The company reported a 57.6% year-over-year revenue increase for the last quarter, with earnings per share matching analysts' expectations at $0.67.

Triton Financial Group Inc bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,932 shares of the semiconductor company's stock, valued at approximately $1,543,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Marvell Technology by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock worth $3,926,326,000 after acquiring an additional 1,212,338 shares during the period. Goldman Sachs Group Inc. increased its holdings in Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares during the period. Brown Advisory Inc. increased its holdings in shares of Marvell Technology by 2.2% in the 1st quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock worth $1,188,333,000 after buying an additional 423,892 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Marvell Technology by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock worth $562,991,000 after buying an additional 227,555 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Marvell Technology by 6.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company's stock worth $478,794,000 after buying an additional 488,610 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes bought 3,400 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandeep Bharathi bought 3,400 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the completion of the transaction, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is currently owned by company insiders.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $85.84 on Tuesday. The firm has a market cap of $74.00 billion, a PE ratio of -660.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.94. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The company's fifty day simple moving average is $76.73 and its two-hundred day simple moving average is $70.02.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced 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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The company's revenue was up 57.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology announced that its board has approved a stock buyback program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology's dividend payout ratio (DPR) is currently -184.62%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Oppenheimer increased their price target on shares of Marvell Technology from $95.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, October 10th. Morgan Stanley decreased their price target on shares of Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock in a report on Friday, August 29th. Cantor Fitzgerald reissued a "neutral" rating and issued a $75.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, September 25th. 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 issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $93.06.

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.

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