6,293 Shares in Marvell Technology, Inc. $MRVL Acquired by Fortis Capital Advisors LLC

Key Points

• Fortis Capital Advisors LLC recently acquired 6,293 shares of Marvell Technology, valuing approximately $487,000, during the second quarter.
• Marvell Technology announced a $5 billion share buyback plan, allowing the repurchase of up to 7.8% of its shares, signaling management's belief that the stock is undervalued.
• The company reported Q3 earnings with $0.67 EPS and revenue of $2.01 billion, both meeting consensus estimates, and provided guidance for Q3 2026 EPS between $0.690-$0.790.

Fortis Capital Advisors LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,293 shares of the semiconductor company's stock, valued at approximately $487,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. New Century Financial Group LLC acquired a new position in Marvell Technology during the second quarter valued at approximately $1,449,000. Hilltop National Bank acquired a new position in Marvell Technology during the second quarter valued at approximately $48,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Marvell Technology by 21.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,296,446 shares of the semiconductor company's stock valued at $100,345,000 after buying an additional 232,253 shares in the last quarter. Mechanics Financial Corp lifted its position in Marvell Technology by 9.4% during the second quarter. Mechanics Financial Corp now owns 4,231 shares of the semiconductor company's stock valued at $327,000 after buying an additional 364 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. lifted its position in Marvell Technology by 18.6% during the second quarter. ASR Vermogensbeheer N.V. now owns 91,214 shares of the semiconductor company's stock valued at $7,060,000 after buying an additional 14,294 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marvell Technology news, CEO Matthew J. Murphy purchased 13,600 shares of the business's stock in a transaction on Thursday, September 25th. The stock was bought at an average cost of $77.09 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sandeep Bharathi purchased 3,400 shares of the business's stock in a transaction on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the insider directly owned 73,392 shares in the company, valued at $5,726,777.76. The trade was a 4.86% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 27,200 shares of company stock valued at $2,109,632. Corporate insiders own 0.19% of the company's stock.

Marvell Technology Stock Performance

MRVL stock opened at $86.22 on Friday. The company has a market capitalization of $74.33 billion, a P/E ratio of -663.23, a PEG ratio of 1.06 and a beta of 1.94. The company has a 50-day simple moving average of $74.27 and a 200 day simple moving average of $68.15. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week 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.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The business 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%. The company's quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology announced that its Board of Directors has authorized a share buyback plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Marvell Technology Announces Dividend

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

Analysts Set New Price Targets

MRVL has been the topic of a number of recent research reports. Bank of America reaffirmed a "neutral" rating and set a $78.00 price target (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Marvell Technology in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Marvell Technology from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. UBS Group dropped their price objective on shares of Marvell Technology from $110.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Finally, Morgan Stanley dropped their price objective on shares of Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Marvell Technology presently has an average rating of "Moderate Buy" and an average target price of $91.67.

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.

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