66,800 Shares in Marvell Technology, Inc. $MRVL Bought by Ariose Capital Management Ltd

Key Points

• Ariose Capital Management Ltd has acquired 66,800 shares of Marvell Technology, valued at approximately $5,170,000, representing 3.3% of its holdings.
• Marvell recently reported $2.01 billion in revenue for the most recent quarter, a 57.6% year-over-year increase, and met the consensus EPS estimate of $0.67.
• The company announced a quarterly dividend of $0.06 per share and approved a share buyback plan allowing for repurchases of up to $5.00 billion of outstanding shares.

Ariose Capital Management Ltd purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 66,800 shares of the semiconductor company's stock, valued at approximately $5,170,000. Marvell Technology comprises 3.3% of Ariose Capital Management Ltd's holdings, making the stock its 9th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new position in shares of Marvell Technology during the first quarter valued at about $26,000. Rossby Financial LCC bought a new stake in shares of Marvell Technology in the first quarter worth about $27,000. Financial Connections Group Inc. increased its holdings in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 388 shares during the period. Vision Financial Markets LLC bought a new position in Marvell Technology during the 1st quarter valued at approximately $28,000. Finally, Security National Bank bought a new position in Marvell Technology during the 1st quarter valued at approximately $31,000. Institutional investors own 83.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MRVL shares. Morgan Stanley cut their price objective on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Friday, August 29th. BNP Paribas upgraded shares of Marvell Technology to a "strong-buy" rating in a report on Friday, August 29th. UBS Group decreased their price objective on shares of Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a report on Friday, August 29th. JPMorgan Chase & Co. cut their target price on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, August 29th. Finally, The Goldman Sachs Group started coverage on shares of Marvell Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $75.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.17.

Marvell Technology Price Performance

Shares of MRVL opened at $83.17 on Friday. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The firm's 50-day simple moving average is $73.14 and its two-hundred day simple moving average is $67.61. The stock has a market cap of $71.70 billion, a PE ratio of -639.77, a price-to-earnings-growth ratio of 1.01 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business earned $0.30 earnings per share. The business's revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

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 paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology's dividend payout ratio is currently -184.62%.

Marvell Technology announced that its board has approved a share buyback plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, CEO Matthew J. Murphy acquired 13,600 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the transaction, the chief executive officer owned 268,637 shares of the company's stock, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the sale, the executive vice president owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.