Appleton Partners Inc. MA Decreases Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Appleton Partners Inc. MA reduced its stake in Marvell Technology, Inc. by 12.0%, now holding 133,186 shares worth approximately $10.3 million.
• Marvell Technology declared a quarterly dividend of $0.06, with an annualized yield of 0.3%, despite a negative payout ratio.
• The company plans to repurchase up to $5.0 billion in shares, suggesting that the board believes the stock is undervalued.

Appleton Partners Inc. MA trimmed its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 12.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,186 shares of the semiconductor company's stock after selling 18,079 shares during the quarter. Appleton Partners Inc. MA's holdings in Marvell Technology were worth $10,309,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Taylor Frigon Capital Management LLC lifted its stake in Marvell Technology by 16.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company's stock worth $2,601,000 after purchasing an additional 4,748 shares in the last quarter. BOCHK Asset Management Ltd acquired a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $1,486,000. Westbourne Investments Inc. increased 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 worth $1,679,000 after buying an additional 17,695 shares during the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $1,618,000. Finally, Siren L.L.C. increased its holdings in shares of Marvell Technology by 636.2% during the 1st quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company's stock worth $2,266,000 after buying an additional 31,808 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Price Performance

Marvell Technology stock opened at $86.22 on Monday. The stock has a market cap of $74.33 billion, a P/E ratio of -663.23, a price-to-earnings-growth ratio of 1.06 and a beta of 1.94. The company has a fifty day simple moving average of $74.27 and a 200-day simple moving average of $68.13. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. 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 - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 57.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

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

Analyst Ratings Changes

A number of analysts have recently issued reports on MRVL shares. Rosenblatt Securities cut their price target on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a report on Friday, August 29th. JPMorgan Chase & Co. cut their price target on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, August 29th. Morgan Stanley cut their price target on shares of Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating for the company in a report on Friday, August 29th. UBS Group dropped their target price 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. Finally, Melius Research lifted their target price on shares of Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a report on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Marvell Technology has an average rating of "Moderate Buy" and an average target price of $91.67.

Insider Transactions at Marvell Technology

In related news, CEO Matthew J. Murphy purchased 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the transaction, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the sale, the executive vice president directly owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 27,200 shares of company stock valued at $2,109,632 over the last quarter. 0.33% of the stock is owned by corporate insiders.

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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