Arista Wealth Management LLC Acquires New Stake in Marvell Technology, Inc. $MRVL

Key Points

• Arista Wealth Management LLC acquired a new stake of 3,298 shares in Marvell Technology, Inc., valued at approximately $255,000 during the 2nd quarter.
• Institutional investors hold 83.51% of Marvell Technology's stock, with significant increases in stakes from firms such as Vanguard and Goldman Sachs in the 1st quarter.
• The company announced a $5.00 billion share buyback plan, indicating that its Board believes the stock is undervalued.

Arista Wealth Management LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,298 shares of the semiconductor company's stock, valued at approximately $255,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Marvell Technology by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock valued at $3,926,326,000 after acquiring an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after acquiring an additional 5,050,159 shares in the last quarter. Brown Advisory Inc. lifted its position in Marvell Technology by 2.2% in the 1st quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock valued at $1,188,333,000 after acquiring an additional 423,892 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Marvell Technology by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock valued at $562,991,000 after acquiring an additional 227,555 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in 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 valued at $478,794,000 after acquiring an additional 488,610 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Insider Activity at Marvell Technology

In related news, insider Sandeep Bharathi purchased 3,400 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew J. Murphy purchased 13,600 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares in the company, valued at $20,709,226.33. The trade was a 5.33% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,200 shares of company stock worth $2,109,632 in the last quarter. Corporate insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MRVL shares. Cowen cut shares of Marvell Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, September 30th. TD Cowen reissued a "hold" rating and set a $85.00 price target (down from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. BNP Paribas raised shares of Marvell Technology to a "strong-buy" rating in a research report on Friday, August 29th. Barclays reissued an "overweight" rating and set a $80.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Finally, UBS Group boosted their price target on shares of Marvell Technology from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $93.06.

Marvell Technology Stock Down 0.3%

Marvell Technology stock opened at $87.95 on Friday. The firm has a market capitalization of $75.82 billion, a PE ratio of -676.54, a P/E/G ratio of 1.08 and a beta of 1.94. The company's 50-day moving average is $76.56 and its 200-day moving average is $69.62. 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 debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

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 for the quarter, hitting the consensus estimate of $0.67. The company 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%. Marvell Technology's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. 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 share buyback plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Marvell Technology Announces Dividend

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

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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