Balboa Wealth Partners Decreases Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Balboa Wealth Partners reduced its stake in Marvell Technology by 28.9%, holding 14,065 shares worth approximately $1,089,000 after selling 5,721 shares.
• Several large investors have adjusted their positions, with institutional investors now owning 83.51% of Marvell Technology's stock.
• The company has initiated a $5.0 billion stock buyback plan, indicating belief by the board that the stock is undervalued.

Balboa Wealth Partners lowered its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 28.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,065 shares of the semiconductor company's stock after selling 5,721 shares during the period. Balboa Wealth Partners' holdings in Marvell Technology were worth $1,089,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MRVL. Hughes Financial Services LLC purchased a new position in shares of Marvell Technology in the first quarter worth about $26,000. Rossby Financial LCC purchased a new position in shares of Marvell Technology in the first quarter worth about $27,000. Financial Connections Group Inc. increased its holdings in shares of Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after buying an additional 388 shares during the period. Game Plan Financial Advisors LLC purchased a new position in shares of Marvell Technology in the second quarter worth about $27,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Marvell Technology in the first quarter worth about $28,000. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Transactions at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans bought 6,800 shares of the stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the acquisition, the chief operating officer owned 104,825 shares of the company's stock, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sandeep Bharathi bought 3,400 shares of the stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price 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 of the company's stock, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 27,200 shares of company stock valued at $2,109,632. Insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

MRVL has been the topic of several recent analyst reports. Barclays reissued an "overweight" rating and issued a $80.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. BNP Paribas raised Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Marvell Technology in a research note on Wednesday, October 8th. Roth Capital reissued a "buy" rating on shares of Marvell Technology in a research note on Wednesday. Finally, TD Cowen reissued a "hold" rating and issued a $85.00 target price (down from $90.00) on shares of Marvell Technology in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.06.

Marvell Technology Stock Performance

Marvell Technology stock opened at $87.95 on Monday. The stock's 50 day simple moving average is $76.56 and its two-hundred day simple moving average is $69.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The stock has a market cap of $75.82 billion, a price-to-earnings ratio of -676.54, a PEG ratio of 1.07 and a beta of 1.94. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48.

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, meeting the consensus estimate of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business's revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology declared that its board has initiated a stock buyback plan on Wednesday, September 24th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its shares are undervalued.

Marvell Technology Announces Dividend

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

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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