Belpointe Asset Management LLC Invests $487,000 in Marvell Technology, Inc. $MRVL

Key Points

• Belpointe Asset Management LLC has invested approximately $487,000 in Marvell Technology, acquiring 6,293 shares as reported in its recent SEC filing.
• Marvell Technology's recent quarterly earnings met expectations, reporting $0.67 earnings per share (EPS) on revenues of $2.01 billion, reflecting a 57.6% year-over-year increase.
• Several institutional investors have recently adjusted their holdings in Marvell, with over 83% of the stock currently owned by institutional investors and hedge funds.

Belpointe Asset Management LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,293 shares of the semiconductor company's stock, valued at approximately $487,000.

A number of other institutional investors have also recently modified their holdings of MRVL. Vanguard Group Inc. lifted its position in shares of Marvell Technology by 1.9% during 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 buying an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 worth $1,272,117,000 after buying an additional 5,050,159 shares during the last quarter. Brown Advisory Inc. boosted its holdings 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 worth $1,188,333,000 after buying an additional 423,892 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Marvell Technology by 2.6% during the first 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 during the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in shares of Marvell Technology by 6.7% in the first 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on MRVL shares. UBS Group reduced their price objective on Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, September 25th. Wells Fargo & Company lowered their price target on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Zacks Research raised shares of Marvell Technology from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 24th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $91.67.

Marvell Technology Trading Down 2.0%

MRVL opened at $90.68 on Friday. The business has a fifty day moving average price of $75.16 and a 200 day moving average price of $68.68. 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, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The stock has a market capitalization of $78.18 billion, a price-to-earnings ratio of -697.54, a PEG ratio of 1.13 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting 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 positive return on equity of 11.01% and a negative net margin of 1.43%.The business's quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share 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. Stockholders of record on Friday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology's dividend payout ratio is -184.62%.

Marvell Technology announced that its Board of Directors has approved a stock buyback program on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Marvell Technology news, insider Sandeep Bharathi acquired 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the insider owned 73,392 shares of the company's stock, valued at $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value 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 $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 quarter, insiders have bought 27,200 shares of company stock valued at $2,109,632. Corporate insiders own 0.19% of the company's stock.

Marvell Technology Company 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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