Broadway Wealth Solutions Inc. Takes $483,000 Position in Marvell Technology, Inc. $MRVL

Key Points

• Broadway Wealth Solutions Inc. acquired a new position in Marvell Technology, purchasing 6,243 shares worth approximately $483,000 during the second quarter.
• Marvell Technology's recent earnings report showed $2.01 billion in revenue with an EPS of $0.67, aligning with analysts' estimates and reflecting a 57.6% year-over-year revenue growth.
• The company announced a $5.00 billion stock repurchase plan, indicating management believes their stock is undervalued, alongside a quarterly dividend of $0.06 per share set to be paid on October 30th.

Broadway Wealth Solutions Inc. acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,243 shares of the semiconductor company's stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds have also modified their holdings of MRVL. GAMMA Investing LLC increased its position in shares of Marvell Technology by 6,001.6% during the first quarter. GAMMA Investing LLC now owns 501,796 shares of the semiconductor company's stock valued at $30,896,000 after purchasing an additional 493,572 shares during the period. NBC Securities Inc. increased its position in shares of Marvell Technology by 94,750.0% during the first quarter. NBC Securities Inc. now owns 1,897 shares of the semiconductor company's stock valued at $116,000 after purchasing an additional 1,895 shares during the period. Harbor Investment Advisory LLC increased its position in shares of Marvell Technology by 77.9% during the first quarter. Harbor Investment Advisory LLC now owns 717 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 314 shares during the period. Merit Financial Group LLC increased its position in shares of Marvell Technology by 144.8% during the first quarter. Merit Financial Group LLC now owns 23,093 shares of the semiconductor company's stock valued at $1,422,000 after purchasing an additional 13,661 shares during the period. Finally, RFG Advisory LLC increased its position in shares of Marvell Technology by 4.2% during the first quarter. RFG Advisory LLC now owns 44,416 shares of the semiconductor company's stock valued at $2,735,000 after purchasing an additional 1,795 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marvell Technology

In other news, COO Chris Koopmans purchased 6,800 shares of the business's 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 $530,604.00. Following the completion of the purchase, the chief operating officer directly owned 104,825 shares of the company's stock, valued at $8,179,494.75. The trade was a 6.94% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew J. Murphy purchased 13,600 shares of the business's stock in a transaction dated Thursday, September 25th. The shares were purchased at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, the chief executive officer directly owned 268,637 shares of the company's stock, valued at $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,200 shares of company stock valued at $2,109,632 over the last ninety days. Company insiders own 0.33% of the company's stock.

Marvell Technology Price Performance

Marvell Technology stock opened at $84.08 on Wednesday. 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 firm has a market cap of $72.48 billion, a P/E ratio of -646.75, a P/E/G ratio of 1.01 and a beta of 1.85. The business's fifty day moving average is $73.57 and its two-hundred day moving average is $67.81. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 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 EPS for the quarter, hitting analysts' consensus estimates 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 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 quarter in the previous year, the firm earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology declared that its board has authorized a stock repurchase 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 buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Marvell Technology Dividend Announcement

The company 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 of this dividend is Friday, October 10th. Marvell Technology's dividend payout ratio is -184.62%.

Analyst Ratings Changes

A number of brokerages have weighed in on MRVL. Melius Research upped their price target on Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research report on Wednesday, June 18th. Evercore ISI lowered their price target on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, August 29th. UBS Group lowered their price target on Marvell Technology from $110.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. BNP Paribas upgraded Marvell Technology to a "strong-buy" rating in a research report on Friday, August 29th. Finally, Barclays reiterated an "overweight" rating and issued a $80.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $91.17.

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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