BSW Wealth Partners Acquires New Position in Marvell Technology, Inc. $MRVL

Key Points

• BSW Wealth Partners has acquired a new position in Marvell Technology, Inc., purchasing 3,652 shares worth approximately $283,000.
• Marvell Technology's Q2 earnings met estimates with an EPS of $0.67, and the company reported revenues of $2.01 billion, up 57.6% year-over-year.
• The company has authorized a $5.00 billion stock buyback plan, indicating management's belief that the stock is undervalued.

BSW Wealth Partners acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,652 shares of the semiconductor company's stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hughes Financial Services LLC bought a new stake in shares of Marvell Technology in the 1st quarter worth approximately $26,000. Rossby Financial LCC acquired a new stake in Marvell Technology in the first quarter worth $27,000. Financial Connections Group Inc. increased its position in 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. Vision Financial Markets LLC bought a new stake in Marvell Technology in the first quarter valued at $28,000. Finally, Security National Bank acquired a new position in shares of Marvell Technology during the first quarter valued at $31,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Up 2.8%

MRVL opened at $86.20 on Friday. 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 company has a market capitalization of $74.31 billion, a PE ratio of -663.08, a P/E/G ratio of 1.03 and a beta of 1.94. The stock's fifty day moving average is $74.03 and its 200-day moving average is $68.03. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter last year, the business posted $0.30 earnings per share. The company's quarterly revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its Board of Directors has approved a stock repurchase plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Marvell Technology Announces Dividend

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

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy bought 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, for a total transaction of $1,048,424.00. Following the completion of the acquisition, the chief executive officer owned 268,637 shares of the company's stock, valued at approximately $20,709,226.33. This represents a 5.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the transaction, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 27,200 shares of company stock valued at $2,109,632. Corporate insiders own 0.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MRVL shares. Melius Research increased their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, June 18th. Barclays restated an "overweight" rating and issued a $80.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Wall Street Zen upgraded Marvell Technology from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Evercore ISI decreased their price objective on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, August 29th. Finally, Zacks Research upgraded Marvell Technology from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $91.67.

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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