Burr Financial Services LLC Acquires 30,595 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Burr Financial Services LLC increased its holdings in Marvell Technology by 471.4% in Q2, owning 37,085 shares valued at $2.87 million, making it the firm's 13th largest position.
• Multiple hedge funds, including Goldman Sachs and Impax Asset Management, significantly boosted their stakes in Marvell Technology during the first quarter, reflecting strong institutional interest.
• Marvell Technology reported $2.01 billion in revenue for the last quarter, a 57.6% year-over-year increase, with adjusted earnings of $0.67 per share.

Burr Financial Services LLC boosted its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 471.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,085 shares of the semiconductor company's stock after acquiring an additional 30,595 shares during the quarter. Marvell Technology accounts for approximately 2.4% of Burr Financial Services LLC's portfolio, making the stock its 13th largest holding. Burr Financial Services LLC's holdings in Marvell Technology were worth $2,870,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MRVL. Hughes Financial Services LLC purchased a new stake in Marvell Technology during the first quarter valued at about $26,000. Rossby Financial LCC purchased a new stake in Marvell Technology during the first quarter valued at about $27,000. Financial Connections Group Inc. boosted its position in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after buying an additional 388 shares during the period. Vision Financial Markets LLC purchased a new stake in Marvell Technology during the first quarter valued at about $28,000. Finally, Security National Bank purchased a new stake in Marvell Technology during the first quarter valued at about $31,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology 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 owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company's stock.

Marvell Technology Stock Up 4.6%

Shares of MRVL stock traded up $3.25 during trading hours on Thursday, hitting $74.23. 28,645,014 shares of the company's stock traded hands, compared to its average volume of 19,181,613. The stock's fifty day simple moving average is $72.40 and its two-hundred day simple moving average is $67.59. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The stock has a market cap of $63.99 billion, a price-to-earnings ratio of -571.00, a PEG ratio of 0.83 and a beta of 1.85. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly 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 negative net margin of 1.43% and a positive return on equity of 11.01%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The firm's quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MRVL shares. Needham & Company LLC cut their price target on shares of Marvell Technology from $85.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Benchmark reiterated a "buy" rating and set a $95.00 target price on shares of Marvell Technology in a report on Friday, August 29th. UBS Group dropped their target price on shares of Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a report on Friday, August 29th. Bank of America reiterated a "neutral" rating and set a $78.00 target price (down from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Finally, Melius lowered shares of Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 price objective for the company. in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.50.

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.