BXM Wealth LLC Trims Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• BXM Wealth LLC significantly reduced its stake in Marvell Technology, Inc. by 53.8%, now holding 2,595 shares valued at approximately $201,000.
• Multiple institutional investors have increased their holdings in Marvell Technology, with Goldman Sachs raising its position by 32.3%, owning over 20 million shares valued at $1.27 billion.
• The company announced a $5.0 billion stock buyback program, indicating a belief that its shares are currently undervalued.

BXM Wealth LLC lessened its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 53.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,595 shares of the semiconductor company's stock after selling 3,025 shares during the period. BXM Wealth LLC's holdings in Marvell Technology were worth $201,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in Marvell Technology during the first quarter valued at approximately $399,587,000. Goldman Sachs Group Inc. increased its holdings in shares of 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 valued at $1,272,117,000 after acquiring an additional 5,050,159 shares during the period. Impax Asset Management Group plc increased its holdings in shares of Marvell Technology by 748.3% in the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock valued at $227,033,000 after acquiring an additional 3,264,557 shares during the period. AQR Capital Management LLC increased its holdings in shares of Marvell Technology by 662.9% in the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock valued at $187,566,000 after acquiring an additional 2,710,894 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Marvell Technology by 48.3% in the 2nd quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company's stock valued at $555,650,000 after acquiring an additional 2,344,245 shares during the period. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Activity

In other news, CFO Willem A. Meintjes acquired 3,400 shares of the company's stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandeep Bharathi acquired 3,400 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the insider owned 73,392 shares in the company, 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. Insiders have bought a total of 27,200 shares of company stock valued at $2,109,632 over the last three months. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Zacks Research raised shares of Marvell Technology from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 24th. Roth Capital reiterated a "buy" rating on shares of Marvell Technology in a research report on Wednesday. Bank of America reiterated a "neutral" rating and issued a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Barclays restated an "overweight" rating and issued a $80.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Rosenblatt Securities lowered their target price on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $93.06.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $88.23 on Friday. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. 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 business's 50 day moving average price is $76.35 and its 200 day moving average price is $69.45. The company has a market cap of $76.06 billion, a price-to-earnings ratio of -678.69, a PEG ratio of 1.08 and a beta of 1.94.

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

Marvell Technology announced that its Board of Directors has authorized a stock buyback program 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 programs are typically an indication that the company's board of directors believes its shares are undervalued.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be paid a dividend of $0.06 per share. 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 dividend 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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