Clear Creek Financial Management LLC Takes Position in Marvell Technology, Inc. $MRVL

Clear Creek Financial Management LLC acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,573 shares of the semiconductor company's stock, valued at approximately $664,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC lifted its stake in Marvell Technology by 16.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company's stock worth $2,601,000 after acquiring an additional 4,748 shares during the period. BOCHK Asset Management Ltd purchased a new stake in Marvell Technology in the second quarter worth $1,486,000. Westbourne Investments Inc. lifted its stake in Marvell Technology by 442.4% in the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company's stock worth $1,679,000 after acquiring an additional 17,695 shares during the period. Family Legacy Financial Solutions LLC purchased a new stake in Marvell Technology in the second quarter worth $1,618,000. Finally, Siren L.L.C. lifted its stake in Marvell Technology by 636.2% in the first quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company's stock worth $2,266,000 after acquiring an additional 31,808 shares during the period. Hedge funds and other institutional investors own 83.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MRVL shares. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $75.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Jefferies Financial Group decreased their price objective on Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a report on Friday, August 29th. UBS Group decreased their price objective on Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a report on Friday, August 29th. Benchmark reiterated a "buy" rating and issued a $95.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Finally, Oppenheimer increased their price objective on Marvell Technology from $95.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $92.33.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $85.61 on Friday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The business has a fifty day moving average price of $75.38 and a 200-day moving average price of $68.77. The company has a market capitalization of $73.80 billion, a PE ratio of -658.54, a PEG ratio of 1.11 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued 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 positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company earned $0.30 earnings per share. The company's 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. As a group, equities analysts expect that Marvell Technology, Inc. will post 0.91 EPS 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 issued a dividend of $0.06 per share. The ex-dividend date is Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is presently -184.62%.

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

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction 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 directly owned 17,163 shares in the company, valued at $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew J. Murphy purchased 13,600 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly owned 268,637 shares of the company's stock, valued at approximately $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by insiders.

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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