Financial Security Advisor Inc. Takes $250,000 Position in Marvell Technology, Inc. $MRVL

Key Points

• Financial Security Advisor Inc. acquired $250,000 worth of shares in Marvell Technology, purchasing 3,229 shares during the 2nd quarter, as disclosed in a recent SEC filing.
• Marvell Technology's Board of Directors has authorized a $5 billion share buyback program, allowing the company to repurchase up to 7.8% of its shares.
• The company is expected to report an EPS of 0.91 for the current year, following a quarterly report where it met analysts' estimates with $0.67 EPS.

Financial Security Advisor Inc. acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,229 shares of the semiconductor company's stock, valued at approximately $250,000.

Several other hedge funds also recently modified their holdings of MRVL. Harbor Capital Advisors Inc. boosted its stake in shares of Marvell Technology by 0.8% in the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company's stock valued at $1,544,000 after buying an additional 151 shares during the period. CHICAGO TRUST Co NA boosted its stake in shares of Marvell Technology by 3.5% in the second quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company's stock valued at $364,000 after buying an additional 158 shares during the period. Synovus Financial Corp lifted its stake in Marvell Technology by 3.5% during the first quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company's stock worth $295,000 after purchasing an additional 161 shares during the last quarter. PFG Investments LLC lifted its stake in Marvell Technology by 2.6% during the second quarter. PFG Investments LLC now owns 6,757 shares of the semiconductor company's stock worth $523,000 after purchasing an additional 174 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Marvell Technology by 1.6% during the second quarter. V Square Quantitative Management LLC now owns 11,032 shares of the semiconductor company's stock worth $854,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Insider Activity

In other Marvell Technology news, COO Chris Koopmans purchased 6,800 shares of the firm's stock in a transaction on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the acquisition, the chief operating officer owned 104,825 shares in the company, valued at approximately $8,179,494.75. The trade was a 6.94% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandeep Bharathi purchased 3,400 shares of the firm's stock in a transaction on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is owned by insiders.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $90.68 on Friday. The company has a market capitalization of $78.18 billion, a price-to-earnings ratio of -697.54, a PEG ratio of 1.13 and a beta of 1.94. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The stock has a fifty day simple moving average of $75.16 and a 200 day simple moving average of $68.68. 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 posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.Marvell Technology's quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

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

Marvell Technology Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on MRVL shares. Deutsche Bank Aktiengesellschaft upped their target price on Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, September 25th. UBS Group cut their target price on Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Morgan Stanley cut their target price on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating for the company in a research note on Friday, August 29th. TD Cowen restated a "hold" rating and set a $85.00 target price (down from $90.00) on shares of Marvell Technology in a research note on Wednesday, October 1st. Finally, Melius Research upped their target price on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $91.67.

Marvell Technology Company 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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