First Business Financial Services Inc. Purchases Shares of 3,136 Marvell Technology, Inc. $MRVL

Key Points

• First Business Financial Services Inc. acquired 3,136 shares of Marvell Technology, Inc. in the second quarter, valuing the investment at approximately $243,000.
• Marvell Technology reported a revenue of $2.01 billion for its last quarter, showing a 57.6% year-over-year increase and meeting analysts' expectations.
• The company has initiated a $5.00 billion stock buyback program, indicating confidence in its undervalued stock, and also announced a quarterly dividend of $0.06 per share.

First Business Financial Services Inc. bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,136 shares of the semiconductor company's stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology in the 2nd quarter worth $27,000. Kiker Wealth Management LLC boosted its stake in Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 281 shares in the last quarter. Hughes Financial Services LLC purchased a new position in Marvell Technology during the first quarter valued at $26,000. Financial Connections Group Inc. boosted its stake in Marvell Technology by 776.0% during 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. Finally, DiNuzzo Private Wealth Inc. lifted its position in shares of Marvell Technology by 786.0% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company's stock worth $34,000 after buying an additional 393 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology Trading Up 2.1%

NASDAQ MRVL opened at $82.77 on Friday. The stock's 50-day simple moving average is $76.97 and its two-hundred day simple moving average is $70.41. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $71.36 billion, a price-to-earnings ratio of -636.69, a PEG ratio of 0.99 and a beta of 1.94.

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

Marvell Technology declared that its board has initiated a stock buyback program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Marvell Technology Dividend Announcement

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

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy purchased 13,600 shares of the firm's stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Chris Koopmans bought 6,800 shares of the business's stock in a transaction dated Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the transaction, the chief operating officer directly owned 104,825 shares in the company, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 27,200 shares of company stock worth $2,109,632 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on MRVL shares. The Goldman Sachs Group initiated coverage on Marvell Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $75.00 price objective on the stock. Wells Fargo & Company dropped their target price on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Oppenheimer boosted their target price on shares of Marvell Technology from $95.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, September 25th. Finally, Morgan Stanley reduced their price target on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating for the company in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.06.

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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