Gagnon Securities LLC Trims Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Gagnon Securities LLC reduced its holdings in Marvell Technology by 44.8% during Q2, owning 6,096 shares valued at approximately $472,000.
• Several other institutional investors have adjusted their positions, with Guild Investment Management Inc. entering a $1.12 million position and REAP Financial Group LLC increasing its stake by 253%.
• Marvell Technology recently initiated a $5 billion stock buyback program, indicating management's belief that the stock is undervalued.

Gagnon Securities LLC cut its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 44.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,096 shares of the semiconductor company's stock after selling 4,953 shares during the quarter. Gagnon Securities LLC's holdings in Marvell Technology were worth $472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Guild Investment Management Inc. bought a new position in Marvell Technology in the 2nd quarter worth about $1,119,000. REAP Financial Group LLC boosted its stake in Marvell Technology by 253.0% in the 2nd quarter. REAP Financial Group LLC now owns 833 shares of the semiconductor company's stock worth $64,000 after purchasing an additional 597 shares in the last quarter. Sax Wealth Advisors LLC boosted its stake in Marvell Technology by 25.2% in the 2nd quarter. Sax Wealth Advisors LLC now owns 17,357 shares of the semiconductor company's stock worth $1,343,000 after purchasing an additional 3,494 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Marvell Technology in the 2nd quarter worth about $2,112,000. Finally, Shell Asset Management Co. boosted its stake in Marvell Technology by 155.3% in the 2nd quarter. Shell Asset Management Co. now owns 47,573 shares of the semiconductor company's stock worth $3,682,000 after purchasing an additional 28,936 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BNP Paribas upgraded shares of Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. The Goldman Sachs Group assumed coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $75.00 price target on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Marvell Technology in a research note on Saturday, September 27th. Rosenblatt Securities dropped their price target 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. Finally, Wall Street Zen upgraded shares of Marvell Technology from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.67.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy acquired 13,600 shares of the stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, the chief executive officer directly owned 268,637 shares of the company's stock, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sandeep Bharathi acquired 3,400 shares of the 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 purchase, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is currently owned by corporate insiders.

Marvell Technology Price Performance

MRVL opened at $86.97 on Wednesday. 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 stock has a market capitalization of $74.98 billion, a P/E ratio of -669.00, a P/E/G ratio of 1.09 and a beta of 1.94. The company's 50-day simple moving average is $74.74 and its two-hundred day simple moving average is $68.39. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting 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 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 business earned $0.30 EPS. The business's quarterly 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, analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

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

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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