IFP Advisors Inc Raises Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• IFP Advisors Inc significantly increased its stake in Marvell Technology by 204.4% during the second quarter, owning 22,434 shares valued at approximately $1.74 million.
• Marvell Technology announced a $5 billion share buyback program and recently disclosed a quarterly dividend of $0.06 per share.
• Marvell's stock has shown strong year-over-year growth, reporting a 57.6% increase in revenue for the most recent quarter and meeting earnings expectations with an EPS of $0.67.

IFP Advisors Inc grew its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 204.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,434 shares of the semiconductor company's stock after buying an additional 15,064 shares during the quarter. IFP Advisors Inc's holdings in Marvell Technology were worth $1,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Harbor Capital Advisors Inc. grew its position in shares of Marvell Technology by 0.8% during the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company's stock worth $1,544,000 after purchasing an additional 151 shares in the last quarter. CHICAGO TRUST Co NA grew its position in shares of Marvell Technology by 3.5% during the second quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company's stock worth $364,000 after purchasing an additional 158 shares in the last quarter. Synovus Financial Corp grew its position in shares of 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 in the last quarter. PFG Investments LLC grew its position in shares of 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 in the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insiders Place Their Bets

In related news, CFO Willem A. Meintjes acquired 3,400 shares of the stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the purchase, the chief financial officer directly owned 132,159 shares of the company's stock, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew J. Murphy acquired 13,600 shares of the stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the purchase, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. The trade was 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 worth $2,109,632. 0.19% of the stock is currently owned by company insiders.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $85.61 on Friday. The stock has a 50 day moving average of $75.38 and a 200 day moving average of $68.79. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The firm has a market cap of $73.80 billion, a PE ratio of -658.54, a PEG ratio of 1.05 and a beta of 1.94. The company has a current ratio of 1.88, a quick ratio of 1.44 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 (EPS) for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company's revenue for the quarter was up 57.6% on a year-over-year basis. During the same period last 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 expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

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

Marvell Technology Announces Dividend

The business 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 of this dividend is Friday, October 10th. Marvell Technology's dividend payout ratio (DPR) is presently -184.62%.

Analysts Set New Price Targets

Several research firms recently issued reports on MRVL. BNP Paribas upgraded Marvell Technology to a "strong-buy" rating in a research report on Friday, August 29th. Melius Research increased their target price on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Evercore ISI cut their target price on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a research report on Friday, August 29th. B. Riley reissued a "buy" rating and set a $115.00 price target (up from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Finally, Morgan Stanley dropped their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.33.

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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