Ignite Planners LLC Invests $291,000 in Marvell Technology, Inc. $MRVL

Key Points

• Ignite Planners LLC has invested approximately $291,000 in Marvell Technology, Inc. by acquiring 3,895 shares in the second quarter, reflecting increased interest from institutional investors.
• CEO Matthew J. Murphy and COO Chris Koopmans made significant stock purchases, indicating confidence in the company’s future, with Murphy buying 13,600 shares and Koopmans purchasing 6,800 shares.
• Marvell Technology announced a $5 billion stock buyback program and a quarterly dividend of $0.06, which is set to be paid out on October 30th, suggesting management believes the stock is undervalued.

Ignite Planners LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,895 shares of the semiconductor company's stock, valued at approximately $291,000.

Other hedge funds have also modified their holdings of the company. Taylor Frigon Capital Management LLC raised its holdings in shares of Marvell Technology by 16.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company's stock worth $2,601,000 after buying an additional 4,748 shares in the last quarter. BOCHK Asset Management Ltd bought a new stake in Marvell Technology during the 2nd quarter worth approximately $1,486,000. Westbourne Investments Inc. grew its position in Marvell Technology by 442.4% during the 2nd 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 last quarter. Family Legacy Financial Solutions LLC bought a new stake in Marvell Technology during the 2nd quarter worth approximately $1,618,000. Finally, Siren L.L.C. grew its position in Marvell Technology by 636.2% during the 1st 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 last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Matthew J. Murphy purchased 13,600 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The shares were acquired at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Chris Koopmans purchased 6,800 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the transaction, the chief operating officer directly owned 104,825 shares in the company, valued at $8,179,494.75. The trade was a 6.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 27,200 shares of company stock worth $2,109,632 over the last three months. Insiders own 0.19% of the company's stock.

Marvell Technology Stock Up 6.4%

Shares of MRVL opened at $92.50 on Thursday. The firm has a market capitalization of $79.74 billion, a price-to-earnings ratio of -711.54, a PEG ratio of 1.06 and a beta of 1.94. 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 business's fifty day moving average price is $74.95 and its two-hundred day moving average price is $68.55. 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 announced its quarterly earnings data 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 positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the company earned $0.30 EPS. The business's quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

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

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 given 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 (DPR) is currently -184.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Marvell Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $75.00 price target on the stock. Wells Fargo & Company decreased their price target on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Barclays restated an "overweight" rating and set a $80.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. TD Cowen restated a "hold" rating and set a $85.00 price target (down from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Finally, Zacks Research upgraded Marvell Technology from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.67.

About Marvell Technology

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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