Kingswood Wealth Advisors LLC Has $493,000 Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Kingswood Wealth Advisors LLC reduced its holdings in Marvell Technology by 65.4%, now owning 6,370 shares valued at approximately $493,000.
• Marvell Technology recently announced a $5 billion stock buyback plan, indicating confidence in its stock valuation, along with a quarterly dividend of $0.06 to be paid on October 30th.
• Despite recent changes in analyst ratings, Marvell has a consensus rating of "Moderate Buy" with a target price of $91.67, although Bank of America has lowered its price target to $78.00.

Kingswood Wealth Advisors LLC trimmed its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 65.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,370 shares of the semiconductor company's stock after selling 12,022 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Marvell Technology were worth $493,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MRVL. Farther Finance Advisors LLC boosted its stake in shares of Marvell Technology by 45.9% during the first quarter. Farther Finance Advisors LLC now owns 8,498 shares of the semiconductor company's stock valued at $533,000 after purchasing an additional 2,672 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Marvell Technology by 99.5% during the first quarter. Harbor Capital Advisors Inc. now owns 19,794 shares of the semiconductor company's stock valued at $1,219,000 after purchasing an additional 9,874 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Marvell Technology by 8.4% during the first quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock valued at $927,000 after purchasing an additional 1,164 shares in the last quarter. Bard Financial Services Inc. boosted its stake in shares of Marvell Technology by 22.4% during the first quarter. Bard Financial Services Inc. now owns 3,995 shares of the semiconductor company's stock valued at $246,000 after purchasing an additional 730 shares in the last quarter. Finally, Focus Financial Network Inc. boosted its stake in shares of Marvell Technology by 29.8% during the first quarter. Focus Financial Network Inc. now owns 5,927 shares of the semiconductor company's stock valued at $365,000 after purchasing an additional 1,362 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MRVL. Bank of America reissued a "neutral" rating and set a $78.00 price target (down from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. BNP Paribas raised Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. Rosenblatt Securities cut their price objective on Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Wall Street Zen raised Marvell Technology from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Marvell Technology in a research note on Wednesday. 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 company. Based on data from MarketBeat, Marvell Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.67.

Insiders Place Their Bets

In other news, insider Sandeep Bharathi acquired 3,400 shares of the firm's stock in a transaction dated Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the insider directly owned 73,392 shares in the company, valued at $5,726,777.76. The trade was a 4.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Willem A. Meintjes acquired 3,400 shares of the firm's stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the chief financial officer owned 132,159 shares of the company's stock, valued at approximately $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 27,200 shares of company stock valued at $2,109,632 in the last 90 days. Company insiders own 0.19% of the company's stock.

Marvell Technology Trading Down 2.0%

Shares of MRVL stock opened at $90.68 on Friday. The company has a market cap of $78.18 billion, a P/E ratio of -697.54, a PEG ratio of 1.13 and a beta of 1.94. The stock has a 50 day simple moving average of $75.16 and a two-hundred day simple moving average of $68.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting 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%.The firm's revenue for the quarter was up 57.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. 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 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be issued a $0.06 dividend. 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 payout ratio is presently -184.62%.

Marvell Technology announced that its board has approved a stock buyback plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership 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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