Marvell Technology, Inc. $MRVL Holdings Raised by Perigon Wealth Management LLC

Key Points

• Perigon Wealth Management LLC increased its holdings in Marvell Technology by 28.4% during the second quarter, acquiring 3,074 additional shares, bringing their total to 13,915 shares valued at $1,077,000.
• Marvell's COO, Chris Koopmans, bought 6,800 shares worth approximately $530,604, increasing his position by 6.94%, while EVP Mark Casper sold 3,000 shares, reducing his position by 14.88%.
• Analysts have a consensus rating of "Moderate Buy" for Marvell Technology, with an average target price of $91.17, reflecting recent price target adjustments from firms like Rosenblatt and Goldman Sachs.

Perigon Wealth Management LLC grew its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 28.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,915 shares of the semiconductor company's stock after acquiring an additional 3,074 shares during the quarter. Perigon Wealth Management LLC's holdings in Marvell Technology were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Westbourne Investments Inc. increased its holdings in shares of Marvell Technology by 442.4% in the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company's stock valued at $1,679,000 after acquiring an additional 17,695 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new stake in shares of Marvell Technology in the 2nd quarter valued at approximately $1,618,000. Siren L.L.C. grew its stake 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 buying an additional 31,808 shares during the last quarter. Burr Financial Services LLC grew its stake in Marvell Technology by 471.4% during the 2nd quarter. Burr Financial Services LLC now owns 37,085 shares of the semiconductor company's stock worth $2,870,000 after buying an additional 30,595 shares during the last quarter. Finally, Wesbanco Bank Inc. grew its stake in Marvell Technology by 53.8% during the 2nd quarter. Wesbanco Bank Inc. now owns 68,615 shares of the semiconductor company's stock worth $5,311,000 after buying an additional 24,000 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Chris Koopmans acquired 6,800 shares of the business's 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 $530,604.00. Following the completion of the acquisition, the chief operating officer directly owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MRVL has been the subject of a number of recent research reports. Rosenblatt Securities lowered their price objective on Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. 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 for the company. Morgan Stanley lowered their price objective 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. Zacks Research upgraded Marvell Technology from a "strong sell" rating to a "hold" rating in a research note on Wednesday. Finally, Benchmark restated a "buy" rating and set a $95.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $91.17.

Marvell Technology Trading Down 0.8%

NASDAQ:MRVL opened at $83.17 on Friday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The stock has a market cap of $71.70 billion, a price-to-earnings ratio of -639.77, a PEG ratio of 1.01 and a beta of 1.85. The business has a fifty day moving average of $73.14 and a 200-day moving average of $67.61. 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 (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share 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 was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology announced that its Board of Directors has approved a stock repurchase plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Marvell Technology Announces Dividend

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

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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