Marvell Technology, Inc. $MRVL Shares Acquired by Dakota Wealth Management

Key Points

• Dakota Wealth Management has increased its stake in Marvell Technology by 53.3%, owning a total of 17,905 shares worth approximately $1.39 million.
• A stock buyback program of $5 billion has been initiated by Marvell Technology, allowing the company to repurchase up to 7.8% of its outstanding shares, signaling confidence in its stock value.
• Marvell Technology's recent quarterly earnings report showed revenues of $2.01 billion, matching estimates and representing a 57.6% increase year-over-year.

Dakota Wealth Management lifted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 53.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,905 shares of the semiconductor company's stock after purchasing an additional 6,225 shares during the quarter. Dakota Wealth Management's holdings in Marvell Technology were worth $1,386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Perigon Wealth Management LLC boosted its position in shares of Marvell Technology by 28.4% in the 2nd quarter. Perigon Wealth Management LLC now owns 13,915 shares of the semiconductor company's stock worth $1,077,000 after buying an additional 3,074 shares in the last quarter. Well Done LLC lifted its holdings in Marvell Technology by 37.7% in the 2nd quarter. Well Done LLC now owns 2,804 shares of the semiconductor company's stock valued at $217,000 after purchasing an additional 768 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of Marvell Technology by 13.2% during the 2nd quarter. TD Private Client Wealth LLC now owns 26,356 shares of the semiconductor company's stock valued at $2,040,000 after acquiring an additional 3,068 shares during the last quarter. IMS Capital Management acquired a new position in shares of Marvell Technology during the 2nd quarter valued at about $591,000. Finally, Financial Management Professionals Inc. acquired a new position in shares of Marvell Technology during the 2nd quarter valued at about $49,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the transaction, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Willem A. Meintjes bought 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MRVL shares. UBS Group dropped their price objective on shares of Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Rosenblatt Securities dropped their target price on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Zacks Research raised shares of Marvell Technology from a "strong sell" rating to a "hold" rating in a research report on Wednesday. Raymond James Financial reissued an "outperform" rating and set a $90.00 target price (down previously from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Finally, Loop Capital dropped their target price on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Marvell Technology presently has a consensus rating of "Moderate Buy" and an average price target of $91.17.

Marvell Technology Stock Down 0.8%

Shares of NASDAQ:MRVL opened at $83.17 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The company has a 50 day moving average of $73.14 and a two-hundred day moving average of $67.63. The company has a market capitalization of $71.70 billion, a price-to-earnings ratio of -639.77, a price-to-earnings-growth ratio of 1.01 and a beta of 1.85.

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 (EPS) for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology's revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

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

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.06 per share. 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 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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