Marvell Technology, Inc. $MRVL Shares Sold by Huntleigh Advisors Inc.

Key Points

• Huntleigh Advisors Inc. reduced its stake in Marvell Technology by 5.8% during the second quarter, holding 48,300 shares valued at approximately $3.74 million after selling 2,985 shares.
• Marvell Technology reported a 57.6% increase in revenue year-over-year, achieving $2.01 billion in revenue and $0.67 EPS for the quarter.
• The company has authorized a $5 billion share repurchase program, indicating confidence in the stock's valuation, coupled with an announced $0.06 quarterly dividend scheduled for payment at the end of October.

Huntleigh Advisors Inc. cut its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,300 shares of the semiconductor company's stock after selling 2,985 shares during the quarter. Huntleigh Advisors Inc.'s holdings in Marvell Technology were worth $3,738,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new stake in Marvell Technology during the first quarter worth about $26,000. Rossby Financial LCC acquired a new stake in Marvell Technology during the first quarter worth about $27,000. Financial Connections Group Inc. increased its stake in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new stake in Marvell Technology during the second quarter worth about $27,000. Finally, Vision Financial Markets LLC acquired a new stake in Marvell Technology during the first quarter worth about $28,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Trading Down 0.3%

Shares of MRVL opened at $87.95 on Friday. The company has a market capitalization of $75.82 billion, a P/E ratio of -676.54, a P/E/G ratio of 1.08 and a beta of 1.94. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. 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 stock has a 50-day moving average price of $76.56 and a 200 day moving average price of $69.62.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts' consensus estimates of $0.67. The firm 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%.Marvell Technology's revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology declared that its board has approved a share repurchase 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 buy up to 7.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Marvell Technology Dividend Announcement

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

Insiders Place Their Bets

In other Marvell Technology news, CEO Matthew J. Murphy purchased 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer 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 position. The purchase was disclosed in a document filed 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 on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the chief financial officer owned 132,159 shares in the company, valued at $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 27,200 shares of company stock worth $2,109,632. Company insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MRVL shares. Weiss Ratings restated a "hold (c-)" rating on shares of Marvell Technology in a research note on Wednesday, October 8th. TD Cowen reiterated a "hold" rating and issued a $85.00 target price (down previously from $90.00) on shares of Marvell Technology in a research note on Wednesday, October 1st. Needham & Company LLC increased their target price on Marvell Technology from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, September 25th. Jefferies Financial Group lowered their target price on Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Finally, Cowen lowered Marvell Technology from a "buy" rating to a "hold" rating in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $93.06.

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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