Marvell Technology, Inc. $MRVL Stock Holdings Lifted by Taylor Frigon Capital Management LLC

Key Points

• Taylor Frigon Capital Management LLC increased its stake in Marvell Technology by 16.5%, now holding 33,605 shares valued at approximately $2.6 million, making it the 22nd largest position in its portfolio.
• Marvell Technology has reported a 57.6% increase in quarterly revenue year-over-year, reaching $2.01 billion and matching analyst expectations for earnings per share.
• The company initiated a $5 billion stock repurchase plan, indicating confidence in its stock value, while also declaring a quarterly dividend of $0.06 per share.

Taylor Frigon Capital Management LLC lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 16.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,605 shares of the semiconductor company's stock after buying an additional 4,748 shares during the period. Marvell Technology accounts for approximately 1.4% of Taylor Frigon Capital Management LLC's holdings, making the stock its 22nd biggest position. Taylor Frigon Capital Management LLC's holdings in Marvell Technology were worth $2,601,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. SWS Partners raised its position in shares of Marvell Technology by 2.9% during the 2nd quarter. SWS Partners now owns 70,449 shares of the semiconductor company's stock worth $5,453,000 after purchasing an additional 1,973 shares during the period. Moss Adams Wealth Advisors LLC bought a new stake in shares of Marvell Technology during the 2nd quarter worth about $403,000. Hanson & Doremus Investment Management bought a new stake in Marvell Technology during the second quarter worth approximately $46,000. Washington Capital Management Inc. bought a new stake in shares of Marvell Technology in the 2nd quarter worth $743,000. Finally, V Square Quantitative Management LLC lifted its holdings in Marvell Technology by 1.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 11,032 shares of the semiconductor company's stock valued at $854,000 after acquiring an additional 177 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $83.17 on Monday. 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 company has a 50-day moving average of $73.14 and a 200-day moving average of $67.60. The company has a market capitalization of $71.70 billion, a price-to-earnings ratio of -639.77, a PEG ratio of 1.02 and a beta of 1.85. 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 issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the firm posted $0.30 EPS. Marvell Technology'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. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders 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 yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology's dividend payout ratio is currently -184.62%.

Marvell Technology declared that its board has initiated a stock repurchase plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently commented on MRVL. JPMorgan Chase & Co. cut their price objective on Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday. Jefferies Financial Group dropped their target price on Marvell Technology from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Needham & Company LLC raised their price target on shares of Marvell Technology from $80.00 to $95.00 and gave the company a "buy" rating in a report on Thursday. Finally, B. Riley reissued a "buy" rating and issued a $115.00 price objective (up from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.17.

Insider Buying and Selling at Marvell Technology

In related news, CEO Matthew J. Murphy acquired 13,600 shares of the stock in a transaction on Thursday, September 25th. The stock was purchased at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the transaction, the chief executive officer owned 268,637 shares of the company's stock, valued at $20,709,226.33. The trade was a 5.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Willem A. Meintjes acquired 3,400 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer directly 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. Insiders purchased 27,200 shares of company stock worth $2,109,632 over the last 90 days. Company insiders own 0.33% of the company's stock.

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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