SilverOak Wealth Management LLC Purchases New Position in Marvell Technology, Inc. $MRVL

Key Points

• SilverOak Wealth Management LLC has acquired a new position in Marvell Technology, purchasing 4,235 shares valued at approximately $328,000 during the second quarter.
• Marvell Technology announced a $5.00 billion stock buyback program, indicating confidence from the board in the stock's valuation.
• The company's recent earnings report showed revenue growth of 57.6% year-over-year, hitting $2.01 billion and matching analyst expectations.

SilverOak Wealth Management LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,235 shares of the semiconductor company's stock, valued at approximately $328,000.

Other large investors have also recently modified their holdings of the company. Hughes Financial Services LLC purchased a new stake in shares of Marvell Technology in the first quarter valued at approximately $26,000. Rossby Financial LCC bought a new position in Marvell Technology in the first quarter worth approximately $27,000. Financial Connections Group Inc. raised its stake in Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after buying an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC bought a new position in Marvell Technology in the second quarter worth approximately $27,000. Finally, Vision Financial Markets LLC bought a new position in Marvell Technology in the first quarter worth approximately $28,000. Hedge funds and other institutional investors own 83.51% of the company's stock.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $88.23 on Friday. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $76.06 billion, a PE ratio of -678.69, a price-to-earnings-growth ratio of 1.08 and a beta of 1.94. The stock's 50-day moving average price is $76.35 and its 200-day moving average price is $69.45.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations 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 quarterly revenue was up 57.6% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be paid 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 (DPR) is currently -184.62%.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MRVL shares. Evercore ISI reduced their price objective on shares of Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, August 29th. Rosenblatt Securities reduced their price objective on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Marvell Technology in a research note on Wednesday, October 8th. BNP Paribas raised shares of Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $75.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Two investment 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. According to MarketBeat, Marvell Technology currently has an average rating of "Moderate Buy" and an average target price of $93.06.

Insider Activity at Marvell Technology

In related news, CEO Matthew J. Murphy purchased 13,600 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares of the company's stock, valued at $20,709,226.33. This represents a 5.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Willem A. Meintjes purchased 3,400 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. This represents a 2.64% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is owned by corporate insiders.

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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