Simplicity Wealth LLC Invests $425,000 in Marvell Technology, Inc. $MRVL

Key Points

• Simplicity Wealth LLC has invested $425,000 in Marvell Technology by acquiring 5,486 shares of the semiconductor company during the 2nd quarter of the year.
• Marvell Technology's quarterly revenue has increased by 57.6% year-over-year, with reported earnings per share (EPS) matching the consensus estimate at $0.67.
• The company has recently announced a $5 billion share buyback program, indicating management's belief that its stock is undervalued; it also plans to pay a quarterly dividend of $0.06 per share starting October 30th.

Simplicity Wealth LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,486 shares of the semiconductor company's stock, valued at approximately $425,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hughes Financial Services LLC purchased a new stake in shares of Marvell Technology during the 1st quarter valued at approximately $26,000. Financial Connections Group Inc. raised its position in shares of Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after buying an additional 388 shares during the period. DiNuzzo Private Wealth Inc. raised its position in shares of Marvell Technology by 786.0% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company's stock valued at $34,000 after buying an additional 393 shares during the period. Rossby Financial LCC purchased a new stake in shares of Marvell Technology during the 1st quarter valued at approximately $27,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Marvell Technology during the 1st quarter valued at approximately $28,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $92.50 on Thursday. The company has a fifty day simple moving average of $74.95 and a two-hundred day simple moving average of $68.55. The company has a market cap of $79.74 billion, a price-to-earnings ratio of -711.54, a price-to-earnings-growth ratio of 1.06 and a beta of 1.94. 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.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The business 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%. The company's quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities 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 announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology's payout ratio is presently -184.62%.

Marvell Technology declared that its Board of Directors has approved a share repurchase program on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

MRVL has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued a "neutral" rating and issued a $75.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Marvell Technology in a research report on Wednesday. Needham & Company LLC boosted their target price on Marvell Technology from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, September 25th. Benchmark reissued a "buy" rating and issued a $95.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Evercore ISI cut their target price on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Marvell Technology has an average rating of "Moderate Buy" and an average target price of $91.67.

Insider Activity

In related news, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction on Friday, July 18th. The shares were 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 owned 17,163 shares in the company, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Chris Koopmans bought 6,800 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $530,604.00. Following the purchase, the chief operating officer owned 104,825 shares of the company's stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 27,200 shares of company stock valued at $2,109,632. Insiders own 0.19% of the company's stock.

Marvell Technology 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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