Stanley Laman Group Ltd. Acquires 10,344 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Stanley Laman Group Ltd. increased its stake in Marvell Technology by 25.6%, acquiring an additional 10,344 shares, bringing its total holdings to 50,700 shares worth approximately $3.92 million.
• Marvell Technology recently announced a quarterly dividend of $0.06 per share, with a yield of 0.3%, and authorized a $5 billion share repurchase plan.
• The company reported quarterly earnings of $0.67 EPS, matching analysts' expectations, with a 57.6% year-over-year revenue increase to $2.01 billion.

Stanley Laman Group Ltd. boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 25.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,700 shares of the semiconductor company's stock after purchasing an additional 10,344 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Marvell Technology were worth $3,924,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Hughes Financial Services LLC bought a new stake in Marvell Technology in the first quarter worth $26,000. Rossby Financial LCC purchased a new stake in shares of Marvell Technology in the first quarter worth approximately $27,000. Financial Connections Group Inc. lifted its stake 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 worth $27,000 after acquiring an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC bought a new position in Marvell Technology in the 2nd quarter worth about $27,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Marvell Technology during the first quarter valued at approximately $28,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Trading Down 0.3%

Shares of Marvell Technology stock opened at $87.95 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The stock's 50 day simple moving average is $76.56 and its 200-day simple moving average is $69.62. The stock has a market cap 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 1-year low of $47.08 and a 1-year high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $0.30 earnings per share. The firm's 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. Analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company 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 dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology's dividend payout ratio (DPR) is currently -184.62%.

Marvell Technology declared that its board has authorized a share 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 repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MRVL shares. Weiss Ratings restated 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 report on Friday, August 29th. Deutsche Bank Aktiengesellschaft upped their price target on Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, September 25th. The Goldman Sachs Group initiated coverage on shares of Marvell Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $75.00 price target on the stock. Finally, Summit Redstone set a $105.00 price objective on Marvell Technology in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.06.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy bought 13,600 shares of the business's stock in a transaction dated Thursday, September 25th. The shares were acquired at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the acquisition, the chief executive officer directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Willem A. Meintjes acquired 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of 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 position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by corporate insiders.

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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