Stratos Wealth Partners LTD. Raises Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Stratos Wealth Partners LTD. increased its stakes in Marvell Technology by 16.6% during Q2, now owning 23,787 shares valued at approximately $1.84 million.
• Marvell Technology reported $2.01 billion in quarterly revenue, matching analyst expectations, and is experiencing a significant 57.6% increase compared to the same quarter last year.
• The company announced a quarterly dividend of $0.06 per share amid a $5 billion share buyback plan, indicating a belief that its stock is undervalued.

Stratos Wealth Partners LTD. boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 16.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,787 shares of the semiconductor company's stock after buying an additional 3,395 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Marvell Technology were worth $1,841,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MRVL. Hughes Financial Services LLC purchased a new position in Marvell Technology during the first quarter valued at approximately $26,000. Rossby Financial LCC purchased a new position in Marvell Technology during the first quarter valued at approximately $27,000. Financial Connections Group Inc. increased its holdings in Marvell Technology by 776.0% during the first 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. Game Plan Financial Advisors LLC purchased a new position in Marvell Technology during the second quarter valued at approximately $27,000. Finally, Vision Financial Markets LLC purchased a new position in 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.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MRVL shares. JPMorgan Chase & Co. cut their price target on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Wells Fargo & Company cut their price target on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Summit Redstone set a $105.00 price target on shares of Marvell Technology in a report on Wednesday, October 15th. TD Cowen reaffirmed a "hold" rating and issued a $85.00 price target (down from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Finally, Roth Capital reaffirmed a "buy" rating on shares of Marvell Technology in a report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $93.06.

Marvell Technology Stock Performance

Shares of MRVL opened at $85.84 on Tuesday. The stock has a 50-day moving average of $76.73 and a two-hundred day moving average of $70.02. 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 market cap of $74.00 billion, a P/E ratio of -660.31, a P/E/G ratio of 1.07 and a beta of 1.94.

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, 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 company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. 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. As a group, research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be given a dividend of $0.06 per share. 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 payout ratio is currently -184.62%.

Marvell Technology declared that its Board of Directors has initiated a stock buyback plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi purchased 3,400 shares of the stock in a transaction 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 insider owned 73,392 shares in the company, valued at $5,726,777.76. The trade was a 4.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes purchased 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares in the company, valued at $10,312,366.77. This trade represents a 2.64% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is owned by insiders.

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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