TD Private Client Wealth LLC Has $2.04 Million Stake in Marvell Technology, Inc. $MRVL

Key Points

• TD Private Client Wealth LLC increased its stake in Marvell Technology by 13.2%, bringing its total holdings to 26,356 shares valued at $2.04 million.
• Marvell Technology reported a quarterly earnings per share (EPS) of $0.67 and a revenue of $2.01 billion, matching analysts' estimates and showing a year-over-year revenue growth of 57.6%.
• The company announced a quarterly dividend of $0.06 per share, with a dividend payout ratio currently at -184.62%, indicating more earnings are being paid out than generated.

TD Private Client Wealth LLC raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 13.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,356 shares of the semiconductor company's stock after buying an additional 3,068 shares during the quarter. TD Private Client Wealth LLC's holdings in Marvell Technology were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MRVL. Hughes Financial Services LLC acquired a new position in Marvell Technology in the first quarter valued at about $26,000. Rossby Financial LCC acquired a new position in Marvell Technology in the first quarter valued at about $27,000. Financial Connections Group Inc. lifted 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 valued at $27,000 after buying an additional 388 shares during the period. Vision Financial Markets LLC acquired a new position in Marvell Technology in the first quarter valued at about $28,000. Finally, Security National Bank acquired a new position in Marvell Technology in the first quarter valued at about $31,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Stock Up 4.6%

NASDAQ:MRVL opened at $83.81 on Friday. 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 market cap of $72.25 billion, a PE ratio of -644.69, a PEG ratio of 0.97 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. The stock has a 50-day simple moving average of $72.97 and a 200 day simple moving average of $67.52.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 positive return on equity of 11.01% and a negative net margin of 1.43%.Marvell Technology's quarterly revenue was up 57.6% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be paid a $0.06 dividend. 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 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 purchase 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 Upgrades and Downgrades

MRVL has been the topic of a number of research analyst reports. Rosenblatt Securities dropped their price target on Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Piper Sandler reaffirmed an "overweight" rating and set a $85.00 price target (down previously from $95.00) on shares of Marvell Technology in a research report on Friday, May 30th. Deutsche Bank Aktiengesellschaft raised 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. Wall Street Zen raised Marvell Technology from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Loop Capital dropped their price target on Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.17.

Insider Transactions at Marvell Technology

In related news, insider Sandeep Bharathi purchased 3,400 shares of the firm's stock in a transaction on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the insider directly owned 73,392 shares in the company, valued at $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Chris Koopmans purchased 6,800 shares of the firm's 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 $530,604.00. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is owned by 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.

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.