Wealth Advisory Solutions LLC Purchases Shares of 52,585 Marvell Technology, Inc. $MRVL

Key Points

• Wealth Advisory Solutions LLC purchased 52,585 shares of Marvell Technology, valued at approximately $4,070,000, making it the firm's 25th largest holding.
• Institutional investors own 83.51% of Marvell Technology's stock, with significant increases in holdings from firms like Nuveen LLC and Goldman Sachs Group Inc. in the first quarter.
• Marvell Technology announced a quarterly dividend of $0.06, with an annualized yield of 0.3%, and reported a negative net margin of 1.43% along with a revenue increase of 57.6% year-over-year.

Wealth Advisory Solutions LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 52,585 shares of the semiconductor company's stock, valued at approximately $4,070,000. Marvell Technology makes up 1.0% of Wealth Advisory Solutions LLC's investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors have also recently made changes to their positions in MRVL. Nuveen LLC acquired a new position in shares of Marvell Technology in the first quarter valued at approximately $399,587,000. Goldman Sachs Group Inc. grew its holdings in shares of Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after purchasing an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Marvell Technology by 748.3% in the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock valued at $227,033,000 after purchasing an additional 3,264,557 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock valued at $187,566,000 after purchasing an additional 2,710,894 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Marvell Technology by 8,128.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock valued at $151,515,000 after purchasing an additional 2,430,945 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, the executive vice president directly owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.33% of the company's stock.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $75.53 on Tuesday. The company has a 50-day simple moving average of $72.51 and a 200-day simple moving average of $67.25. 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 capitalization of $65.11 billion, a price-to-earnings ratio of -581.00, a PEG ratio of 0.90 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts' consensus estimates of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The business'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. On average, analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology's dividend payout ratio is presently -184.62%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MRVL shares. Loop Capital dropped their price objective on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 30th. TD Cowen lifted their price target on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $75.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. China Renaissance assumed coverage on shares of Marvell Technology in a research note on Thursday, June 5th. They issued a "buy" rating and a $110.00 price target for the company. Finally, UBS Group decreased their price target on shares of Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Two investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.50.

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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