Wealthcare Advisory Partners LLC Raises Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Wealthcare Advisory Partners LLC increased its holdings in Marvell Technology by 95.0% in Q2, now owning 10,368 shares valued at $802,000.
• Marvell Technology's CEO, Matthew J. Murphy, purchased 13,600 shares at an average price of $77.09, increasing his stake by 5.33%.
• The company announced a quarterly dividend of $0.06 per share, with an upcoming payout date of October 30th, and initiated a $5.00 billion stock buyback plan.

Wealthcare Advisory Partners LLC lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 95.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,368 shares of the semiconductor company's stock after acquiring an additional 5,051 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Marvell Technology were worth $802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MRVL. Harbor Capital Advisors Inc. raised its holdings in Marvell Technology by 0.8% during the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company's stock worth $1,544,000 after purchasing an additional 151 shares during the last quarter. CHICAGO TRUST Co NA increased its position in shares of Marvell Technology by 3.5% in the second quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company's stock valued at $364,000 after buying an additional 158 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Marvell Technology by 3.5% during the 1st quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company's stock worth $295,000 after buying an additional 161 shares during the last quarter. PFG Investments LLC boosted its position in shares of Marvell Technology by 2.6% in the 2nd quarter. PFG Investments LLC now owns 6,757 shares of the semiconductor company's stock worth $523,000 after buying an additional 174 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake in Marvell Technology by 1.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 11,032 shares of the semiconductor company's stock valued at $854,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Zacks Research upgraded shares of Marvell Technology from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 24th. Cowen downgraded Marvell Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, September 30th. TD Cowen reiterated a "hold" rating and set a $85.00 target price (down previously from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Melius Research boosted their price target on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, June 18th. Finally, B. Riley reaffirmed a "buy" rating and set a $115.00 price objective (up previously from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and a consensus target price of $91.67.

Insider Buying and Selling

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 price of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares in the company, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the completion of the transaction, the insider owned 73,392 shares in the company, valued at $5,726,777.76. This trade represents a 4.86% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is owned by corporate insiders.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $92.50 on Thursday. The business's fifty day moving average price is $74.95 and its 200 day moving average price is $68.55. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $79.74 billion, a P/E ratio of -711.54, a PEG ratio of 1.06 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released 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. The company had revenue of $2.01 billion for 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%.The company's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology's payout ratio is currently -184.62%.

Marvell Technology announced that its Board of Directors has initiated a stock buyback plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

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.

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