Wolff Wiese Magana LLC Sells 8,621 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Wolff Wiese Magana LLC has reduced its stake in Marvell Technology by 51.9%, selling 8,621 shares and now holds 7,990 shares worth approximately $618,000.
• Marvell Technology announced a quarterly dividend of $0.06 per share, with a dividend yield of 0.3%, to be paid on October 30th.
• Marvell Technology reported a 57.6% increase in revenue year-over-year, totaling $2.01 billion, and earnings per share of $0.67 for the last quarter.

Wolff Wiese Magana LLC decreased its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 51.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,990 shares of the semiconductor company's stock after selling 8,621 shares during the period. Wolff Wiese Magana LLC's holdings in Marvell Technology were worth $618,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Moss Adams Wealth Advisors LLC bought a new stake in Marvell Technology in the second quarter worth about $403,000. Hanson & Doremus Investment Management bought a new stake in Marvell Technology in the 2nd quarter valued at about $46,000. Washington Capital Management Inc. bought a new position in Marvell Technology during the second quarter worth about $743,000. V Square Quantitative Management LLC boosted its position in Marvell Technology by 1.6% during the second quarter. V Square Quantitative Management LLC now owns 11,032 shares of the semiconductor company's stock worth $854,000 after purchasing an additional 177 shares during the period. Finally, Independence Bank of Kentucky increased its stake in shares of Marvell Technology by 147.5% in the second quarter. Independence Bank of Kentucky now owns 5,755 shares of the semiconductor company's stock worth $445,000 after purchasing an additional 3,430 shares in the last quarter. Institutional investors own 83.51% of the company's stock.

Marvell Technology Trading Down 0.8%

Shares of MRVL opened at $83.17 on Monday. The business's 50-day moving average price is $73.14 and its 200-day moving average price is $67.60. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The stock has a market cap of $71.70 billion, a PE ratio of -639.77, a P/E/G ratio of 1.02 and a beta of 1.85. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting the consensus estimate 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 analysts' expectations of $2.01 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The company's revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Marvell Technology declared that its board has authorized a stock buyback program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MRVL. Benchmark reiterated a "buy" rating and issued a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Bank of America reiterated a "neutral" rating and issued a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. B. Riley reiterated a "buy" rating and issued a $115.00 target price (up previously from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Rosenblatt Securities reduced their target price on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Finally, The Goldman Sachs Group began coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $75.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.17.

Insider Buying and Selling

In related news, COO Chris Koopmans acquired 6,800 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the transaction, the chief operating officer owned 104,825 shares in the company, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sandeep Bharathi acquired 3,400 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the insider owned 73,392 shares of the company's stock, valued at $5,726,777.76. The trade was a 4.86% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 27,200 shares of company stock valued at $2,109,632 in the last 90 days. 0.33% of the stock is owned by company 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.

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