Yarger Wealth Strategies LLC Purchases Shares of 3,264 Marvell Technology, Inc. $MRVL

Key Points

• Yarger Wealth Strategies LLC has acquired a new stake in Marvell Technology, purchasing 3,264 shares valued at approximately $253,000.
• Institutional investors hold 83.51% of Marvell Technology's stock, with several firms recently increasing their positions in the company.
• Marvell Technology reported earnings of $0.67 EPS for the last quarter, which met analysts' expectations, and announced a $5 billion share repurchase plan aimed at boosting shareholder value.

Yarger Wealth Strategies LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,264 shares of the semiconductor company's stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MRVL. Retirement Planning Group LLC NY grew its holdings in shares of Marvell Technology by 4.0% in the 2nd quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company's stock worth $288,000 after purchasing an additional 142 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Marvell Technology by 5.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 80,445 shares of the semiconductor company's stock worth $6,227,000 after purchasing an additional 4,117 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Marvell Technology by 96.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 20,048 shares of the semiconductor company's stock worth $1,552,000 after purchasing an additional 9,864 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of Marvell Technology by 56.1% in the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 13,142 shares of the semiconductor company's stock worth $1,017,000 after purchasing an additional 4,723 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in shares of Marvell Technology by 41.0% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 54,166 shares of the semiconductor company's stock worth $4,192,000 after purchasing an additional 15,740 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Wall Street Analyst Weigh In

MRVL has been the topic of several analyst reports. Wells Fargo & Company lowered their target price 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. BNP Paribas raised shares of Marvell Technology to a "strong-buy" rating in a report on Friday, August 29th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, September 25th. Jefferies Financial Group reduced their price target on shares of Marvell Technology from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Finally, Rosenblatt Securities reduced their price target on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, Marvell Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.33.

Marvell Technology Stock Down 5.6%

Shares of NASDAQ MRVL opened at $85.61 on Monday. 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, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a market cap of $73.80 billion, a price-to-earnings ratio of -658.54, a price-to-earnings-growth ratio of 1.05 and a beta of 1.94. The firm's 50-day simple moving average is $75.38 and its 200 day simple moving average is $68.82.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (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 company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company posted $0.30 EPS. The company'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, research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced 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 is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology's dividend payout ratio is presently -184.62%.

Marvell Technology announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy bought 13,600 shares of the business's stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the transaction, the chief executive officer owned 268,637 shares in the company, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Chris Koopmans bought 6,800 shares of the business's stock in a transaction on Thursday, September 25th. The shares were acquired at an average price 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 position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 27,200 shares of company stock worth $2,109,632. Insiders own 0.19% of the company's stock.

Marvell Technology 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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