Insider Buying: Marvell Technology (NASDAQ:MRVL) COO Purchases 6,800 Shares of Stock

Key Points

• Marvell Technology's COO, Chris Koopmans, purchased 6,800 shares at $78.03 each, totaling approximately $530,604, increasing his ownership stake by 6.94% to 104,825 shares.
• The company announced a $5 billion stock buyback program aimed at repurchasing up to 7.8% of its outstanding shares, indicating confidence in the stock's valuation.
• Marvell reported $2.01 billion in revenue for the last quarter, matching analysts' expectations, and a positive return on equity of 11.01%.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) COO Chris Koopmans bought 6,800 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the acquisition, the chief operating officer directly owned 104,825 shares of the company's stock, valued at approximately $8,179,494.75. The trade was a 6.94% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Marvell Technology Price Performance

Shares of MRVL stock traded up $2.60 during trading hours on Thursday, hitting $82.69. The stock had a trading volume of 28,523,021 shares, compared to its average volume of 19,484,063. 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 current ratio of 1.88 and a quick ratio of 1.44. The stock's 50-day moving average price is $72.74 and its two-hundred day moving average price is $67.39. The stock has a market capitalization of $71.29 billion, a price-to-earnings ratio of -636.72, a PEG ratio of 0.90 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting 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 previous year, the firm posted $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. Equities analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology announced that its Board of Directors has authorized a stock buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Marvell Technology Announces Dividend

The business 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 of this dividend is Friday, October 10th. Marvell Technology's payout ratio is presently -184.62%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays reissued an "overweight" rating and set a $80.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. UBS Group reduced their price objective on Marvell Technology from $110.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Needham & Company LLC boosted their price objective on Marvell Technology from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday. Morgan Stanley reduced their price objective on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock in a research note on Friday, August 29th. Finally, TD Cowen upped their target price on Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Game Plan Financial Advisors LLC bought a new position in Marvell Technology in the second quarter worth approximately $27,000. Kiker Wealth Management LLC grew its stake in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 281 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in Marvell Technology in the second quarter worth approximately $32,000. Hughes Financial Services LLC bought a new position in Marvell Technology in the first quarter worth approximately $26,000. Finally, Westside Investment Management Inc. grew its stake in Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 83.51% of the company's stock.

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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