Sandeep Bharathi Acquires 3,400 Shares of Marvell Technology (NASDAQ:MRVL) Stock

Key Points

• Sandeep Bharathi acquired 3,400 shares of Marvell Technology stock, increasing his total holdings to 73,392 shares, valued at approximately $5.7 million after a transaction of $265,302.
• Marvell Technology's stock price rose to $82.69, representing a 3.3% increase during trading, with a trading volume significantly higher than its average.
• The company announced a quarterly dividend of $0.06 per share, and authorized a $5 billion stock repurchase program, indicating confidence in the company's valuation.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) insider Sandeep Bharathi bought 3,400 shares of the business's stock in a transaction dated 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 purchase, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Marvell Technology Stock Up 3.3%

Shares of Marvell Technology stock traded up $2.60 during trading on Thursday, reaching $82.69. The company had a trading volume of 28,523,021 shares, compared to its average volume of 19,484,063. The company has a market cap of $71.29 billion, a price-to-earnings ratio of -636.72, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. The firm's fifty day moving average is $72.74 and its 200-day moving average is $67.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology's quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald reiterated a "neutral" rating and set a $75.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. KeyCorp dropped their price objective on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. China Renaissance started coverage on shares of Marvell Technology in a research report on Thursday, June 5th. They issued a "buy" rating and a $110.00 target price for the company. Bank of America restated a "neutral" rating and issued a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $91.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its holdings in Marvell Technology by 18.4% during the fourth quarter. Toronto Dominion Bank now owns 147,803 shares of the semiconductor company's stock worth $16,325,000 after buying an additional 22,937 shares in the last quarter. Keystone Financial Services LLC bought a new stake in Marvell Technology during the fourth quarter worth approximately $224,000. Thoma Capital Management LLC bought a new stake in Marvell Technology during the fourth quarter worth approximately $883,000. 111 Capital bought a new stake in Marvell Technology during the fourth quarter worth approximately $2,770,000. Finally, Mascagni Wealth Management Inc. bought a new stake in Marvell Technology during the fourth quarter worth approximately $131,000. 83.51% of the stock is currently owned by institutional investors.

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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