Opal Wealth Advisors LLC Acquires 786 Shares of Marvell Technology, Inc. $MRVL

Opal Wealth Advisors LLC boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 79.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,775 shares of the semiconductor company’s stock after purchasing an additional 786 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Marvell Technology were worth $137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new stake in Marvell Technology in the fourth quarter valued at about $45,000. Hughes Financial Services LLC bought a new stake in shares of Marvell Technology in the 1st quarter valued at about $26,000. Financial Connections Group Inc. increased its stake in shares of Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 388 shares during the last quarter. Rossby Financial LCC bought a new stake in Marvell Technology in the first quarter valued at approximately $27,000. Finally, Vision Financial Markets LLC bought a new stake in Marvell Technology in the first quarter valued at approximately $28,000. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark Casper sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares of the company’s stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.33% of the company’s stock.

Marvell Technology Stock Down 1.2%

MRVL stock opened at $74.62 on Wednesday. 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 firm has a market capitalization of $64.33 billion, a PE ratio of -574.00, a PEG ratio of 0.91 and a beta of 1.85. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The business’s 50 day simple moving average is $72.55 and its 200 day simple moving average is $67.30.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the firm earned $0.30 EPS. The firm’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. As a group, research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be paid a $0.06 dividend. 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 -184.62%.

Analyst Ratings Changes

Several brokerages have commented on MRVL. UBS Group lowered their target price on shares of Marvell Technology from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Jefferies Financial Group lowered their price target on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 29th. Susquehanna lowered their price target on Marvell Technology from $110.00 to $90.00 and set a “positive” rating for the company in a report on Tuesday, May 27th. Raymond James Financial reissued an “outperform” rating and set a $90.00 target price (down from $110.00) on shares of Marvell Technology in a research note on Friday, May 30th. Finally, The Goldman Sachs Group began coverage on shares of Marvell Technology in a report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.50.

About Marvell Technology

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.