Smith Salley Wealth Management Grows Stock Position in Marvell Technology, Inc. $MRVL

Smith Salley Wealth Management increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 27.7% during the second quarter, Holdings Channel.com reports. The firm owned 283,812 shares of the semiconductor company’s stock after purchasing an additional 61,486 shares during the quarter. Marvell Technology accounts for approximately 1.3% of Smith Salley Wealth Management’s holdings, making the stock its 25th largest position. Smith Salley Wealth Management’s holdings in Marvell Technology were worth $21,967,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MRVL. Vanguard Group Inc. lifted its holdings in shares of Marvell Technology by 1.9% in the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company’s stock valued at $3,926,326,000 after purchasing an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after buying an additional 5,050,159 shares in the last quarter. Brown Advisory Inc. raised its stake in Marvell Technology by 2.2% in the first quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company’s stock valued at $1,188,333,000 after purchasing an additional 423,892 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Marvell Technology by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company’s stock valued at $562,991,000 after buying an additional 227,555 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in Marvell Technology by 6.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company’s stock valued at $478,794,000 after purchasing an additional 488,610 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Trading Down 0.8%

Marvell Technology stock opened at $83.17 on Friday. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a market cap of $71.70 billion, a P/E ratio of -639.77, a P/E/G ratio of 1.01 and a beta of 1.85. The company’s fifty day simple moving average is $73.14 and its 200-day simple moving average is $67.61.

Marvell Technology (NASDAQ:MRVL) 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. 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 analyst estimates of $2.01 billion. During the same period in the previous year, the business earned $0.30 EPS. Marvell Technology’s revenue for the quarter 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, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal 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 Dividend Announcement

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

Insider Activity at Marvell Technology

In other news, COO Chris Koopmans bought 6,800 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, with a total value of $530,604.00. Following the purchase, the chief operating officer owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew J. Murphy bought 13,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 27,200 shares of company stock valued at $2,109,632 in the last quarter. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

MRVL has been the subject of several recent analyst reports. Barclays restated an “overweight” rating and issued a $80.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Melius Research increased their price target on shares of Marvell Technology from $67.00 to $76.00 and gave the company a “hold” rating in a research report on Wednesday, June 18th. B. Riley reissued a “buy” rating and set a $115.00 target price (up from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, The Goldman Sachs Group began coverage on shares of Marvell Technology in a research report on Thursday, July 10th. They set a “neutral” rating and a $75.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.17.

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.