Fortitude Advisory Group L.L.C. Takes $459,000 Position in Marvell Technology, Inc. $MRVL

Fortitude Advisory Group L.L.C. acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,928 shares of the semiconductor company’s stock, valued at approximately $459,000.

A number of other hedge funds have also recently made changes to their positions in MRVL. NBC Securities Inc. boosted its position in shares of Marvell Technology by 94,750.0% during the 1st quarter. NBC Securities Inc. now owns 1,897 shares of the semiconductor company’s stock worth $116,000 after purchasing an additional 1,895 shares during the period. Merit Financial Group LLC boosted its position in shares of Marvell Technology by 144.8% during the 1st quarter. Merit Financial Group LLC now owns 23,093 shares of the semiconductor company’s stock worth $1,422,000 after purchasing an additional 13,661 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Marvell Technology by 7.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 14,195 shares of the semiconductor company’s stock worth $874,000 after purchasing an additional 1,016 shares during the period. Procyon Advisors LLC boosted its position in shares of Marvell Technology by 7.2% during the 1st quarter. Procyon Advisors LLC now owns 8,323 shares of the semiconductor company’s stock worth $512,000 after purchasing an additional 556 shares during the period. Finally, Tealwood Asset Management Inc. purchased a new position in shares of Marvell Technology during the 1st quarter worth approximately $1,319,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy acquired 13,600 shares of the stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the transaction, the chief executive officer owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Willem A. Meintjes acquired 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. The trade was a 2.64% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 27,200 shares of company stock worth $2,109,632 in the last three months. Company insiders own 0.19% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $86.22 on Friday. The company’s fifty day moving average price is $74.27 and its 200 day moving average price is $68.15. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month 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 firm has a market capitalization of $74.33 billion, a P/E ratio of -663.23, a P/E/G ratio of 1.06 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last 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 predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology declared that its Board of Directors has initiated a stock buyback 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 repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Marvell Technology Dividend Announcement

The firm also recently disclosed 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. 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 dividend payout ratio (DPR) is presently -184.62%.

Wall Street Analysts Forecast Growth

MRVL has been the subject of a number of research analyst reports. Melius Research increased their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, June 18th. Wall Street Zen raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marvell Technology in a research report on Saturday, September 27th. Oppenheimer reiterated an “outperform” rating and set a $95.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Finally, Barclays reiterated an “overweight” rating and set a $80.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.67.

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.