2,500 Shares in Marvell Technology, Inc. $MRVL Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 2nd quarter, HoldingsChannel reports. The firm acquired 2,500 shares of the semiconductor company’s stock, valued at approximately $193,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advantage Trust Co increased its position in Marvell Technology by 122.7% during the second quarter. Advantage Trust Co now owns 1,806 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 995 shares during the last quarter. Whittier Trust Co. increased its position in shares of Marvell Technology by 90.2% during the 2nd quarter. Whittier Trust Co. now owns 1,265 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 600 shares during the last quarter. Triton Financial Group Inc acquired a new stake in shares of Marvell Technology during the 2nd quarter worth about $1,543,000. Pittenger & Anderson Inc. acquired a new stake in shares of Marvell Technology during the 2nd quarter worth about $1,398,000. Finally, Phoenix Financial Ltd. increased its position in shares of Marvell Technology by 233.1% during the 2nd quarter. Phoenix Financial Ltd. now owns 35,190 shares of the semiconductor company’s stock worth $2,723,000 after purchasing an additional 24,627 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $81.05 on Thursday. The company has a market cap of $69.87 billion, a P/E ratio of -623.46, a P/E/G ratio of 1.03 and a beta of 1.94. 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 has a 50-day moving average of $76.90 and a two-hundred day moving average of $70.19. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.Marvell Technology’s revenue was up 57.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is presently -184.62%.

Marvell Technology declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently issued reports on MRVL shares. Barclays reissued an “equal weight” rating and set a $80.00 price objective on shares of Marvell Technology in a research report on Monday. JPMorgan Chase & Co. cut their price objective on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Cowen downgraded Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Jefferies Financial Group cut their price objective on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Finally, Needham & Company LLC raised their price objective on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.06.

Insider Buying and Selling

In related news, CFO Willem A. Meintjes acquired 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the chief financial officer owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This represents a 2.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sandeep Bharathi acquired 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the purchase, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is owned by corporate insiders.

Marvell Technology 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.