Ethic Inc. Purchases 1,640 Shares of Marvell Technology, Inc. $MRVL

Ethic Inc. lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,900 shares of the semiconductor company’s stock after buying an additional 1,640 shares during the period. Ethic Inc.’s holdings in Marvell Technology were worth $3,464,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Hughes Financial Services LLC bought a new position in shares of Marvell Technology during the first quarter worth about $26,000. Rossby Financial LCC bought a new position in shares of Marvell Technology during the first quarter worth about $27,000. Financial Connections Group Inc. grew its holdings in shares of Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after buying an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC bought a new position in shares of Marvell Technology during the second quarter worth about $27,000. Finally, Vision Financial Markets LLC bought a new position in shares of Marvell Technology during the first quarter worth about $28,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Trading Up 2.1%

Marvell Technology stock opened at $82.77 on Friday. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The stock has a market capitalization of $71.36 billion, a P/E ratio of -636.69, a PEG ratio of 0.99 and a beta of 1.94. The stock has a 50-day simple moving average of $76.97 and a 200 day simple moving average of $70.41.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS 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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company posted $0.30 earnings per share. Marvell Technology’s quarterly revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be issued a dividend of $0.06 per share. 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 (DPR) is presently -184.62%.

Marvell Technology announced that its Board of Directors has initiated a stock buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MRVL shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Jefferies Financial Group decreased their price objective on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 29th. Cantor Fitzgerald restated a “neutral” rating and issued a $75.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Roth Capital restated a “buy” rating on shares of Marvell Technology in a report on Wednesday, October 15th. Finally, The Goldman Sachs Group assumed coverage on Marvell Technology in a report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.06.

Insiders Place Their Bets

In other Marvell Technology news, CEO Matthew J. Murphy purchased 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Chris Koopmans purchased 6,800 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $530,604.00. Following the acquisition, the chief operating officer directly 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 27,200 shares of company stock worth $2,109,632. Company insiders own 0.19% of the company’s stock.

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.