R Squared Ltd Takes $511,000 Position in Marvell Technology, Inc. $MRVL

R Squared Ltd acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,605 shares of the semiconductor company’s stock, valued at approximately $511,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Game Plan Financial Advisors LLC purchased a new stake in shares of Marvell Technology during the second quarter valued at about $27,000. Kiker Wealth Management LLC lifted its position in Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 281 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in Marvell Technology in the first quarter valued at approximately $26,000. Financial Connections Group Inc. grew its holdings in Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 388 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its holdings in Marvell Technology by 786.0% in the second quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Bank of America restated a “neutral” rating and set a $78.00 target price (down from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. UBS Group lifted their price target on Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. TD Cowen restated a “hold” rating and issued a $85.00 price objective (down from $90.00) on shares of Marvell Technology in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft upped their target price on Marvell Technology from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, Rosenblatt Securities reduced their price target on shares of Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Activity

In other news, CEO Matthew J. Murphy bought 13,600 shares of Marvell Technology 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 completion of the purchase, the chief executive officer directly 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, with a total value of $265,302.00. Following the purchase, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 27,200 shares of company stock valued at $2,109,632 in the last ninety days. 0.19% of the stock is currently owned by company insiders.

Marvell Technology Stock Up 2.1%

MRVL stock opened at $82.77 on Friday. 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 50-day moving average of $76.97 and a two-hundred day moving average of $70.41. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a market cap of $71.36 billion, a price-to-earnings ratio of -636.69, a PEG ratio of 0.99 and a beta of 1.94.

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

Marvell Technology Announces Dividend

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%.

Marvell Technology announced that its Board of Directors has initiated a share repurchase program on Wednesday, September 24th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.