Marvell Technology, Inc. $MRVL Shares Sold by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY reduced its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 27.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,608 shares of the semiconductor company’s stock after selling 998 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Marvell Technology were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MRVL. Richards Merrill & Peterson Inc. raised its position in shares of Marvell Technology by 4.0% during the 2nd quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 139 shares during the period. Retirement Planning Group LLC NY increased its position in Marvell Technology by 4.0% in the second quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock worth $288,000 after buying an additional 142 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Marvell Technology by 0.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock worth $1,544,000 after acquiring an additional 151 shares during the period. CHICAGO TRUST Co NA increased its stake in shares of Marvell Technology by 3.5% in the second quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 158 shares during the period. Finally, Synovus Financial Corp increased its position in Marvell Technology by 3.5% in the 1st quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company’s stock valued at $295,000 after acquiring an additional 161 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $88.71 on Tuesday. The company’s fifty day moving average is $77.37 and its two-hundred day moving average is $71.05. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. 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 $76.48 billion, a P/E ratio of -682.38, a price-to-earnings-growth ratio of 1.03 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 earnings per share for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared 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. 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 -184.62%.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wall Street Zen raised Marvell Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Cantor Fitzgerald reissued a “neutral” rating and issued a $75.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. The Goldman Sachs Group began coverage on Marvell Technology in a report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 price target on the stock. TD Cowen reaffirmed a “hold” rating and set a $85.00 target price (down from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. cut their target price on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. 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, the company has an average rating of “Moderate Buy” and an average target price of $93.06.

Insider Transactions at Marvell Technology

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

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.