Adell Harriman & Carpenter Inc. Lowers Stock Position in Marvell Technology, Inc. $MRVL

Adell Harriman & Carpenter Inc. lessened its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 6.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 109,608 shares of the semiconductor company’s stock after selling 7,955 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Marvell Technology were worth $8,484,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Taylor Frigon Capital Management LLC lifted its stake in Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after acquiring an additional 4,748 shares in the last quarter. BOCHK Asset Management Ltd acquired a new position in Marvell Technology during the 2nd quarter worth about $1,486,000. Westbourne Investments Inc. lifted its stake in Marvell Technology by 442.4% during the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after acquiring an additional 17,695 shares in the last quarter. Triton Financial Group Inc acquired a new position in Marvell Technology during the 2nd quarter worth about $1,543,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in Marvell Technology during the 2nd quarter worth about $1,618,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

MRVL has been the topic of several research reports. Roth Capital reissued a “buy” rating on shares of Marvell Technology in a research note on Wednesday, October 15th. Cantor Fitzgerald reissued a “neutral” rating and set a $75.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Jefferies Financial Group decreased their target price on Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Morgan Stanley reduced their price target on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Friday, August 29th. Finally, Rosenblatt Securities reduced their price target on Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.06.

Marvell Technology Price Performance

MRVL stock opened at $90.15 on Thursday. 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 $77.72 billion, a P/E ratio of -693.46, a P/E/G ratio of 1.08 and a beta of 1.94. The business’s 50-day moving average is $78.08 and its two-hundred day moving average is $71.56. 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 quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue for the quarter 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 anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be issued a $0.06 dividend. The ex-dividend date 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 presently -184.62%.

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

Insiders Place Their Bets

In other Marvell Technology news, CEO Matthew J. Murphy acquired 13,600 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the acquisition, the chief executive officer owned 268,637 shares in the company, valued at $20,709,226.33. The trade was a 5.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Willem A. Meintjes acquired 3,400 shares of the company’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 acquisition, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 27,200 shares of company stock worth $2,109,632. Insiders own 0.19% of the company’s stock.

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.