Moors & Cabot Inc. Buys 12,889 Shares of Marvell Technology, Inc. $MRVL

Moors & Cabot Inc. boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 186.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,802 shares of the semiconductor company’s stock after buying an additional 12,889 shares during the quarter. Moors & Cabot Inc.’s holdings in Marvell Technology were worth $1,533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MRVL. Richards Merrill & Peterson Inc. increased 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 in the last quarter. Retirement Planning Group LLC NY boosted its holdings in shares of Marvell Technology by 4.0% in the 2nd quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 142 shares in the last quarter. Harbor Capital Advisors Inc. boosted 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 in the last quarter. Mayflower Financial Advisors LLC grew its position in Marvell Technology by 3.4% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,579 shares of the semiconductor company’s stock worth $354,000 after acquiring an additional 151 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its holdings in Marvell Technology by 3.5% during the 2nd 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 in the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology Price Performance

MRVL opened at $93.33 on Friday. The company has a fifty day moving average price of $80.14 and a two-hundred day moving average price of $73.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The firm has a market capitalization of $80.46 billion, a PE ratio of -717.92, a P/E/G ratio of 1.10 and a beta of 1.95.

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 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%.The company’s quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. 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 earnings per share for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, October 10th. Marvell Technology’s dividend payout ratio is -184.62%.

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

Analyst Ratings Changes

MRVL has been the subject of several research analyst reports. TD Cowen reiterated a “hold” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. JPMorgan Chase & Co. cut their price target on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Bank of America reiterated a “neutral” rating and set a $78.00 target price (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $75.00 price target on shares of Marvell Technology in a research note 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi acquired 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the insider owned 73,392 shares in the company, valued at $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew J. Murphy purchased 13,600 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were acquired 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 in the company, valued at approximately $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 27,200 shares of company stock worth $2,109,632. Company insiders own 0.19% of the company’s stock.

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.