Yarger Wealth Strategies LLC Purchases New Position in Marvell Technology, Inc. $MRVL

Yarger Wealth Strategies LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the second quarter, according to its most recent filing with the SEC. The firm purchased 3,264 shares of the semiconductor company’s stock, valued at approximately $253,000.

Other hedge funds have also modified their holdings of the company. Hughes Financial Services LLC acquired a new stake in shares of Marvell Technology in the 1st quarter valued at approximately $26,000. Rossby Financial LCC acquired a new stake in shares of Marvell Technology in the 1st quarter valued at approximately $27,000. Financial Connections Group Inc. raised its position in shares of Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 388 shares during the period. Game Plan Financial Advisors LLC bought a new stake in Marvell Technology during the 2nd quarter worth approximately $27,000. Finally, Vision Financial Markets LLC bought a new stake in Marvell Technology during the 1st quarter worth approximately $28,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marvell Technology

In other news, CEO Matthew J. Murphy bought 13,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was 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 owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Willem A. Meintjes bought 3,400 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This represents a 2.64% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology Price Performance

Shares of MRVL opened at $85.61 on Monday. The stock has a market capitalization of $73.80 billion, a P/E ratio of -658.54, a P/E/G ratio of 1.05 and a beta of 1.94. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a 50 day moving average of $75.38 and a 200-day moving average of $68.82. 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 (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business’s quarterly revenue was up 57.6% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

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

Marvell Technology Dividend Announcement

The firm 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 dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is currently -184.62%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MRVL shares. UBS Group lowered their target price on Marvell Technology from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Rosenblatt Securities lowered their target price on Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Zacks Research raised Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. JPMorgan Chase & Co. lowered their target price on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Finally, Morgan Stanley lowered their target price on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and an average price target of $92.33.

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.