Marvell Technology, Inc. $MRVL Stake Reduced by Apollon Wealth Management LLC

Apollon Wealth Management LLC reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 8.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 32,347 shares of the semiconductor company’s stock after selling 3,035 shares during the period. Apollon Wealth Management LLC’s holdings in Marvell Technology were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Taylor Frigon Capital Management LLC grew its stake in shares of Marvell Technology by 16.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after purchasing an additional 4,748 shares in the last quarter. BOCHK Asset Management Ltd bought a new position in shares of Marvell Technology in the second quarter worth $1,486,000. Westbourne Investments Inc. grew its stake in shares of Marvell Technology by 442.4% in the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after purchasing an additional 17,695 shares in the last quarter. Family Legacy Financial Solutions LLC bought a new position in shares of Marvell Technology in the second quarter worth $1,618,000. Finally, Siren L.L.C. grew its stake in shares of Marvell Technology by 636.2% in the first quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company’s stock worth $2,266,000 after purchasing an additional 31,808 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MRVL. Cantor Fitzgerald reissued a “neutral” rating and issued a $75.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Barclays restated an “overweight” rating and issued a $80.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Jefferies Financial Group cut their price objective on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 29th. Cowen lowered Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average price target of $92.33.

Marvell Technology Trading Down 5.6%

NASDAQ:MRVL opened at $85.61 on Monday. 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 1-year low of $47.08 and a 1-year high of $127.48. The firm has a market capitalization of $73.80 billion, a price-to-earnings ratio of -658.54, a price-to-earnings-growth ratio of 1.05 and a beta of 1.94. The stock has a fifty day simple moving average of $75.38 and a 200 day simple moving average of $68.82.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share 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 during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company posted $0.30 EPS. Marvell Technology’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. Sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be given 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 (DPR) is -184.62%.

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

Insiders Place Their Bets

In related news, COO Chris Koopmans purchased 6,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the transaction, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Willem A. Meintjes acquired 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was acquired 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 owned 132,159 shares in the company, valued at approximately $10,312,366.77. This represents a 2.64% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,200 shares of company stock worth $2,109,632 over the last three months. Company 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.