FSM Wealth Advisors LLC Acquires Shares of 2,816 Marvell Technology, Inc. $MRVL

FSM Wealth Advisors LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,816 shares of the semiconductor company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Taylor Frigon Capital Management LLC raised its holdings in Marvell Technology by 16.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after acquiring an additional 4,748 shares during the last quarter. BOCHK Asset Management Ltd acquired a new stake in shares of Marvell Technology in the second quarter valued at approximately $1,486,000. Westbourne Investments Inc. lifted its position in Marvell Technology by 442.4% during the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after buying an additional 17,695 shares in the last quarter. Triton Financial Group Inc acquired a new position in Marvell Technology during the second quarter worth $1,543,000. Finally, Family Legacy Financial Solutions LLC purchased a new stake in Marvell Technology in the 2nd quarter valued at $1,618,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi acquired 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the transaction, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Willem A. Meintjes purchased 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. This trade represents a 2.64% increase in their ownership of the stock. 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. 0.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Jefferies Financial Group reduced their target price on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. The Goldman Sachs Group initiated coverage on shares of Marvell Technology in a research report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price target on the stock. Benchmark reiterated a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Summit Redstone set a $105.00 target price on Marvell Technology in a research note on Wednesday, October 15th. Finally, Rosenblatt Securities reduced their target price 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 research 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.06.

Marvell Technology Stock Up 1.6%

Shares of NASDAQ MRVL opened at $84.13 on Friday. The stock has a market cap of $72.53 billion, a P/E ratio of -647.15, a PEG ratio of 1.01 and a beta of 1.94. The business’s fifty day simple moving average is $77.13 and its 200-day simple moving average is $70.65. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a current ratio of 1.88, a quick ratio of 1.44 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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm’s quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter 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. As a group, equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its Board of Directors has approved a share buyback plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is presently -184.62%.

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.