Trivest Advisors Ltd Takes Position in Marvell Technology, Inc. $MRVL

Trivest Advisors Ltd purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 270,000 shares of the semiconductor company’s stock, valued at approximately $20,898,000. Marvell Technology makes up approximately 0.8% of Trivest Advisors Ltd’s investment portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MRVL. Hughes Financial Services LLC bought a new position in shares of Marvell Technology during the first quarter valued at $26,000. Financial Connections Group Inc. lifted its holdings in shares of Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC bought a new position in shares of Marvell Technology during the second quarter valued at $27,000. Vision Financial Markets LLC bought a new position in shares of Marvell Technology during the first quarter valued at $28,000. Finally, Kiker Wealth Management LLC lifted its holdings in shares of Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology Stock Performance

Shares of MRVL opened at $92.90 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $79.82 and a two-hundred day simple moving average of $72.90. The stock has a market cap of $80.09 billion, a price-to-earnings ratio of -714.62, a PEG ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business’s quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology announced that its board has initiated a stock repurchase program on Wednesday, September 24th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Marvell Technology Announces Dividend

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

Insider Buying and Selling

In related news, COO Chris Koopmans purchased 6,800 shares of Marvell Technology stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sandeep Bharathi purchased 3,400 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The stock was bought at an average price 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 represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 27,200 shares of company stock worth $2,109,632. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Needham & Company LLC upped their price target on Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, September 25th. UBS Group upped their price objective on Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Cantor Fitzgerald reissued a “neutral” rating and issued a $75.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Jefferies Financial Group cut their price target on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Finally, Summit Redstone set a $105.00 price target on shares of Marvell Technology in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.06.

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.