Kingsview Wealth Management LLC Buys 8,666 Shares of Marvell Technology, Inc. $MRVL

Kingsview Wealth Management LLC grew its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 71.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,767 shares of the semiconductor company’s stock after acquiring an additional 8,666 shares during the period. Kingsview Wealth Management LLC’s holdings in Marvell Technology were worth $1,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. First Horizon Advisors Inc. raised its holdings in Marvell Technology by 6.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,115 shares of the semiconductor company’s stock valued at $164,000 after acquiring an additional 137 shares during the period. Richards Merrill & Peterson Inc. boosted its holdings in shares of Marvell Technology by 4.0% during the second quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock worth $279,000 after acquiring an additional 139 shares during the period. Retirement Planning Group LLC NY grew its position in shares of Marvell Technology by 4.0% in the second quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 142 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Marvell Technology by 0.8% in the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock valued at $1,544,000 after purchasing an additional 151 shares during the last quarter. Finally, Mayflower Financial Advisors LLC increased its stake in shares of Marvell Technology by 3.4% during the second quarter. Mayflower Financial Advisors LLC now owns 4,579 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 151 shares during the period. Institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

MRVL has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target 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. BNP Paribas raised Marvell Technology to a “strong-buy” rating in a report on Friday, August 29th. Barclays reissued an “equal weight” rating and issued a $80.00 target price on shares of Marvell Technology in a research report on Monday, October 20th. Needham & Company LLC upped their price target on shares of Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Finally, Roth Capital reaffirmed a “buy” rating 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 given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.23.

Marvell Technology Stock Performance

MRVL opened at $81.32 on Thursday. 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 cap of $70.11 billion, a P/E ratio of -625.54, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. The business’s fifty day moving average is $84.14 and its 200-day moving average is $75.03.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate 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 negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology’s revenue was up 57.6% compared to the same quarter last year. 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. Sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were given a dividend of $0.06 per share. The ex-dividend date was 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 currently -184.62%.

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

Insider Activity

In other Marvell Technology news, insider Sandeep Bharathi bought 3,400 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the insider owned 73,392 shares in the company, valued at $5,726,777.76. This trade represents a 4.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Willem A. Meintjes purchased 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is owned by insiders.

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.