Marvell Technology (NASDAQ:MRVL) Insider Sandeep Bharathi Acquires 3,400 Shares of Stock

Marvell Technology, Inc. (NASDAQ:MRVL) insider Sandeep Bharathi bought 3,400 shares of Marvell Technology 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 completion of the acquisition, the insider directly owned 73,392 shares of the company’s stock, valued at $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Marvell Technology Stock Up 4.6%

Marvell Technology stock opened at $83.81 on Friday. The firm has a market cap of $72.25 billion, a price-to-earnings ratio of -644.69, a PEG ratio of 0.97 and a beta of 1.85. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The firm has a 50 day moving average price of $72.97 and a two-hundred day moving average price of $67.52.

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

Marvell Technology declared that its board has authorized a stock buyback 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 often an indication that the company’s management believes its stock is undervalued.

Marvell Technology Dividend Announcement

The firm also recently declared 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. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is presently -184.62%.

Institutional Trading of Marvell Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hughes Financial Services LLC acquired a new position in shares of Marvell Technology during the first quarter valued at about $26,000. Rossby Financial LCC acquired a new position in Marvell Technology during the 1st quarter valued at about $27,000. Financial Connections Group Inc. increased its holdings in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 388 shares in the last quarter. 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 purchased a new stake in shares of Marvell Technology in the first quarter worth approximately $28,000. Institutional investors own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MRVL. Melius Research upped their target price on Marvell Technology from $67.00 to $76.00 and gave the company a “hold” rating in a research report on Wednesday, June 18th. Rosenblatt Securities cut their price target on Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Bank of America reaffirmed a “neutral” rating and set a $78.00 price objective (down previously from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Oppenheimer reiterated an “outperform” rating and issued a $95.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Finally, BNP Paribas raised shares of Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.17.

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.