Cwm LLC Sells 23,610 Shares of Marvell Technology, Inc. $MRVL

Cwm LLC lowered its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 13.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 146,112 shares of the semiconductor company’s stock after selling 23,610 shares during the period. Cwm LLC’s holdings in Marvell Technology were worth $11,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC boosted its holdings in 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 acquiring an additional 4,748 shares in the last quarter. BOCHK Asset Management Ltd bought a new position in Marvell Technology in the second quarter worth approximately $1,486,000. Westbourne Investments Inc. boosted its holdings in 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 acquiring an additional 17,695 shares in the last quarter. Family Legacy Financial Solutions LLC bought a new position in Marvell Technology in the second quarter worth approximately $1,618,000. Finally, Siren L.L.C. boosted its holdings in 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 acquiring an additional 31,808 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

MRVL has been the subject of several analyst reports. Benchmark reissued a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. JPMorgan Chase & Co. lowered their price objective 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. Needham & Company LLC increased their price objective on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a research note on Wednesday, October 8th. Finally, Bank of America reissued a “neutral” rating and issued a $78.00 price objective (down from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.67.

Insider Transactions at Marvell Technology

In related news, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the sale, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sandeep Bharathi acquired 3,400 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is currently owned by insiders.

Marvell Technology Stock Performance

MRVL stock opened at $89.39 on Tuesday. The firm has a market cap of $77.06 billion, a PE ratio of -687.62, a P/E/G ratio of 1.05 and a beta of 1.94. 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 moving average of $75.64 and a 200-day moving average of $69.01. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48.

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

Marvell Technology Announces Dividend

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

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

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.