Stratos Wealth Advisors LLC Reduces Position in Marvell Technology, Inc. $MRVL

Stratos Wealth Advisors LLC trimmed its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,632 shares of the semiconductor company’s stock after selling 513 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Marvell Technology were worth $281,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Marvell Technology in the first quarter valued at approximately $399,587,000. Goldman Sachs Group Inc. boosted its position in shares of Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after buying an additional 5,050,159 shares during the period. Impax Asset Management Group plc boosted its position in shares of Marvell Technology by 748.3% during the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock worth $227,033,000 after buying an additional 3,264,557 shares during the period. AQR Capital Management LLC lifted its position in Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock worth $187,566,000 after purchasing an additional 2,710,894 shares during the period. Finally, Nordea Investment Management AB lifted its position in Marvell Technology by 48.3% in the second quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock worth $555,650,000 after purchasing an additional 2,344,245 shares during the period. 83.51% of the stock is owned by institutional investors.

Marvell Technology Price Performance

MRVL opened at $85.84 on Tuesday. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The company’s 50 day simple moving average is $76.73 and its 200-day simple moving average is $70.02. The stock has a market capitalization of $74.00 billion, a P/E ratio of -660.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (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 firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology announced that its Board of Directors has initiated 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 repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend 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%.

Insider Activity

In other news, insider Sandeep Bharathi purchased 3,400 shares of Marvell Technology stock in a transaction dated 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 completion of the transaction, the insider directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Willem A. Meintjes acquired 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were 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 chief financial officer owned 132,159 shares of the company’s stock, 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. In the last three months, insiders purchased 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Rosenblatt Securities dropped 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. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Benchmark reaffirmed a “buy” rating and issued a $95.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Finally, 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 report on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $93.06.

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.