Matthew Murphy Buys 13,600 Shares of Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc. (NASDAQ:MRVL) CEO Matthew Murphy bought 13,600 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the acquisition, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Marvell Technology Price Performance

MRVL stock opened at $83.81 on Friday. The business has a 50 day moving average price of $72.97 and a 200 day moving average price of $67.52. 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 stock 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 fifty-two week low of $47.08 and a fifty-two week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last issued 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 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%. The company’s revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s dividend payout ratio is -184.62%.

Marvell Technology declared that its board has authorized a share repurchase plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $75.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. KeyCorp reduced their price objective on shares of Marvell Technology from $115.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, May 30th. Benchmark reiterated a “buy” rating and set a $95.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. BNP Paribas raised Marvell Technology to a “strong-buy” rating in a report on Friday, August 29th. Finally, Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $91.17.

Hedge Funds Weigh In On Marvell Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRVL. Westbourne Investments Inc. lifted its stake in Marvell Technology by 442.4% in the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after buying an additional 17,695 shares in the last quarter. Family Legacy Financial Solutions LLC purchased a new stake in Marvell Technology during the 2nd quarter worth about $1,618,000. Siren L.L.C. raised its stake in Marvell Technology by 636.2% in the 1st quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company’s stock valued at $2,266,000 after purchasing an additional 31,808 shares during the last quarter. Burr Financial Services LLC lifted its holdings in Marvell Technology by 471.4% in the 2nd quarter. Burr Financial Services LLC now owns 37,085 shares of the semiconductor company’s stock valued at $2,870,000 after purchasing an additional 30,595 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in shares of Marvell Technology by 53.8% during the 2nd quarter. Wesbanco Bank Inc. now owns 68,615 shares of the semiconductor company’s stock worth $5,311,000 after purchasing an additional 24,000 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Company 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.