Marks Group Wealth Management Inc Purchases Shares of 2,597 Marvell Technology, Inc. $MRVL

Marks Group Wealth Management Inc acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,597 shares of the semiconductor company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Advisory Group L.L.C. bought a new stake in Marvell Technology in the 2nd quarter valued at $459,000. Simplicity Wealth LLC acquired a new stake in shares of Marvell Technology during the second quarter worth $425,000. Wealthcare Advisory Partners LLC boosted its position in shares of Marvell Technology by 95.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 10,368 shares of the semiconductor company’s stock valued at $802,000 after acquiring an additional 5,051 shares during the period. Sava Infond d.o.o. boosted its position in shares of Marvell Technology by 60.0% in the second quarter. Sava Infond d.o.o. now owns 144,000 shares of the semiconductor company’s stock valued at $11,146,000 after acquiring an additional 54,000 shares during the period. Finally, LGT Fund Management Co Ltd. acquired a new position in shares of Marvell Technology in the second quarter valued at about $346,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Price Performance

Marvell Technology stock opened at $88.92 on Tuesday. 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 stock has a market capitalization of $76.66 billion, a P/E ratio of -684.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.94. The stock has a fifty day moving average of $74.53 and a 200-day moving average of $68.26.

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 analysts’ consensus estimates of $0.67. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business’s revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

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

Marvell Technology Dividend Announcement

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

Insiders Place Their Bets

In other Marvell Technology news, insider Sandeep Bharathi bought 3,400 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Willem A. Meintjes purchased 3,400 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the transaction, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 27,200 shares of company stock worth $2,109,632 over the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Cowen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, September 30th. TD Cowen reissued a “hold” rating and set a $85.00 price target (down previously from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Wells Fargo & Company dropped their price objective on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Finally, Needham & Company LLC increased their target price on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.67.

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.