18,721 Shares in Marvell Technology, Inc. $MRVL Acquired by New Century Financial Group LLC

New Century Financial Group LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 18,721 shares of the semiconductor company’s stock, valued at approximately $1,449,000. Marvell Technology accounts for about 1.7% of New Century Financial Group LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of MRVL. Hughes Financial Services LLC bought a new stake in shares of Marvell Technology during the 1st quarter worth $26,000. Financial Connections Group Inc. lifted its position 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 acquiring an additional 388 shares during the last quarter. DiNuzzo Private Wealth Inc. boosted its holdings in Marvell Technology by 786.0% during the second quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 393 shares during the period. Rossby Financial LCC bought a new stake in Marvell Technology during the first quarter valued at about $27,000. Finally, Vision Financial Markets LLC bought a new position in shares of Marvell Technology in the first quarter worth about $28,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $86.20 on Friday. The firm has a market cap of $74.31 billion, a price-to-earnings ratio of -663.08, a PEG ratio of 1.03 and a beta of 1.94. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a 50 day moving average of $74.03 and a 200-day moving average of $68.03. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The company 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 prior year, the business earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

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

Marvell Technology Announces Dividend

The company also recently announced 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. This represents a $0.24 annualized dividend 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 -184.62%.

Insider Activity at Marvell Technology

In other news, COO Chris Koopmans acquired 6,800 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, with a total value of $530,604.00. Following the acquisition, the chief operating officer owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew J. Murphy bought 13,600 shares of Marvell Technology stock in a transaction dated 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 purchase, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 27,200 shares of company stock valued at $2,109,632 over the last quarter. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MRVL has been the subject of several recent analyst reports. TD Cowen restated a “hold” rating and set a $85.00 target price (down previously from $90.00) on shares of Marvell Technology in a research note on Wednesday. Morgan Stanley dropped their price objective on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a report on Friday, August 29th. Evercore ISI lowered their price target on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a research note on Friday, August 29th. Needham & Company LLC upped their target price on Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $75.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average target price of $91.67.

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.