Valeo Financial Advisors LLC Purchases 281 Shares of Marvell Technology, Inc. $MRVL

Valeo Financial Advisors LLC grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,834 shares of the semiconductor company’s stock after purchasing an additional 281 shares during the period. Valeo Financial Advisors LLC’s holdings in Marvell Technology were worth $684,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MRVL. Hughes Financial Services LLC purchased a new position in shares of Marvell Technology in the first quarter worth about $26,000. Financial Connections Group Inc. increased its holdings in shares of Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after buying an additional 388 shares during the period. DiNuzzo Private Wealth Inc. increased its holdings in shares of Marvell Technology by 786.0% in the second quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock worth $34,000 after buying an additional 393 shares during the period. Rossby Financial LCC purchased a new position in shares of Marvell Technology in the first quarter worth about $27,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Marvell Technology in the first quarter worth about $28,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Up 6.4%

Shares of NASDAQ:MRVL opened at $92.50 on Thursday. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The firm has a market capitalization of $79.74 billion, a P/E ratio of -711.54, a P/E/G ratio of 1.06 and a beta of 1.94. The stock has a 50 day moving average price of $74.95 and a 200-day moving average price of $68.55. 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 (NASDAQ:MRVL) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the company earned $0.30 EPS. The business’s revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS 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. Investors of record on Friday, October 10th will be paid a $0.06 dividend. The ex-dividend date 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 presently -184.62%.

Marvell Technology announced that its board has authorized a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

MRVL has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $95.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. The Goldman Sachs Group began coverage on Marvell Technology in a research report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price target for the company. Jefferies Financial Group lowered their price target on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Finally, Morgan Stanley lowered their price target on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.67.

Insider Buying and Selling

In related news, COO Chris Koopmans purchased 6,800 shares of the business’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 $530,604.00. Following the purchase, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Willem A. Meintjes purchased 3,400 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 27,200 shares of company stock worth $2,109,632 over the last three months. Corporate insiders own 0.19% of the company’s stock.

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.