Sax Wealth Advisors LLC Grows Stake in Marvell Technology, Inc. $MRVL

Sax Wealth Advisors LLC lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 25.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 17,357 shares of the semiconductor company’s stock after acquiring an additional 3,494 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Marvell Technology were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MRVL. NBC Securities Inc. lifted its stake in shares of Marvell Technology by 94,750.0% during the 1st quarter. NBC Securities Inc. now owns 1,897 shares of the semiconductor company’s stock valued at $116,000 after buying an additional 1,895 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Marvell Technology by 6.3% during the 1st quarter. UMB Bank n.a. now owns 4,482 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 265 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Marvell Technology by 45.9% during the 1st quarter. Farther Finance Advisors LLC now owns 8,498 shares of the semiconductor company’s stock valued at $533,000 after buying an additional 2,672 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Marvell Technology by 99.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 19,794 shares of the semiconductor company’s stock valued at $1,219,000 after buying an additional 9,874 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of Marvell Technology by 8.4% during the 1st quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company’s stock valued at $927,000 after buying an additional 1,164 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of recent research reports. Cowen cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, September 30th. TD Cowen reaffirmed a “hold” rating and set a $85.00 target price (down previously from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft upped their target price 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. The Goldman Sachs Group began coverage on shares of Marvell Technology in a report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.67.

Marvell Technology Trading Up 6.4%

NASDAQ:MRVL opened at $92.50 on Thursday. The company has a 50-day moving average price of $74.95 and a 200-day moving average price of $68.55. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a market cap of $79.74 billion, a price-to-earnings ratio of -711.54, a P/E/G ratio of 1.06 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the company posted $0.30 EPS. The company’s quarterly 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. Equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors 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 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%.

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 purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi purchased 3,400 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the transaction, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the purchase, the chief executive officer owned 268,637 shares in the company, valued at $20,709,226.33. This represents a 5.33% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 27,200 shares of company stock worth $2,109,632 over the last 90 days. 0.19% of the stock is currently owned by insiders.

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.