Stratos Wealth Advisors LLC Sells 513 Shares of Marvell Technology, Inc. $MRVL

Stratos Wealth Advisors LLC lessened its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 12.4% in the second quarter, HoldingsChannel.com reports. The fund owned 3,632 shares of the semiconductor company’s stock after selling 513 shares during the period. Stratos Wealth Advisors LLC’s holdings in Marvell Technology were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors 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 about $26,000. Rossby Financial LCC acquired a new position in Marvell Technology during the first quarter valued at approximately $27,000. Financial Connections Group Inc. raised its position in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC acquired a new position in Marvell Technology during the second quarter valued at approximately $27,000. Finally, Vision Financial Markets LLC acquired a new position in Marvell Technology during the first quarter valued at approximately $28,000. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy purchased 13,600 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the transaction, the chief executive officer owned 268,637 shares in the company, valued at $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Chris Koopmans purchased 6,800 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the transaction, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 27,200 shares of company stock worth $2,109,632 in the last quarter. 0.33% of the stock is owned by insiders.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $85.84 on Tuesday. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The stock has a market cap of $74.00 billion, a price-to-earnings ratio of -660.31, a PEG ratio of 1.07 and a beta of 1.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The firm’s 50-day simple moving average is $76.73 and its 200 day simple moving average is $70.02.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting 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 business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the firm earned $0.30 EPS. The firm’s revenue for the quarter 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, research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

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

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 $0.06 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is presently -184.62%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen reiterated a “hold” rating and set a $85.00 price target (down from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Jefferies Financial Group decreased their price objective on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 29th. Cowen downgraded Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Wells Fargo & Company decreased their price target on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.06.

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.