Cornerstone Advisory LLC Invests $211,000 in Marvell Technology, Inc. $MRVL

Cornerstone Advisory LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,720 shares of the semiconductor company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hughes Financial Services LLC bought a new position in shares of Marvell Technology in the first quarter valued at $26,000. Rossby Financial LCC acquired a new stake in shares of Marvell Technology in the 1st quarter worth about $27,000. Financial Connections Group Inc. lifted its position in Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC acquired a new position in Marvell Technology during the 2nd quarter valued at about $27,000. Finally, Vision Financial Markets LLC acquired a new position in Marvell Technology during the 1st quarter valued at about $28,000. Institutional investors own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Barclays reiterated an “equal weight” rating and set a $80.00 price target on shares of Marvell Technology in a report on Monday. Summit Redstone set a $105.00 price objective on Marvell Technology in a research note on Wednesday, October 15th. Wells Fargo & Company reduced their target price on shares of Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Finally, Cowen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Two equities 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 stock. Based on data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $93.06.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes purchased 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandeep Bharathi purchased 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the purchase, the insider directly owned 73,392 shares in the company, valued at $5,726,777.76. This trade represents a 4.86% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 27,200 shares of company stock valued at $2,109,632 in the last three months. 0.19% of the stock is currently owned by company insiders.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $82.77 on Friday. The company has a market capitalization of $71.36 billion, a P/E ratio of -636.69, a price-to-earnings-growth ratio of 0.99 and a beta of 1.94. The company’s 50-day moving average is $76.97 and its 200 day moving average is $70.41. 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 fifty-two week low of $47.08 and a fifty-two week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The company’s revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The company also recently disclosed 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 yield of 0.3%. Marvell Technology’s dividend payout ratio is presently -184.62%.

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

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.