Broadway Wealth Solutions Inc. Buys Shares of 6,243 Marvell Technology, Inc. $MRVL

Broadway Wealth Solutions Inc. bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, Holdings Channel reports. The fund bought 6,243 shares of the semiconductor company’s stock, valued at approximately $483,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new position in Marvell Technology in the first quarter valued at about $26,000. Rossby Financial LCC acquired a new position in Marvell Technology in the first quarter valued at about $27,000. Financial Connections Group Inc. raised its position in shares of Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 388 shares during the period. Vision Financial Markets LLC acquired a new stake in shares of Marvell Technology during the first quarter worth about $28,000. Finally, Security National Bank acquired a new stake in shares of Marvell Technology during the first quarter worth about $31,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Up 2.0%

Shares of Marvell Technology stock opened at $84.08 on Wednesday. The business’s 50 day simple moving average is $73.57 and its 200 day simple moving average is $67.81. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The firm has a market cap of $72.48 billion, a PE ratio of -646.75, a P/E/G ratio of 1.01 and a beta of 1.85. 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, meeting analysts’ consensus estimates of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm earned $0.30 EPS. Marvell Technology’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. On average, analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share 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. Shareholders of record on Friday, October 10th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is currently -184.62%.

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 shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Melius Research raised their price target on Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, June 18th. B. Riley reaffirmed a “buy” rating and set a $115.00 price target (up previously from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. Cowen lowered Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday. Evercore ISI dropped their price target on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. dropped their price target on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.17.

Insider Transactions at Marvell Technology

In related news, COO Chris Koopmans purchased 6,800 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sandeep Bharathi purchased 3,400 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is 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.