Equitable Trust Co. Increases Stock Position in Marvell Technology, Inc. $MRVL

Equitable Trust Co. grew its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 381.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,338 shares of the semiconductor company’s stock after buying an additional 43,855 shares during the quarter. Equitable Trust Co.’s holdings in Marvell Technology were worth $4,283,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hughes Financial Services LLC purchased a new stake in shares of Marvell Technology during the 1st quarter valued at about $26,000. Rossby Financial LCC purchased a new stake in shares of Marvell Technology during the 1st quarter valued at about $27,000. Financial Connections Group Inc. raised its position in shares of Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC purchased a new stake in shares of Marvell Technology during the 2nd quarter valued at about $27,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Marvell Technology during the 1st quarter valued at about $28,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marvell Technology

In related news, CEO Matthew J. Murphy acquired 13,600 shares of the stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the purchase, the chief executive officer owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This represents a 5.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares of the company’s stock, valued at $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 27,200 shares of company stock valued at $2,109,632. Company insiders own 0.33% of the company’s stock.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $89.39 on Tuesday. The firm has a market cap of $77.06 billion, a price-to-earnings ratio of -687.62, a PEG ratio of 1.05 and a beta of 1.94. The company’s 50 day moving average is $75.64 and its 200 day moving average is $69.01. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last announced its 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. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology’s revenue was up 57.6% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology declared that its board has authorized a share repurchase plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s payout ratio is presently -184.62%.

Wall Street Analyst Weigh In

MRVL has been the topic of a number of research analyst reports. UBS Group upped their target price on shares of Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. The Goldman Sachs Group initiated coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They issued a “neutral” rating and a $75.00 target price on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Marvell Technology in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $92.67.

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.