Fortis Capital Advisors LLC Purchases Shares of 6,293 Marvell Technology, Inc. $MRVL

Fortis Capital Advisors LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,293 shares of the semiconductor company’s stock, valued at approximately $487,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Taylor Frigon Capital Management LLC raised its holdings in Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after buying an additional 4,748 shares during the period. BOCHK Asset Management Ltd acquired a new stake in Marvell Technology during the 2nd quarter worth about $1,486,000. Westbourne Investments Inc. raised its holdings in Marvell Technology by 442.4% during the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after buying an additional 17,695 shares during the period. Family Legacy Financial Solutions LLC acquired a new stake in Marvell Technology during the 2nd quarter worth about $1,618,000. Finally, Siren L.L.C. raised its holdings in Marvell Technology by 636.2% during the 1st quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company’s stock worth $2,266,000 after buying an additional 31,808 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MRVL. Jefferies Financial Group cut their price objective on Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 29th. The Goldman Sachs Group started coverage on Marvell Technology in a report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price objective on the stock. Needham & Company LLC upped their target price on Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, September 25th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.67.

Marvell Technology Stock Up 0.0%

Shares of Marvell Technology stock opened at $86.22 on Friday. The stock has a market capitalization of $74.33 billion, a P/E ratio of -663.23, a PEG ratio of 1.06 and a beta of 1.94. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average price of $74.27 and a two-hundred day moving average price of $68.15. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month 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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company’s revenue was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Marvell Technology announced that its Board of Directors has initiated a stock repurchase program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Sandeep Bharathi acquired 3,400 shares of the stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the insider 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 document filed with the SEC, which is accessible through this hyperlink. Also, COO Chris Koopmans acquired 6,800 shares of the stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the purchase, the chief operating officer owned 104,825 shares of the company’s stock, valued at $8,179,494.75. The trade was a 6.94% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,200 shares of company stock valued at $2,109,632 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

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.