Freedom Investment Management Inc. Acquires 1,229 Shares of Marvell Technology, Inc. $MRVL

Freedom Investment Management Inc. raised its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 15.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,276 shares of the semiconductor company’s stock after purchasing an additional 1,229 shares during the period. Freedom Investment Management Inc.’s holdings in Marvell Technology were worth $718,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hughes Financial Services LLC bought a new position in Marvell Technology during the 1st quarter valued at approximately $26,000. Rossby Financial LCC bought a new position in Marvell Technology during the 1st quarter valued at approximately $27,000. Financial Connections Group Inc. raised its position in 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 purchasing an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC bought a new position in Marvell Technology during the 2nd quarter valued at approximately $27,000. Finally, Vision Financial Markets LLC bought a new position in Marvell Technology during the 1st quarter valued at approximately $28,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Up 1.6%

MRVL stock opened at $84.13 on Friday. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. 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 firm has a market cap of $72.53 billion, a PE ratio of -647.15, a price-to-earnings-growth ratio of 1.01 and a beta of 1.94. The business has a 50 day moving average of $77.13 and a 200 day moving average of $70.65.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share 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 company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its Board of Directors has approved a stock repurchase 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 stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Marvell Technology Announces Dividend

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

Insider Buying and Selling

In related news, CFO Willem A. Meintjes acquired 3,400 shares of Marvell Technology stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 132,159 shares in the company, valued at approximately $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average cost 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. This represents a 5.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 27,200 shares of company stock worth $2,109,632 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MRVL. Wells Fargo & Company lowered their price target on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a research report on Wednesday, October 8th. BNP Paribas raised Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. UBS Group increased their target price on Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, The Goldman Sachs Group began coverage on Marvell Technology in a research report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 target price for the company. Two investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.06.

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.