Marvell Technology, Inc. $MRVL Shares Acquired by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 12.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,145 shares of the semiconductor company’s stock after purchasing an additional 350 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Marvell Technology were worth $243,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MRVL. Cambridge Investment Research Advisors Inc. grew its holdings in Marvell Technology by 0.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 114,015 shares of the semiconductor company’s stock valued at $7,020,000 after purchasing an additional 998 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Marvell Technology by 5.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 344,304 shares of the semiconductor company’s stock valued at $21,199,000 after purchasing an additional 18,770 shares in the last quarter. Legacy Advisors LLC grew its holdings in Marvell Technology by 20.2% during the 1st quarter. Legacy Advisors LLC now owns 5,372 shares of the semiconductor company’s stock valued at $331,000 after purchasing an additional 904 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Marvell Technology by 163.4% during the 1st quarter. International Assets Investment Management LLC now owns 9,412 shares of the semiconductor company’s stock valued at $580,000 after purchasing an additional 5,839 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in Marvell Technology by 195.8% during the 1st quarter. Golden State Wealth Management LLC now owns 4,863 shares of the semiconductor company’s stock valued at $300,000 after purchasing an additional 3,219 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Trading Up 2.1%

NASDAQ MRVL opened at $82.77 on Friday. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company has a 50-day simple moving average of $76.97 and a 200-day simple moving average of $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. The firm has a market capitalization of $71.36 billion, a PE ratio of -636.69, a price-to-earnings-growth ratio of 0.99 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue 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, equities analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

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

Marvell Technology announced that its board has authorized a share 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 reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, August 29th. BNP Paribas raised shares of Marvell Technology to a “strong-buy” rating in a report on Friday, August 29th. UBS Group raised their price objective on shares of Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Oppenheimer raised their price objective on shares of Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, Summit Redstone set a $105.00 price objective on shares of Marvell Technology in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.06.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi purchased 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew J. Murphy purchased 13,600 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 27,200 shares of company stock valued at $2,109,632. Corporate insiders own 0.19% of the company’s stock.

Marvell Technology 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.