Marvell Technology, Inc. $MRVL Shares Bought by Forum Financial Management LP

Forum Financial Management LP boosted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 11.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,537 shares of the semiconductor company’s stock after acquiring an additional 1,118 shares during the quarter. Forum Financial Management LP’s holdings in Marvell Technology were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of MRVL. Hughes Financial Services LLC acquired a new stake in shares of Marvell Technology in the 1st quarter valued at approximately $26,000. Rossby Financial LCC acquired a new stake in shares of Marvell Technology in the 1st quarter valued at approximately $27,000. Financial Connections Group Inc. lifted its holdings in shares of Marvell Technology by 776.0% in 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 during the period. Game Plan Financial Advisors LLC acquired a new stake in shares of Marvell Technology in the 2nd quarter valued at approximately $27,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Marvell Technology in the 1st quarter valued at approximately $28,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $82.77 on Friday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a market capitalization of $71.36 billion, a P/E ratio of -636.69, a PEG ratio of 0.99 and a beta of 1.94. The business has a 50 day moving average price of $76.97 and a 200 day moving average price of $70.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.Marvell Technology’s quarterly revenue was up 57.6% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Marvell Technology declared that its board has authorized a stock repurchase program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

MRVL has been the subject of several recent analyst reports. Oppenheimer raised their price target on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 10th. The Goldman Sachs Group initiated coverage on Marvell Technology in a report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 price target for the company. Zacks Research raised Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Wells Fargo & Company reduced their price target on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Finally, UBS Group raised their price objective on Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.06.

Insider Buying and Selling

In related news, insider Sandeep Bharathi purchased 3,400 shares of the company’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 transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Chris Koopmans purchased 6,800 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $530,604.00. Following the transaction, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This represents a 6.94% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by corporate 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.