Retirement Planning Group LLC NY Boosts Stock Position in Marvell Technology, Inc. $MRVL

Retirement Planning Group LLC NY grew its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 4.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,722 shares of the semiconductor company’s stock after purchasing an additional 142 shares during the period. Retirement Planning Group LLC NY’s holdings in Marvell Technology were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Harbor Capital Advisors Inc. grew its position in shares of Marvell Technology by 0.8% in the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock valued at $1,544,000 after purchasing an additional 151 shares in the last quarter. CHICAGO TRUST Co NA grew its position in Marvell Technology by 3.5% in the second quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 158 shares during the period. Synovus Financial Corp grew its position in Marvell Technology by 3.5% in the first quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company’s stock worth $295,000 after acquiring an additional 161 shares during the period. PFG Investments LLC grew its position in Marvell Technology by 2.6% in the second quarter. PFG Investments LLC now owns 6,757 shares of the semiconductor company’s stock worth $523,000 after acquiring an additional 174 shares during the period. Finally, V Square Quantitative Management LLC grew its position in Marvell Technology by 1.6% in the second quarter. V Square Quantitative Management LLC now owns 11,032 shares of the semiconductor company’s stock worth $854,000 after acquiring an additional 177 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The shares were 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 in the company, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Chris Koopmans acquired 6,800 shares of Marvell Technology 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 completion of the purchase, the chief operating officer owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is owned by company insiders.

Marvell Technology Stock Down 5.6%

Shares of NASDAQ MRVL opened at $85.61 on Friday. The stock has a market cap of $73.80 billion, a P/E ratio of -658.54, a PEG ratio of 1.05 and a beta of 1.94. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The business’s fifty day simple moving average is $75.38 and its 200-day simple moving average is $68.79.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $2.01 billion for 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 for the quarter 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. As a group, equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its board has authorized a share buyback plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors 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 $0.06 dividend. 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 dividend payout ratio (DPR) is presently -184.62%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. TD Cowen reiterated a “hold” rating and issued a $85.00 price objective (down from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. B. Riley reiterated a “buy” rating and issued a $115.00 price objective (up from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. Melius Research increased their price objective on Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, June 18th. Rosenblatt Securities lowered their price target on Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Finally, Barclays restated an “overweight” rating and set a $80.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.33.

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.