RWA Wealth Partners LLC Has $422,000 Stock Holdings in Marvell Technology, Inc. $MRVL

RWA Wealth Partners LLC trimmed its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 39.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,450 shares of the semiconductor company’s stock after selling 3,504 shares during the quarter. RWA Wealth Partners LLC’s holdings in Marvell Technology were worth $422,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Marvell Technology during the first quarter worth $399,587,000. Goldman Sachs Group Inc. boosted its stake in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the period. AQR Capital Management LLC boosted its stake in Marvell Technology by 662.9% in the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock worth $187,566,000 after purchasing an additional 2,710,894 shares during the period. Nordea Investment Management AB increased its holdings in Marvell Technology by 48.3% during the 2nd quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock worth $555,650,000 after purchasing an additional 2,344,245 shares in the last quarter. Finally, DnB Asset Management AS raised its stake in shares of Marvell Technology by 1,167.6% in the 1st quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock valued at $124,116,000 after purchasing an additional 1,856,833 shares during the period. Institutional investors own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MRVL shares. BNP Paribas raised Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Oppenheimer boosted their target price on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Rosenblatt Securities decreased their price target on shares of Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Bank of America reissued a “neutral” rating and issued a $78.00 price objective (down previously from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Barclays restated an “equal weight” rating and set a $80.00 target price on shares of Marvell Technology in a report on Monday, October 20th. Two investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Activity

In other news, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were purchased 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 directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This represents a 5.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sandeep Bharathi bought 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was purchased 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 directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is owned by company insiders.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $93.23 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $80.37 billion, a P/E ratio of -717.15, a P/E/G ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The stock has a 50 day moving average of $81.31 and a 200-day moving average of $73.88.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly 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. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were given a $0.06 dividend. The ex-dividend date was Friday, October 10th. This represents a $0.24 dividend on an annualized basis 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 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 buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.