Wedbush Securities Inc. Raises Stock Holdings in Marvell Technology, Inc. $MRVL

Wedbush Securities Inc. raised its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 13.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,533 shares of the semiconductor company’s stock after acquiring an additional 1,810 shares during the quarter. Wedbush Securities Inc.’s holdings in Marvell Technology were worth $1,202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its holdings in Marvell Technology by 14.0% in the first quarter. Crossmark Global Holdings Inc. now owns 6,732 shares of the semiconductor company’s stock valued at $414,000 after acquiring an additional 829 shares in the last quarter. Cerity Partners LLC raised its position in shares of Marvell Technology by 64.3% in the 1st quarter. Cerity Partners LLC now owns 98,751 shares of the semiconductor company’s stock worth $6,080,000 after acquiring an additional 38,633 shares in the last quarter. Ballentine Partners LLC grew its stake in Marvell Technology by 7.7% in the first quarter. Ballentine Partners LLC now owns 6,965 shares of the semiconductor company’s stock worth $429,000 after purchasing an additional 495 shares during the period. Arizona State Retirement System grew its position in shares of Marvell Technology by 1.7% in the 1st quarter. Arizona State Retirement System now owns 253,717 shares of the semiconductor company’s stock worth $15,621,000 after buying an additional 4,298 shares during the period. Finally, Fulton Breakefield Broenniman LLC boosted its stake in Marvell Technology by 27.2% during the first quarter. Fulton Breakefield Broenniman LLC now owns 9,904 shares of the semiconductor company’s stock worth $610,000 after acquiring an additional 2,120 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In other news, insider Sandeep Bharathi bought 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew J. Murphy acquired 13,600 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 27,200 shares of company stock worth $2,109,632. Corporate insiders own 0.19% of the company’s stock.

Marvell Technology Trading Down 2.6%

Shares of Marvell Technology stock opened at $90.92 on Monday. The firm has a market capitalization of $78.38 billion, a price-to-earnings ratio of -699.38, a PEG ratio of 1.10 and a beta of 1.95. 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 firm’s 50 day simple moving average is $80.70 and its two-hundred day simple moving average is $73.63.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 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 company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s 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. Analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology declared that its board has authorized a share repurchase program 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 programs are typically a sign that the company’s management believes its stock is undervalued.

Marvell Technology Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MRVL. Benchmark reissued a “buy” rating and issued a $95.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. JPMorgan Chase & Co. reduced their price objective on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Evercore ISI decreased their price objective on shares of Marvell Technology from $133.00 to $122.00 and set an “outperform” rating for the company in a report on Friday, August 29th. TD Cowen reiterated a “hold” rating and issued a $85.00 price objective (down from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the stock 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.