West Tower Group LLC Makes New Investment in Marvell Technology, Inc. $MRVL

West Tower Group LLC acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,000 shares of the semiconductor company’s stock, valued at approximately $310,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC acquired a new position in Marvell Technology in the second quarter worth $27,000. Kiker Wealth Management LLC boosted its holdings in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the period. Hughes Financial Services LLC acquired a new position in Marvell Technology in the first quarter worth $26,000. Financial Connections Group Inc. boosted its holdings in Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 388 shares during the period. Finally, DiNuzzo Private Wealth Inc. boosted its holdings in Marvell Technology by 786.0% in the second quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 393 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $87.95 on Monday. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The firm’s 50-day simple moving average is $76.56 and its 200 day simple moving average is $69.76. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a market cap of $75.82 billion, a P/E ratio of -676.54, a P/E/G ratio of 1.07 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business earned $0.30 earnings per share. The company’s 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. Equities analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology announced that its Board of Directors has approved a stock repurchase program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management 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. Investors of record on Friday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s payout ratio is currently -184.62%.

Insider Activity at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi purchased 3,400 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the insider owned 73,392 shares in the company, valued at $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew J. Murphy purchased 13,600 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was acquired at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the transaction, the chief executive officer owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This represents a 5.33% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 27,200 shares of company stock valued at $2,109,632 in the last ninety days. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Barclays reissued an “overweight” rating and set a $80.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Roth Capital reissued a “buy” rating on shares of Marvell Technology in a report on Wednesday. Wall Street Zen raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Summit Redstone set a $105.00 price target on shares of Marvell Technology in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.