10,001 Shares in Marvell Technology, Inc. $MRVL Bought by Westerkirk Capital Inc.

Westerkirk Capital Inc. purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,001 shares of the semiconductor company’s stock, valued at approximately $774,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MRVL. Financial Connections Group Inc. lifted its holdings in shares of Marvell Technology by 776.0% during 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. Game Plan Financial Advisors LLC acquired a new position in Marvell Technology during the second quarter worth about $27,000. Vision Financial Markets LLC purchased a new position in shares of Marvell Technology in the first quarter valued at $28,000. Kiker Wealth Management LLC raised its position in shares of Marvell Technology by 374.7% during the 2nd 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 last quarter. Finally, Westside Investment Management Inc. lifted its position in shares of Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 160 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group decreased their price objective on Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Morgan Stanley raised their price target on Marvell Technology from $76.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Monday. Piper Sandler restated an “overweight” rating on shares of Marvell Technology in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Finally, Bank of America restated a “neutral” rating and issued a $78.00 target price (down from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $101.25.

Marvell Technology Stock Up 2.0%

MRVL opened at $92.89 on Wednesday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The firm has a 50 day moving average price of $86.75 and a 200 day moving average price of $76.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The company has a market cap of $80.08 billion, a PE ratio of -714.54, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the company posted $0.43 earnings per share. Marvell Technology’s revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Sell-side analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

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

Marvell Technology announced that its Board of Directors has approved a stock buyback program on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Marvell Technology

In related news, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Chris Koopmans bought 6,800 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, with a total value of $530,604.00. Following the transaction, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. The trade was a 6.94% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 27,200 shares of company stock valued at $2,109,632 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Marvell Technology 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.