31,938 Shares in Marvell Technology, Inc. $MRVL Bought by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 31,938 shares of the semiconductor company’s stock, valued at approximately $2,371,000.

A number of other hedge funds also recently made changes to their positions in MRVL. Game Plan Financial Advisors LLC acquired a new stake in shares of Marvell Technology during the 2nd quarter valued at about $27,000. Kiker Wealth Management LLC raised its position 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 in the last quarter. N.E.W. Advisory Services LLC bought a new position in Marvell Technology during the second quarter worth about $32,000. Westside Investment Management Inc. boosted its holdings in Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its stake in shares of Marvell Technology by 786.0% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 393 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Ratings Changes

MRVL has been the topic of several recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $130.00 price target (up previously from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Summit Redstone set a $105.00 price objective on Marvell Technology in a report on Wednesday, October 15th. Oppenheimer restated an “outperform” rating and issued a $150.00 target price (up previously from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Raymond James Financial assumed coverage on shares of Marvell Technology in a research report on Thursday, November 20th. They set a “strong-buy” rating and a $121.00 target price for the company. Finally, Morgan Stanley set a $112.00 price target on shares of Marvell Technology in a report on Wednesday, December 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $111.56.

Marvell Technology Stock Down 5.6%

Shares of NASDAQ MRVL opened at $84.43 on Monday. 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 $88.24 and its 200 day simple moving average is $78.36. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The company has a market cap of $71.61 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 0.82 and a beta of 1.93.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the company posted $0.43 EPS. The company’s quarterly 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. On average, research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, January 9th. Marvell Technology’s payout ratio is 8.42%.

Marvell Technology declared that its board has initiated a share repurchase plan 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 plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, insider Sandeep Bharathi acquired 3,400 shares of the firm’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 transaction, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Willem A. Meintjes bought 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares of the company’s stock, valued at $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is owned by company insiders.

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.