Daymark Wealth Partners LLC Invests $217,000 in Marvell Technology, Inc. $MRVL

Daymark Wealth Partners LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,802 shares of the semiconductor company’s stock, valued at approximately $217,000.

A number of other hedge funds have also modified their holdings of the stock. Waterfront Wealth Inc. raised its holdings in shares of Marvell Technology by 21.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after buying an additional 3,258 shares in the last quarter. Mayflower Financial Advisors LLC raised its stake in shares of Marvell Technology by 3.4% in the second quarter. Mayflower Financial Advisors LLC now owns 4,579 shares of the semiconductor company’s stock valued at $354,000 after acquiring an additional 151 shares during the last quarter. Bank of Jackson Hole Trust boosted its holdings in shares of Marvell Technology by 68.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 4,530 shares of the semiconductor company’s stock worth $351,000 after acquiring an additional 1,834 shares in the last quarter. Mendel Money Management boosted its holdings in shares of Marvell Technology by 1.6% in the 2nd quarter. Mendel Money Management now owns 51,213 shares of the semiconductor company’s stock worth $3,964,000 after acquiring an additional 792 shares in the last quarter. Finally, Private Wealth Partners LLC boosted its holdings in shares of Marvell Technology by 54.9% in the 2nd quarter. Private Wealth Partners LLC now owns 74,870 shares of the semiconductor company’s stock worth $5,795,000 after acquiring an additional 26,540 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

MRVL stock opened at $93.71 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The company has a 50 day moving average price of $78.84 and a 200 day moving average price of $71.97. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The stock has a market capitalization of $80.79 billion, a PE ratio of -720.85, a price-to-earnings-growth ratio of 1.10 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company posted $0.30 EPS. Marvell Technology’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. Analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a $0.06 dividend. The ex-dividend date of this dividend 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 is -184.62%.

Marvell Technology declared that its board has authorized a share buyback plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have recently commented on MRVL. The Goldman Sachs Group began coverage on Marvell Technology in a report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 target price on the stock. Needham & Company LLC boosted their target price on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. JPMorgan Chase & Co. reduced their target price on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Summit Redstone set a $105.00 target price on Marvell Technology in a report on Wednesday, October 15th. 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 given a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Buying and Selling

In related news, CFO Willem A. Meintjes purchased 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the purchase, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the insider owned 73,392 shares in the company, valued at $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 27,200 shares of company stock worth $2,109,632. Company insiders own 0.19% of the company’s stock.

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.