FineMark National Bank & Trust Raises Stock Position in Marvell Technology, Inc. $MRVL

FineMark National Bank & Trust lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 50.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,655 shares of the semiconductor company’s stock after purchasing an additional 57,882 shares during the quarter. FineMark National Bank & Trust’s holdings in Marvell Technology were worth $13,286,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Game Plan Financial Advisors LLC acquired a new stake in Marvell Technology during the 2nd quarter worth approximately $27,000. Kiker Wealth Management LLC increased its position in shares of Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the period. Westside Investment Management Inc. raised its stake 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. 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 valued at $27,000 after purchasing an additional 388 shares during the period. Finally, DiNuzzo Private Wealth Inc. grew its stake in Marvell Technology by 786.0% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 393 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Ratings Changes

MRVL has been the topic of a number of analyst reports. TD Cowen reaffirmed a “hold” rating and issued a $85.00 price target (down previously from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Wall Street Zen upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Wells Fargo & Company decreased their price target on shares of Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Oppenheimer increased their price objective on shares of Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Summit Redstone set a $105.00 price objective on shares of Marvell Technology in a report on Wednesday, October 15th. 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.23.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes bought 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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, with a total value of $265,302.00. Following the completion of the transaction, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 27,200 shares of company stock worth $2,109,632 over the last three months. 0.19% of the stock is currently owned by company insiders.

Marvell Technology Stock Down 5.7%

MRVL stock opened at $78.68 on Wednesday. The stock has a market cap of $67.83 billion, a P/E ratio of -605.23, 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 twelve month low of $47.08 and a twelve month high of $127.48. The company’s 50 day moving average is $83.86 and its two-hundred day moving average is $74.99.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The company’s revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Marvell Technology declared that its Board of Directors has approved a share repurchase plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.