Intellus Advisors LLC Acquires New Position in Marvell Technology, Inc. $MRVL

Intellus Advisors LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,600 shares of the semiconductor company’s stock, valued at approximately $1,053,000.

A number of other institutional investors have also modified their holdings of MRVL. Coldstream Capital Management Inc. boosted its holdings in shares of Marvell Technology by 59.4% in the second quarter. Coldstream Capital Management Inc. now owns 13,796 shares of the semiconductor company’s stock valued at $1,068,000 after purchasing an additional 5,142 shares during the period. Quantum Private Wealth LLC increased its holdings in Marvell Technology by 1.9% during the 2nd quarter. Quantum Private Wealth LLC now owns 34,950 shares of the semiconductor company’s stock worth $2,705,000 after purchasing an additional 667 shares during the period. Charles Schwab Investment Management Inc. raised its position in Marvell Technology by 3.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,712,938 shares of the semiconductor company’s stock valued at $287,381,000 after purchasing an additional 116,251 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Marvell Technology by 139.3% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 425,951 shares of the semiconductor company’s stock worth $32,969,000 after buying an additional 247,932 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Marvell Technology by 112.4% in the 2nd quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock worth $626,756,000 after buying an additional 4,285,330 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Matthew J. Murphy bought 13,600 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Chris Koopmans purchased 6,800 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, with a total value of $530,604.00. Following the completion of the acquisition, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 27,200 shares of company stock worth $2,109,632 over the last ninety days. 0.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MRVL. Barclays restated an “equal weight” rating and set a $80.00 price target on shares of Marvell Technology in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Benchmark restated a “buy” rating and issued a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. TD Cowen reiterated a “hold” rating and set a $85.00 price objective (down from $90.00) on shares of Marvell Technology in a research note on Wednesday, October 1st. Finally, Evercore ISI cut their price objective on shares of Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a report on Friday, August 29th. Three equities research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $93.94.

Marvell Technology Price Performance

Shares of MRVL stock opened at $77.45 on Monday. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. 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 firm has a market capitalization of $66.77 billion, a price-to-earnings ratio of -595.77, a PEG ratio of 1.10 and a beta of 1.95. The stock’s 50-day simple moving average is $84.55 and its 200-day simple moving average is $75.38.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results 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 company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company earned $0.30 EPS. Marvell Technology’s quarterly 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. As a group, equities analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology announced that its Board of Directors has initiated a share 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 repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Marvell Technology Dividend Announcement

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

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.