Marvell Technology, Inc. $MRVL Holdings Increased by Kiker Wealth Management LLC

Kiker Wealth Management LLC lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 374.7% in the second quarter, HoldingsChannel reports. The fund owned 356 shares of the semiconductor company’s stock after purchasing an additional 281 shares during the quarter. Kiker Wealth Management LLC’s holdings in Marvell Technology were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MRVL. Taylor Frigon Capital Management LLC increased its position in shares of Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after purchasing an additional 4,748 shares during the period. BOCHK Asset Management Ltd acquired a new position in Marvell Technology during the second quarter worth about $1,486,000. Westbourne Investments Inc. grew its holdings in Marvell Technology by 442.4% during the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after acquiring an additional 17,695 shares during the period. Family Legacy Financial Solutions LLC bought a new stake in Marvell Technology in the second quarter worth about $1,618,000. Finally, Siren L.L.C. lifted its holdings in Marvell Technology by 636.2% in the 1st quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company’s stock valued at $2,266,000 after acquiring an additional 31,808 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $86.22 on Wednesday. The company’s fifty day moving average is $75.83 and its two-hundred day moving average is $69.13. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a market cap of $74.33 billion, a P/E ratio of -663.23, a price-to-earnings-growth ratio of 1.09 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last announced 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 company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the business earned $0.30 EPS. The company’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. Equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

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

Marvell Technology Dividend Announcement

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

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the transaction, the executive vice president directly owned 17,163 shares in the company, valued at $1,241,743.05. The trade was a 14.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the insider owned 73,392 shares in the company, valued at $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 27,200 shares of company stock worth $2,109,632. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of several recent research reports. Barclays reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Wall Street Zen raised Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Morgan Stanley cut their price objective on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, August 29th. JPMorgan Chase & Co. decreased 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. Finally, TD Cowen reaffirmed a “hold” rating and set a $85.00 target price (down from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.67.

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.