Marvell Technology, Inc. $MRVL Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 8.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 32,347 shares of the semiconductor company’s stock after selling 3,035 shares during the period. Apollon Wealth Management LLC’s holdings in Marvell Technology were worth $2,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Game Plan Financial Advisors LLC acquired a new position in Marvell Technology during the 2nd quarter worth approximately $27,000. Hughes Financial Services LLC acquired a new position in Marvell Technology during the 1st quarter worth approximately $26,000. Financial Connections Group Inc. lifted its position in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 388 shares in the last quarter. DiNuzzo Private Wealth Inc. lifted its position 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 acquiring an additional 393 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in Marvell Technology during the 1st quarter worth approximately $27,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on MRVL. Oppenheimer upped their target price on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday. The Goldman Sachs Group began coverage on Marvell Technology in a research report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 target price on the stock. Wells Fargo & Company cut their target price on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. Morgan Stanley cut their target price on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Friday, August 29th. Finally, BNP Paribas raised Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $92.33.

Marvell Technology Stock Performance

MRVL stock opened at $85.61 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market cap of $73.80 billion, a P/E ratio of -658.54, a P/E/G ratio of 1.05 and a beta of 1.94. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The stock’s 50 day simple moving average is $75.38 and its 200 day simple moving average is $68.82.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly 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. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business’s revenue was up 57.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Marvell Technology declared that its Board of Directors has approved a share buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Marvell Technology

In related news, COO Chris Koopmans acquired 6,800 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark Casper sold 3,000 shares of the company’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares of the company’s stock, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is owned by insiders.

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.