Mayflower Financial Advisors LLC Grows Stake in Marvell Technology, Inc. $MRVL

Mayflower Financial Advisors LLC boosted its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,579 shares of the semiconductor company’s stock after purchasing an additional 151 shares during the period. Mayflower Financial Advisors LLC’s holdings in Marvell Technology were worth $354,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. increased its position in Marvell Technology by 4.0% during the second quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock worth $279,000 after buying an additional 139 shares in the last quarter. Retirement Planning Group LLC NY increased its position in Marvell Technology by 4.0% during the second quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock worth $288,000 after buying an additional 142 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Marvell Technology by 0.8% in the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock valued at $1,544,000 after purchasing an additional 151 shares during the period. CHICAGO TRUST Co NA grew its position in shares of Marvell Technology by 3.5% in the second quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 158 shares during the period. Finally, Synovus Financial Corp grew its position in shares of Marvell Technology by 3.5% in the first quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company’s stock valued at $295,000 after purchasing an additional 161 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of recent analyst reports. Oppenheimer lifted their price objective on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Bank of America reiterated a “neutral” rating and issued a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Barclays reiterated an “equal weight” rating and issued a $80.00 target price on shares of Marvell Technology in a report on Monday, October 20th. TD Cowen reiterated a “hold” rating and issued a $85.00 target price (down previously from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Finally, UBS Group lifted their target price on Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have issued 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 a consensus price target of $93.06.

Insiders Place Their Bets

In other Marvell Technology news, COO Chris Koopmans purchased 6,800 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, with a total value of $530,604.00. Following the completion of the acquisition, the chief operating officer owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Willem A. Meintjes purchased 3,400 shares of Marvell Technology stock in a transaction that occurred on 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 directly owned 132,159 shares of the company’s stock, valued at $10,312,366.77. The trade was a 2.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is owned by insiders.

Marvell Technology Trading Up 1.9%

Shares of MRVL opened at $90.15 on Thursday. The stock’s 50-day moving average is $78.08 and its two-hundred day moving average is $71.56. The stock has a market cap of $77.72 billion, a PE ratio of -693.46, a P/E/G ratio of 1.08 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 company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm’s quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s payout ratio is currently -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 shares. This repurchase authorization allows the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Marvell Technology 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.