Meridian Wealth Management LLC Makes New Investment in Marvell Technology, Inc. $MRVL

Meridian Wealth Management LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, Holdings Channel.com reports. The institutional investor bought 99,684 shares of the semiconductor company’s stock, valued at approximately $7,716,000.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Marvell Technology during the 1st quarter valued at about $399,587,000. Goldman Sachs Group Inc. grew its position in Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the last quarter. AQR Capital Management LLC increased its stake in Marvell Technology by 662.9% during the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock valued at $187,566,000 after purchasing an additional 2,710,894 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Marvell Technology by 48.3% in the second quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock worth $555,650,000 after buying an additional 2,344,245 shares during the last quarter. Finally, DnB Asset Management AS lifted its stake in shares of Marvell Technology by 1,167.6% during the first quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock worth $124,116,000 after buying an additional 1,856,833 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the company. Benchmark reaffirmed a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Bank of America reissued a “neutral” rating and set a $78.00 price target (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Roth Capital reaffirmed a “buy” rating on shares of Marvell Technology in a report on Wednesday, October 15th. Cantor Fitzgerald reissued a “neutral” rating and set a $75.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Finally, Summit Redstone set a $105.00 price target on Marvell Technology in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Buying and Selling at Marvell Technology

In related news, CEO Matthew J. Murphy purchased 13,600 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the transaction, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Willem A. Meintjes acquired 3,400 shares of Marvell Technology stock in a transaction that occurred on 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 transaction, the chief financial officer owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This represents a 2.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 27,200 shares of company stock worth $2,109,632 over the last three months. 0.19% of the stock is owned by corporate insiders.

Marvell Technology Trading Down 1.2%

Shares of MRVL stock opened at $86.45 on Friday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a market cap of $74.53 billion, a price-to-earnings ratio of -665.00, a PEG ratio of 1.10 and a beta of 1.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The stock has a 50 day simple moving average of $83.27 and a 200-day simple moving average of $74.49.

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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Marvell Technology announced that its Board of Directors has authorized a share repurchase plan 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 plans are typically an indication that the company’s board of directors believes its shares are 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.