Trust Co. of Vermont Acquires 400 Shares of Marvell Technology, Inc. $MRVL

Trust Co. of Vermont increased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 62.4% in the second quarter, HoldingsChannel.com reports. The fund owned 1,041 shares of the semiconductor company’s stock after acquiring an additional 400 shares during the period. Trust Co. of Vermont’s holdings in Marvell Technology were worth $81,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new stake in shares of Marvell Technology during the 1st quarter valued at about $26,000. Rossby Financial LCC bought a new position in Marvell Technology in the first quarter worth about $27,000. Financial Connections Group Inc. lifted its holdings in Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after buying an additional 388 shares during the period. Vision Financial Markets LLC bought a new stake in Marvell Technology during the 1st quarter valued at approximately $28,000. Finally, Security National Bank purchased a new position in shares of Marvell Technology during the 1st quarter worth approximately $31,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on MRVL. B. Riley restated a “buy” rating and issued a $115.00 target price (up previously from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Benchmark reissued a “buy” rating and set a $95.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. The Goldman Sachs Group initiated coverage on shares of Marvell Technology in a research report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 target price on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Finally, UBS Group dropped their price objective on shares of Marvell Technology from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.67.

Marvell Technology Trading Up 2.8%

NASDAQ:MRVL opened at $86.20 on Friday. The stock has a market cap of $74.31 billion, a price-to-earnings ratio of -663.08, a PEG ratio of 1.03 and a beta of 1.94. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average price is $74.03 and its 200-day moving average price is $68.03. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data 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 positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the firm posted $0.30 EPS. The firm’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. On average, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is -184.62%.

Marvell Technology declared that its board has authorized a stock repurchase plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew J. Murphy acquired 13,600 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the transaction, the chief executive officer owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 27,200 shares of company stock worth $2,109,632 in the last three months. 0.19% of the stock is currently owned by company insiders.

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.