WCG Wealth Advisors LLC Takes $1.17 Million Position in Marvell Technology, Inc. $MRVL

WCG Wealth Advisors LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the second quarter, Holdings Channel reports. The institutional investor bought 15,070 shares of the semiconductor company’s stock, valued at approximately $1,166,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Marvell Technology by 1.1% in the second quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock valued at $4,987,906,000 after purchasing an additional 673,110 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after buying an additional 5,050,159 shares during the last quarter. Norges Bank acquired a new position in Marvell Technology in the 2nd quarter valued at about $716,713,000. Ameriprise Financial Inc. raised its stake in Marvell Technology by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company’s stock valued at $562,991,000 after acquiring an additional 227,555 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Marvell Technology by 112.4% during the 2nd quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock worth $626,756,000 after acquiring an additional 4,285,330 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In related news, CFO Willem A. Meintjes acquired 3,400 shares of the business’s 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 $265,302.00. Following the transaction, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Chris Koopmans bought 6,800 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the purchase, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MRVL shares. BNP Paribas raised Marvell Technology to a “strong-buy” rating in a report on Friday, August 29th. Hsbc Global Res upgraded shares of Marvell Technology to a “hold” rating in a research report on Monday, November 24th. Oppenheimer reaffirmed an “outperform” rating on shares of Marvell Technology in a report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research note on Monday. Finally, Cowen cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $101.25.

Marvell Technology Stock Up 2.0%

Shares of NASDAQ MRVL opened at $92.89 on Wednesday. The stock has a market capitalization of $80.08 billion, a price-to-earnings ratio of -714.54, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The firm has a 50-day moving average price of $86.75 and a 200 day moving average price of $76.61. 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 (NASDAQ:MRVL) last issued its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

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

Marvell Technology Dividend Announcement

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

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.