Perfromance Wealth Partners LLC Invests $212,000 in Marvell Technology, Inc. $MRVL

Perfromance Wealth Partners LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,741 shares of the semiconductor company’s stock, valued at approximately $212,000.

Several other institutional investors also recently modified their holdings of MRVL. Farther Finance Advisors LLC increased its holdings in shares of Marvell Technology by 45.9% during the first quarter. Farther Finance Advisors LLC now owns 8,498 shares of the semiconductor company’s stock worth $533,000 after buying an additional 2,672 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Marvell Technology by 8.4% during the first quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company’s stock worth $927,000 after buying an additional 1,164 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Marvell Technology during the first quarter worth $61,000. Dynamic Advisor Solutions LLC increased its holdings in shares of Marvell Technology by 5.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company’s stock worth $266,000 after buying an additional 206 shares in the last quarter. Finally, Brighton Jones LLC increased its holdings in Marvell Technology by 15.8% in the first quarter. Brighton Jones LLC now owns 10,980 shares of the semiconductor company’s stock valued at $676,000 after purchasing an additional 1,501 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Melius Research increased their price objective on Marvell Technology from $67.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, June 18th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Needham & Company LLC increased their price objective on Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, September 25th. Rosenblatt Securities decreased their price objective on Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 29th. Finally, Cowen cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Two 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $92.67.

Marvell Technology Stock Performance

Shares of MRVL opened at $89.39 on Tuesday. 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 stock has a market capitalization of $77.06 billion, a P/E ratio of -687.62, a price-to-earnings-growth ratio of 1.05 and a beta of 1.94. The firm’s fifty day simple moving average is $75.64 and its two-hundred day simple moving average is $69.01. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48.

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

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be given 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 of this dividend is Friday, October 10th. Marvell Technology’s dividend payout ratio is -184.62%.

Marvell Technology declared that its board has initiated a share buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares of the company’s stock, valued at $1,241,743.05. This represents a 14.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sandeep Bharathi acquired 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is currently owned by 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.