Wilmington Savings Fund Society FSB Increases Holdings in Marvell Technology, Inc. $MRVL

Wilmington Savings Fund Society FSB lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,874 shares of the semiconductor company’s stock after acquiring an additional 924 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Marvell Technology were worth $4,092,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Game Plan Financial Advisors LLC purchased a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $27,000. Kiker Wealth Management LLC boosted its stake in shares of Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in shares of Marvell Technology during the 1st quarter worth approximately $26,000. Financial Connections Group Inc. boosted its stake in shares of Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 388 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its stake in shares of Marvell Technology by 786.0% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In other Marvell Technology news, insider Sandeep Bharathi purchased 3,400 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Chris Koopmans acquired 6,800 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $530,604.00. Following the completion of the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 27,200 shares of company stock worth $2,109,632 in the last three months. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MRVL has been the topic of several research analyst reports. Rosenblatt Securities decreased their price target on Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. BNP Paribas upgraded Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Melius Research lifted their price objective on Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, June 18th. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.67.

Marvell Technology Trading Down 3.5%

Shares of MRVL opened at $86.22 on Wednesday. The stock has a fifty day moving average of $75.83 and a two-hundred day moving average of $69.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The company has a market capitalization of $74.33 billion, a PE ratio of -663.23, a price-to-earnings-growth ratio of 1.09 and a beta of 1.94. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48.

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

Marvell Technology announced that its Board of Directors has initiated a stock buyback plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be issued a $0.06 dividend. The ex-dividend date is Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s payout ratio is -184.62%.

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.