Marvell Technology, Inc. $MRVL Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC trimmed its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 22.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,061 shares of the semiconductor company’s stock after selling 1,471 shares during the period. HBK Sorce Advisory LLC’s holdings in Marvell Technology were worth $392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hughes Financial Services LLC acquired a new stake in shares of Marvell Technology during the 1st quarter worth $26,000. Rossby Financial LCC acquired a new stake in Marvell Technology in the 1st quarter valued at $27,000. Financial Connections Group Inc. boosted its position in Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC purchased a new position in Marvell Technology in the 2nd quarter valued at about $27,000. Finally, Vision Financial Markets LLC purchased a new position in Marvell Technology in the 1st quarter valued at about $28,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MRVL has been the subject of a number of analyst reports. Summit Redstone set a $105.00 price objective on shares of Marvell Technology in a research report on Wednesday, October 15th. Needham & Company LLC upped their price objective on shares of Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Wall Street Zen raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. BNP Paribas raised shares of Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Marvell Technology in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.06.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi acquired 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the insider directly owned 73,392 shares in the company, valued at $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew J. Murphy acquired 13,600 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 27,200 shares of company stock worth $2,109,632 in the last ninety days. Insiders own 0.19% of the company’s stock.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $93.71 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company’s 50-day simple moving average is $78.84 and its 200-day simple moving average is $71.97. The stock has a market capitalization of $80.79 billion, a price-to-earnings ratio of -720.85, a PEG ratio of 1.10 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology’s quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts anticipate 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 was paid on Thursday, October 30th. Investors of record on Friday, October 10th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio is -184.62%.

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

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.