Marvell Technology, Inc. $MRVL Shares Acquired by EPG Wealth Management LLC

EPG Wealth Management LLC lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,054 shares of the semiconductor company’s stock after purchasing an additional 944 shares during the period. EPG Wealth Management LLC’s holdings in Marvell Technology were worth $856,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MRVL. TIAA Trust National Association grew its position in Marvell Technology by 77.0% during the 2nd quarter. TIAA Trust National Association now owns 50,041 shares of the semiconductor company’s stock worth $3,873,000 after purchasing an additional 21,765 shares during the last quarter. Zweig DiMenna Associates LLC grew its position in Marvell Technology by 201.1% during the 2nd quarter. Zweig DiMenna Associates LLC now owns 259,027 shares of the semiconductor company’s stock worth $20,049,000 after purchasing an additional 173,000 shares during the last quarter. Versor Investments LP purchased a new position in Marvell Technology during the 2nd quarter worth $286,000. Triglav Investments D.O.O. purchased a new position in Marvell Technology during the 2nd quarter worth $1,548,000. Finally, Geneva Capital Management LLC grew its position in Marvell Technology by 7.6% during the 2nd quarter. Geneva Capital Management LLC now owns 32,671 shares of the semiconductor company’s stock worth $2,529,000 after purchasing an additional 2,312 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on MRVL. UBS Group raised their price objective on shares of Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. lowered their price objective on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. BNP Paribas upgraded shares of Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Finally, Oppenheimer raised their target price on shares of Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $93.06.

Insider Activity

In other news, CEO Matthew J. Murphy purchased 13,600 shares of the stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. This represents a 5.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Willem A. Meintjes purchased 3,400 shares of the stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is owned by corporate insiders.

Marvell Technology Stock Up 5.8%

Shares of NASDAQ MRVL opened at $93.71 on Monday. 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, 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 $78.84 and a 200 day moving average price of $72.24. The stock has a market capitalization of $80.79 billion, a price-to-earnings ratio of -720.85, a price-to-earnings-growth ratio of 1.10 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $2.01 billion during 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 revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Marvell Technology announced that its Board of Directors has approved a share repurchase program on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.