Milestone Asset Management LLC Makes New $523,000 Investment in Marvell Technology, Inc. $MRVL

Milestone Asset Management LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,760 shares of the semiconductor company’s stock, valued at approximately $523,000.

Several other hedge funds have also recently modified their holdings of MRVL. Key Financial Inc bought a new stake in shares of Marvell Technology in the 2nd quarter worth approximately $52,000. Bridgewater Advisors Inc. bought a new stake in shares of Marvell Technology in the 2nd quarter worth approximately $283,000. Machina Capital S.A.S. raised its holdings in shares of Marvell Technology by 376.8% in the 2nd quarter. Machina Capital S.A.S. now owns 17,832 shares of the semiconductor company’s stock worth $1,380,000 after purchasing an additional 14,092 shares during the period. Westside Investment Management Inc. raised its holdings in shares of Marvell Technology by 62.5% in the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 160 shares during the period. Finally, Sigma Planning Corp raised its holdings in shares of Marvell Technology by 32.7% in the 2nd quarter. Sigma Planning Corp now owns 11,183 shares of the semiconductor company’s stock worth $866,000 after purchasing an additional 2,757 shares during the period. Institutional investors own 83.51% of the company’s stock.

Insider Activity

In other news, CFO Willem A. Meintjes purchased 3,400 shares of Marvell Technology stock in a transaction dated 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sandeep Bharathi purchased 3,400 shares of Marvell Technology 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 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 SEC filing for this purchase provides additional information. Insiders have bought 27,200 shares of company stock valued at $2,109,632 over the last 90 days. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a report on Friday, August 29th. Roth Capital reaffirmed a “buy” rating on shares of Marvell Technology in a report on Wednesday, October 15th. Zacks Research raised shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Wells Fargo & Company lowered their price target on shares of Marvell Technology from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $93.06.

Marvell Technology Trading Down 3.1%

Shares of MRVL stock opened at $87.59 on Wednesday. The company’s fifty day simple moving average is $79.45 and its two-hundred day simple moving average is $72.76. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The stock has a market capitalization of $75.51 billion, a price-to-earnings ratio of -673.77, a PEG ratio of 1.10 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (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 revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter 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 anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology declared that its Board of Directors has initiated a stock repurchase program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were 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 was Friday, October 10th. 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.