270,000 Shares in Marvell Technology, Inc. $MRVL Purchased by Trivest Advisors Ltd

Trivest Advisors Ltd bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 270,000 shares of the semiconductor company’s stock, valued at approximately $20,898,000. Marvell Technology makes up 0.8% of Trivest Advisors Ltd’s investment portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC lifted its stake in shares of Marvell Technology by 16.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after purchasing an additional 4,748 shares during the last quarter. Waterfront Wealth Inc. lifted its stake in shares of Marvell Technology by 21.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after purchasing an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd bought a new stake in shares of Marvell Technology in the 2nd quarter valued at approximately $1,486,000. Westbourne Investments Inc. lifted its stake in shares of Marvell Technology by 442.4% in the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after purchasing an additional 17,695 shares during the last quarter. Finally, Triton Financial Group Inc bought a new stake in shares of Marvell Technology in the 2nd quarter valued at approximately $1,543,000. 83.51% of the stock is owned by institutional investors.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes acquired 3,400 shares of Marvell Technology stock in a transaction on 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 acquisition, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This trade represents a 2.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sandeep Bharathi purchased 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 27,200 shares of company stock valued at $2,109,632. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Cowen lowered Marvell Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Benchmark reissued a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Barclays reissued an “equal weight” rating and set a $80.00 price target on shares of Marvell Technology in a research note on Monday, October 20th. JPMorgan Chase & Co. decreased their price target on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Finally, Needham & Company LLC raised their price target on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $93.06.

Marvell Technology Trading Up 6.1%

MRVL opened at $92.90 on Thursday. The stock’s fifty day moving average is $79.82 and its two-hundred day moving average is $72.90. The company has a market capitalization of $80.09 billion, a P/E ratio of -714.62, a PEG ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. 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 (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $2.01 billion for 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 quarterly revenue was up 57.6% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts forecast 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 share buyback plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Marvell Technology Dividend Announcement

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