Beacon Pointe Advisors LLC Buys 8,706 Shares of Marvell Technology, Inc. $MRVL

Beacon Pointe Advisors LLC grew its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 37.2% during the second quarter, Holdings Channel reports. The institutional investor owned 32,130 shares of the semiconductor company’s stock after acquiring an additional 8,706 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Marvell Technology were worth $2,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. First Horizon Advisors Inc. boosted its holdings in Marvell Technology by 6.9% in the second quarter. First Horizon Advisors Inc. now owns 2,115 shares of the semiconductor company’s stock worth $164,000 after acquiring an additional 137 shares in the last quarter. Richards Merrill & Peterson Inc. lifted its holdings in shares of Marvell Technology by 4.0% during the second quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 139 shares during the period. Retirement Planning Group LLC NY boosted its position in Marvell Technology by 4.0% in the second quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock valued at $288,000 after buying an additional 142 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Marvell Technology by 0.8% in the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock valued at $1,544,000 after buying an additional 151 shares during the last quarter. Finally, Mayflower Financial Advisors LLC increased its holdings in Marvell Technology by 3.4% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,579 shares of the semiconductor company’s stock worth $354,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Down 2.0%

Shares of NASDAQ MRVL opened at $98.19 on Friday. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The stock has a market cap of $84.65 billion, a PE ratio of 34.45, a P/E/G ratio of 1.20 and a beta of 1.93. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $87.44 and a 200 day moving average of $76.92.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.31%. The business’s revenue was up 36.8% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its board has initiated a share buyback 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 purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were issued a $0.06 dividend. The ex-dividend date was Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. Marvell Technology’s dividend payout ratio is currently 8.42%.

Insiders Place Their Bets

In other Marvell Technology news, CEO Matthew J. Murphy bought 13,600 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the purchase, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Chris Koopmans bought 6,800 shares of the firm’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 $530,604.00. Following the transaction, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. The trade was a 6.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a report on Wednesday. B. Riley reissued a “buy” rating and issued a $130.00 price target (up from $100.00) on shares of Marvell Technology in a report on Wednesday. KeyCorp raised their target price on Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday. Summit Insights raised Marvell Technology from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Roth Capital increased their target price on Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $111.00.

Marvell Technology Company 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.