REAP Financial Group LLC Raises Position in Marvell Technology, Inc. $MRVL

REAP Financial Group LLC grew its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 253.0% during the 2nd quarter, Holdings Channel reports. The fund owned 833 shares of the semiconductor company’s stock after buying an additional 597 shares during the quarter. REAP Financial Group LLC’s holdings in Marvell Technology were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MRVL. Hughes Financial Services LLC purchased a new stake in shares of Marvell Technology in the first quarter valued at about $26,000. Rossby Financial LCC purchased a new stake in shares of Marvell Technology in the first quarter valued at about $27,000. Financial Connections Group Inc. boosted its holdings in shares of Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 388 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in shares of Marvell Technology in the first quarter valued at about $28,000. Finally, Security National Bank purchased a new stake in shares of Marvell Technology in the first quarter valued at about $31,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Up 6.4%

Shares of NASDAQ MRVL opened at $92.50 on Thursday. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a market capitalization of $79.74 billion, a PE ratio of -711.54, a price-to-earnings-growth ratio of 1.06 and a beta of 1.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The firm’s 50-day moving average is $74.95 and its two-hundred day moving average is $68.55.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 57.6% compared to the same quarter last year. 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 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology’s dividend payout ratio is -184.62%.

Marvell Technology declared that its board has authorized a share repurchase plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on MRVL shares. Barclays reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Benchmark reissued a “buy” rating and set a $95.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. The Goldman Sachs Group assumed coverage on shares of Marvell Technology in a report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price objective on the stock. TD Cowen reissued a “hold” rating and set a $85.00 price objective (down previously from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Finally, Cowen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.67.

Insider Buying and Selling

In other Marvell Technology news, CEO Matthew J. Murphy purchased 13,600 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were bought at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the company’s stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the sale, the executive vice president directly owned 17,163 shares in the company, valued at $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is owned by company insiders.

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.