Axxcess Wealth Management LLC Sells 440 Shares of Marvell Technology, Inc. $MRVL

Axxcess Wealth Management LLC reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 7.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,559 shares of the semiconductor company’s stock after selling 440 shares during the period. Axxcess Wealth Management LLC’s holdings in Marvell Technology were worth $430,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRVL. Nuveen LLC bought a new stake in Marvell Technology during the 1st quarter worth approximately $399,587,000. Goldman Sachs Group Inc. grew its holdings in shares of Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after acquiring an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Marvell Technology by 748.3% in the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock valued at $227,033,000 after acquiring an additional 3,264,557 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock valued at $187,566,000 after acquiring an additional 2,710,894 shares in the last quarter. Finally, DnB Asset Management AS grew its holdings in shares of Marvell Technology by 1,167.6% in the first quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock valued at $124,116,000 after acquiring an additional 1,856,833 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology Trading Down 0.3%

NASDAQ:MRVL opened at $87.95 on Friday. The company has a market cap of $75.82 billion, a P/E ratio of -676.54, a P/E/G ratio of 1.07 and a beta of 1.94. The stock’s fifty day moving average price is $76.56 and its two-hundred day moving average price is $69.67. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. 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 (NASDAQ:MRVL) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The firm 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%.The business’s quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology announced that its Board of Directors has initiated a share buyback program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy 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 stock is undervalued.

Marvell Technology Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Matthew J. Murphy bought 13,600 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the transaction, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sandeep Bharathi acquired 3,400 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the insider directly owned 73,392 shares of the company’s stock, valued at $5,726,777.76. This represents a 4.86% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 27,200 shares of company stock worth $2,109,632. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen reaffirmed a “hold” rating and issued a $85.00 target price (down from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Wells Fargo & Company reduced their target price on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Bank of America reaffirmed a “neutral” rating and issued a $78.00 target price (down from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Jefferies Financial Group dropped their price objective on Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Finally, BNP Paribas upgraded Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.06.

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.