Moors & Cabot Inc. Has $1.53 Million Position in Marvell Technology, Inc. $MRVL

Moors & Cabot Inc. grew its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 186.4% in the second quarter, HoldingsChannel.com reports. The fund owned 19,802 shares of the semiconductor company’s stock after buying an additional 12,889 shares during the period. Moors & Cabot Inc.’s holdings in Marvell Technology were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Hughes Financial Services LLC bought a new stake in Marvell Technology in the first quarter valued at approximately $26,000. Financial Connections Group Inc. lifted its holdings in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology in the second quarter valued at $27,000. Vision Financial Markets LLC acquired a new stake in shares of Marvell Technology during the 1st quarter worth about $28,000. Finally, Kiker Wealth Management LLC boosted its holdings in shares of Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Trading Up 0.5%

Shares of Marvell Technology stock opened at $93.33 on Friday. The company has a market capitalization of $80.46 billion, a price-to-earnings ratio of -717.92, a PEG ratio of 1.10 and a beta of 1.95. 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, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The firm’s 50-day moving average price is $80.14 and its two-hundred day moving average price is $73.05.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the company earned $0.30 EPS. The business’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. On average, analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

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

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is currently -184.62%.

Insiders Place Their Bets

In other Marvell Technology news, CFO Willem A. Meintjes purchased 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the purchase, the chief executive officer 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 disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MRVL shares. Benchmark reissued a “buy” rating and issued a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Morgan Stanley lowered their target price on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Friday, August 29th. Summit Redstone set a $105.00 price target on Marvell Technology in a research note on Wednesday, October 15th. Zacks Research raised Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.06.

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.