Texas Yale Capital Corp. Boosts Position in Marvell Technology, Inc. $MRVL

Texas Yale Capital Corp. lifted its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 2.0% in the second quarter, HoldingsChannel reports. The firm owned 36,803 shares of the semiconductor company’s stock after buying an additional 730 shares during the period. Texas Yale Capital Corp.’s holdings in Marvell Technology were worth $2,849,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Game Plan Financial Advisors LLC purchased a new stake in Marvell Technology during the 2nd quarter worth approximately $27,000. Kiker Wealth Management LLC increased its position in Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 281 shares during the period. Hughes Financial Services LLC acquired a new stake in shares of Marvell Technology during the first quarter worth $26,000. Westside Investment Management Inc. raised its position in Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after buying an additional 160 shares during the last quarter. Finally, Financial Connections Group Inc. lifted its stake in shares of Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 388 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were 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 directly owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Willem A. Meintjes purchased 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the chief financial officer directly owned 132,159 shares in the company, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 27,200 shares of company stock worth $2,109,632. Company insiders own 0.19% of the company’s stock.

Marvell Technology Stock Up 0.5%

Shares of MRVL opened at $93.33 on Friday. The firm has a market cap of $80.46 billion, a PE ratio of -717.92, a price-to-earnings-growth 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. The company’s fifty day moving average is $80.14 and its two-hundred day moving average is $73.05. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48.

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 analysts’ consensus estimates of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company earned $0.30 EPS. The company’s revenue was up 57.6% on a year-over-year basis. 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 announced that its Board of Directors has approved a stock repurchase plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Marvell Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MRVL. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Barclays reaffirmed an “equal weight” rating and issued a $80.00 target price on shares of Marvell Technology in a report on Monday, October 20th. Cantor Fitzgerald restated a “neutral” rating and issued a $75.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Oppenheimer lifted their price objective on Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, BNP Paribas upgraded Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.06.

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.