Marvell Technology, Inc. $MRVL Shares Purchased by Capital Investment Counsel Inc

Capital Investment Counsel Inc boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 236.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,490 shares of the semiconductor company’s stock after acquiring an additional 44,607 shares during the quarter. Marvell Technology comprises about 0.7% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 29th biggest holding. Capital Investment Counsel Inc’s holdings in Marvell Technology were worth $4,914,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MRVL. Taylor Frigon Capital Management LLC raised its position in shares of Marvell Technology by 16.5% during the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after purchasing an additional 4,748 shares during the period. Waterfront Wealth Inc. increased its stake in Marvell Technology by 21.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after purchasing an additional 3,258 shares in the last quarter. BOCHK Asset Management Ltd purchased a new position in Marvell Technology in the 2nd quarter worth about $1,486,000. Westbourne Investments Inc. raised its holdings in Marvell Technology by 442.4% during the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after buying an additional 17,695 shares during the period. Finally, Triton Financial Group Inc purchased a new stake in Marvell Technology during the second quarter valued at about $1,543,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

MRVL opened at $89.33 on Thursday. The stock has a fifty day moving average price of $82.34 and a 200 day moving average price of $74.20. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The stock has a market cap of $77.01 billion, a price-to-earnings ratio of -687.15, a PEG ratio of 1.10 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $2.01 billion during 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 period last year, the business earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

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 paid 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 0.3%. Marvell Technology’s payout ratio is -184.62%.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America reissued a “neutral” rating and issued a $78.00 target price (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Wells Fargo & Company lowered their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. Morgan Stanley reduced their target price on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a report on Friday, August 29th. JPMorgan Chase & Co. decreased their target price on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Finally, Benchmark reissued a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.06.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans purchased 6,800 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares in the company, valued at $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. Over the last ninety days, insiders purchased 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is currently owned by 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.