B. Riley Wealth Advisors 13F: Adds $2.8M to MRVL Stake

B. Riley Wealth Advisors recently boosted its stake in Marvell Technology, Inc. (NasdaqGS: MRVL) by 62.6%. The advisory firm added 10,573 shares, bringing its total holdings to 27,457 shares, valued at approximately $7.25 million. This update comes from the latest Form 13F filing with the SEC, reflecting holdings as of the reporting period.

What Changed in B. Riley Wealth Advisors' Marvell Technology Position

B. Riley Wealth Advisors increased its position in Marvell Technology by 62.6%, adding 10,573 shares to its portfolio. This brings the firm's total holdings to 27,457 shares, valued at around $7.25 million. Prior to this filing, the firm held 16,884 shares.

Marvell Technology, Inc. Stock Down 5.9%

Shares of Marvell Technology, Inc. (NasdaqGS: MRVL) traded near $244.25 recently. The company boasts a market capitalization of $231.3 billion and a P/E ratio of 84.9. Its forward P/E is 38.1, indicating investor expectations of future earnings growth. The stock has a 52-week low of $70.69 and a high of $329.88. Marvell's 50-day moving average is $216.38, while the 200-day moving average stands at $159.24. The company's beta is 2.253, suggesting higher volatility compared to the broader market.

Recent Earnings

Marvell Technology reported revenue of approximately $9.45 billion, with a revenue growth rate of 36.5%. The company's net margin is 27.9%, and its return on equity is 16.5%. Earnings per share stand at $3.03. Marvell is expected to announce its next earnings on December 1, 2026.

Dividend

Marvell Technology pays an annual dividend of $0.24, yielding 0.1%. The company's dividend payout ratio is 7.95%, indicating a conservative approach to dividend distribution.

About Marvell Technology

Marvell Technology, Inc. provides semiconductor solutions for data infrastructure, serving markets like data centers and communications. Based in Wilmington, Delaware, the company develops system-on-a-chip architectures and a variety of networking and storage solutions. Led by CEO Matthew J. Murphy, Marvell employs around 7,480 people and operates internationally, offering products through direct customers and distributors.

Bottom Line

B. Riley Wealth Advisors' increased stake in Marvell Technology highlights the advisory firm's confidence in the company's growth prospects. Marvell's strong market position in the semiconductor industry and its recent financial performance make it a closely watched stock. As always, it's important to note that 13F filings are backward-looking and may not reflect the firm's current holdings.