Thrivent Financial for Lutherans Has $10.53 Million Stake in Marvell Technology, Inc. $MRVL

Thrivent Financial for Lutherans lowered its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 52.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,262 shares of the semiconductor company’s stock after selling 139,919 shares during the period. Thrivent Financial for Lutherans’ holdings in Marvell Technology were worth $10,531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Game Plan Financial Advisors LLC acquired a new position in Marvell Technology in the second quarter worth $27,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of Marvell Technology by 160.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. Kiker Wealth Management LLC raised its holdings in shares of Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares during the last quarter. Nova Wealth Management Inc. lifted its position in Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after buying an additional 353 shares in the last quarter. Finally, Westside Investment Management Inc. lifted 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 in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Marvell Technology

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: RBC reiterated an Outperform on MRVL, saying the company’s AI infrastructure exposure and strategy strengthen the long‑term case for the stock. RBC Reiterates Outperform on Marvell (MRVL) as AI Infrastructure Thesis Strengthens
• Positive Sentiment: The Globe and Mail flagged a new “Buy” recommendation for Marvell, adding to the list of bullish analyst views that see upside from AI and connectivity end markets. Marvell (MRVL): New Buy Recommendation for This Technology Giant
• Positive Sentiment: Coverage framing the Celestial AI deal as a strategic refocus on AI data‑center connectivity highlights long‑term photonics and AI interconnect upside for Marvell’s roadmap. Marvell Celestial AI Deal Refocuses Thesis On AI Data Center Connectivity
• Neutral Sentiment: Marvell confirmed it has completed the Celestial AI acquisition — a strategic, multi‑year growth play whose financial contribution is expected further out, leaving near‑term impact mixed. Marvell Technology, Inc. Completes Acquisition of Celestial AI
• Neutral Sentiment: Several analyst notes provide mixed views — some reiterate buys with trimmed targets while others call for caution, reflecting differing timelines for Celestial’s payoff versus near‑term EPS pressure. Analysts Offer Insights on Technology Companies: Marvell (MRVL) and Evertec (EVTC)
• Negative Sentiment: Multiple firms trimmed price targets (Needham, Rosenblatt, Citigroup among others) or lowered targets while keeping Buy ratings — those cuts have pressured the stock near term. Marvell Technology Stock Slips As Analysts Cut Price Targets
• Negative Sentiment: Bank of America (via research coverage) kept a Hold and lowered its price target to $90, citing execution, customer concentration and dilution risks tied to the Celestial deal. Marvell: Neutral Outlook Balances Celestial AI Upside Against Execution, Concentration, and Dilution Risks
• Negative Sentiment: Market commentators including Jim Cramer labeled Marvell a “derivative” company — a characterization that can dampen investor enthusiasm among retail flows. Jim Cramer on Marvell: “They’re an Excellent Company, But They’re a Derivative Company”
• Negative Sentiment: Zacks and market‑flow pieces noted MRVL has recently declined more than the broader market, tying the move to the analyst reactions and near‑term uncertainty around integration and dilution. Here’s Why Marvell Technology (MRVL) Fell More Than Broader Market

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MRVL shares. Zacks Research downgraded shares of Marvell Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Morgan Stanley set a $112.00 price target on shares of Marvell Technology in a report on Wednesday, December 3rd. The Goldman Sachs Group boosted their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective (up from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Marvell Technology from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus target price of $115.31.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by insiders.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $73.73 on Thursday. The firm has a fifty day moving average of $85.37 and a two-hundred day moving average of $81.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The stock has a market capitalization of $62.53 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 0.56 and a beta of 1.97. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $121.81.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were given 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 was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

Marvell Technology Company Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.