Salem Investment Counselors Inc. Sells 6,200 Shares of Marvell Technology, Inc. $MRVL

Salem Investment Counselors Inc. cut its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 124,133 shares of the semiconductor company’s stock after selling 6,200 shares during the quarter. Marvell Technology comprises about 0.8% of Salem Investment Counselors Inc.’s investment portfolio, making the stock its 27th largest position. Salem Investment Counselors Inc.’s holdings in Marvell Technology were worth $32,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Cape ANN Savings Bank lifted its stake in shares of Marvell Technology by 2.3% in the second quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock valued at $669,000 after purchasing an additional 50 shares during the period. Arlington Trust Co LLC boosted its holdings in Marvell Technology by 24.1% during the second quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock worth $80,000 after buying an additional 52 shares in the last quarter. GoalVest Advisory LLC grew its position in Marvell Technology by 26.0% during the second quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock worth $94,000 after buying an additional 65 shares during the period. Mayflower Financial Advisors LLC grew its position in Marvell Technology by 1.7% during the first quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock worth $407,000 after buying an additional 68 shares during the period. Finally, Bell Investment Advisors Inc grew its position in Marvell Technology by 12.9% during the first quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock worth $62,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MRVL. Cantor Fitzgerald increased their target price on shares of Marvell Technology from $330.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, October 7th. Oppenheimer reissued an “outperform” rating and set a $425.00 price target on shares of Marvell Technology in a research note on Wednesday, October 7th. Jefferies Financial Group upped their price target on Marvell Technology from $325.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Seaport Research Partners initiated coverage on Marvell Technology in a report on Tuesday, September 22nd. They issued a “buy” rating and a $270.00 price target on the stock. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Marvell Technology in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $320.82.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $268.73 on Wednesday. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $239.66 and its 200 day moving average price is $213.96. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The stock has a market cap of $235.65 billion, a price-to-earnings ratio of 88.69, a PEG ratio of 7.92 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. The firm’s quarterly revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, research analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Friday, October 9th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 7.92%.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell raised its fiscal 2028 revenue target to approximately $20 billion, above the $18.2 billion consensus estimate, and projected fiscal 2031 revenue of $70 billion to $90 billion. The company expects AI-driven connectivity, optics and custom silicon to drive data-center revenue toward $18 billion by fiscal 2028. Marvell: A Strong Buy With a $90 Billion Opportunity
• Positive Sentiment: Management also outlined ambitious profitability goals, including a 44%–46% operating margin and free-cash-flow margins above 36% by fiscal 2031. The targets reinforce the bullish view that Marvell can convert AI infrastructure demand into substantial earnings and cash flow growth. Marvell Raises Its 2028 Revenue Target to $20 Billion
• Positive Sentiment: New product announcements support the growth narrative. Marvell introduced second-generation Structera X CXL 3.2 memory expanders for AI inference and new 3.2T retimer and 1.6T active electrical-cable DSP products aimed at higher-bandwidth, lower-power data centers. Marvell Unveils Second-generation Structera X
• Positive Sentiment: A collaboration with Microsoft and Oracle through the Open Compute Project will pursue standardized hardware security for hyperscale data centers. Continued work with major cloud providers, including Microsoft’s Maia 300 program, could strengthen Marvell’s custom-chip and connectivity opportunities. Marvell, Microsoft and Oracle Establish OCP Working Group
• Neutral Sentiment: Analysts and financial commentators remain broadly bullish, but Marvell has already risen more than 200% in 2026. The debate is increasingly whether the company can deliver enough growth to justify its premium valuation rather than whether demand exists.
• Negative Sentiment: MRVL has recently been pressured by a broader AI-chip selloff and profit-taking despite the positive announcements. With a high earnings multiple and elevated volatility, investors may continue locking in gains if execution or industry sentiment softens. Marvell Stock Falls Despite Structera X Launch
• Negative Sentiment: A Marvell chief accounting officer sold approximately $301,000 of company stock, adding a minor insider-selling signal amid heightened valuation concerns.

Insider Buying and Selling at Marvell Technology

In other news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $262.05, for a total value of $2,620,500.00. Following the completion of the transaction, the chief operating officer directly owned 207,941 shares of the company’s stock, valued at $54,490,939.05. The trade was a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total value of $1,675,425.00. Following the completion of the transaction, the chief executive officer directly owned 775,686 shares of the company’s stock, valued at approximately $173,280,495.54. This trade represents a 0.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 46,100 shares of company stock worth $10,205,174. 0.12% of the stock is owned by insiders.

Marvell Technology Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.