Thoroughbred Financial Services LLC Raises Stake in Marvell Technology, Inc. $MRVL

Thoroughbred Financial Services LLC lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 26.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,198 shares of the semiconductor company’s stock after buying an additional 3,761 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Marvell Technology were worth $1,546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Trifecta Capital Advisors LLC grew its holdings in shares of Marvell Technology by 8.8% during the third quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock worth $120,000 after buying an additional 116 shares in the last quarter. Faithward Advisors LLC grew its holdings in shares of Marvell Technology by 2.1% during the third quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock worth $525,000 after buying an additional 126 shares in the last quarter. South Plains Financial Inc. grew its holdings in shares of Marvell Technology by 1.6% during the third quarter. South Plains Financial Inc. now owns 8,454 shares of the semiconductor company’s stock worth $711,000 after buying an additional 130 shares in the last quarter. GeoWealth Management LLC grew its holdings in shares of Marvell Technology by 5.1% during the third quarter. GeoWealth Management LLC now owns 2,808 shares of the semiconductor company’s stock worth $236,000 after buying an additional 135 shares in the last quarter. Finally, Parisi Gray Wealth Management grew its holdings in shares of Marvell Technology by 0.8% during the fourth quarter. Parisi Gray Wealth Management now owns 17,378 shares of the semiconductor company’s stock worth $1,477,000 after buying an additional 143 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell reported revenue of $2.42 billion, ahead of estimates, with EPS of $0.80 matching expectations, showing solid execution as data center demand remained strong. Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2027 Financial Results
• Positive Sentiment: The company raised fiscal 2027 and 2028 revenue outlooks, citing exceptional AI-related bookings and stronger networking/custom silicon demand, which supports the view that growth could accelerate further. Marvell Lifts FY2027 Outlook As Revenue Growth Nears 40%
• Positive Sentiment: Multiple Wall Street firms raised price targets after the report, including JPMorgan, Bank of America, RBC, Stifel, Citi, UBS and Benchmark, signaling growing confidence in Marvell’s AI infrastructure opportunity. Marvell Buy Rating Reiterated as Arcuri Lifts Price Target to $230 on Accelerating AI-Driven Data Center Momentum
• Neutral Sentiment: Management highlighted “agentic AI” as a potential new driver for networking and infrastructure demand, reinforcing the long-term growth story but offering more strategic commentary than near-term financial impact. Marvell Thinks Agentic AI Could Trigger Another Infrastructure Boom
• Negative Sentiment: Despite the beat and higher guidance, some investors sold the stock anyway, suggesting the market is worried the AI growth story is already priced in after a strong run-up. Marvell Stock Drops After Earnings Beat. It Sees Growth in Powering the AI Boom.

Insider Activity

In other Marvell Technology news, CFO Willem A. Meintjes sold 30,000 shares of Marvell Technology stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the transaction, the chief financial officer directly owned 154,111 shares of the company’s stock, valued at $20,652,415.11. The trade was a 16.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark Casper sold 10,854 shares of Marvell Technology stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $107.01, for a total transaction of $1,161,486.54. Following the transaction, the executive vice president directly owned 4,023 shares in the company, valued at approximately $430,501.23. This trade represents a 72.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 245,060 shares of company stock valued at $29,901,072 over the last quarter. 0.12% of the stock is owned by insiders.

Marvell Technology Trading Up 3.1%

Shares of MRVL stock opened at $204.83 on Friday. The stock has a market cap of $183.80 billion, a price-to-earnings ratio of 70.15, a price-to-earnings-growth ratio of 1.66 and a beta of 2.25. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a fifty-two week low of $58.61 and a fifty-two week high of $218.26. The firm’s 50 day moving average price is $143.83 and its two-hundred day moving average price is $105.25.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 14.89%. Marvell Technology’s revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 3.04 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s payout ratio is 7.79%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MRVL shares. Cantor Fitzgerald lifted their price target on shares of Marvell Technology from $190.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley lifted their price target on shares of Marvell Technology from $172.00 to $195.00 and gave the stock an “equal weight” rating in a report on Thursday. Scotiabank initiated coverage on shares of Marvell Technology in a research report on Tuesday. They issued an “outperform” rating on the stock. Oppenheimer raised their target price on shares of Marvell Technology from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, UBS Group raised their target price on shares of Marvell Technology from $195.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.64.

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.