Revere Asset Management Inc Acquires New Holdings in Marvell Technology, Inc. $MRVL

Revere Asset Management Inc purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 24,100 shares of the semiconductor company’s stock, valued at approximately $7,179,000. Marvell Technology accounts for about 2.8% of Revere Asset Management Inc’s holdings, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC increased its position in shares of Marvell Technology by 978.3% during the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after buying an additional 225 shares during the period. Cherry Tree Wealth Management LLC acquired a new position in Marvell Technology in the fourth quarter valued at $26,000. C M Bidwell & Associates Ltd. bought a new stake in Marvell Technology during the second quarter valued at $27,000. MidFirst Bank acquired a new stake in Marvell Technology during the 4th quarter worth about $28,000. Finally, Aberdeen Wealth Management LLC bought a new position in shares of Marvell Technology in the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on MRVL. Wells Fargo & Company upped their target price on Marvell Technology from $240.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. HC Wainwright restated a “buy” rating on shares of Marvell Technology in a report on Tuesday, August 25th. HSBC set a $300.00 price objective on shares of Marvell Technology and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Roth Capital reiterated a “buy” rating and set a $350.00 target price on shares of Marvell Technology in a research report on Thursday, August 20th. Finally, Piper Sandler assumed coverage on shares of Marvell Technology in a research note on Wednesday. They set an “overweight” rating and a $270.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $270.47.

Marvell Technology Stock Down 7.3%

Marvell Technology stock traded down $17.28 during mid-day trading on Monday, reaching $218.82. The stock had a trading volume of 21,991,342 shares, compared to its average volume of 28,553,881. The firm has a market capitalization of $191.88 billion, a PE ratio of 72.22, a price-to-earnings-growth ratio of 2.29 and a beta of 2.25. Marvell Technology, Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $329.88. The stock’s 50-day simple moving average is $216.41 and its 200-day simple moving average is $187.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. Marvell Technology’s revenue for the quarter was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, sell-side analysts forecast that Marvell Technology, Inc. will post 3.03 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 7.92%.

Insider Buying and Selling at Marvell Technology

In related news, CFO Daniel Durn sold 2,250 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the sale, the chief financial officer owned 6,902 shares in the company, valued at $1,939,531.02. This represents a 24.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the transaction, the chief operating officer directly owned 227,941 shares in the company, valued at approximately $41,143,350.50. The trade was a 4.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,981 shares of company stock valued at $9,727,132 over the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: An analyst raised the forecast for Marvell’s second-quarter earnings per share, providing a modestly favorable signal for near-term results. Marvell’s latest reported quarter also showed strong year-over-year revenue growth and an EPS beat. Q2 EPS Forecast for Marvell Technology Boosted by Analyst
• Positive Sentiment: Marvell is preparing to highlight its data-center portfolio and remains positioned to benefit from demand for custom silicon and AI connectivity products if hyperscaler spending continues. Marvell stock plunges as a new threat hits the AI trade
• Neutral Sentiment: Marvell is gaining visibility in the custom-silicon market, but analysts argue that much of the expected AI growth is already reflected in the valuation. Competition from larger chip suppliers remains an important consideration. Marvell Heats Up Custom Silicon Competition
• Negative Sentiment: Anthropic CEO Dario Amodei’s call for a slower pace of AI development, reportedly supported by other technology leaders, fueled concerns that data-center and AI-chip orders could moderate. The warning triggered broad selling across AI hardware stocks, including Marvell. Why Is Marvell Stock Down?
• Negative Sentiment: Investors are also comparing Marvell unfavorably with NVIDIA, citing NVIDIA’s faster growth, higher gross margin and lower forward price-to-earnings multiple. With Marvell trading at a high earnings multiple, any evidence of an AI spending slowdown creates added valuation risk. NVIDIA vs. Marvell: Which AI Infrastructure Stock Is the Better Buy?

Marvell Technology Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, cloud computing, communications networks, automotive applications and enterprise environments. Its products are designed to move, process, secure and store data across increasingly complex computing and networking systems.

The company’s portfolio includes networking and switching products, optical and electrical interconnect solutions, custom application-specific integrated circuits, storage controllers and processors.