Marvell Technology, Inc. $MRVL Shares Newly Acquired by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,715 shares of the semiconductor company’s stock, valued at approximately $982,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hilton Head Capital Partners LLC raised its stake in Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 225 shares during the period. C M Bidwell & Associates Ltd. bought a new position in Marvell Technology during the second quarter worth $27,000. MidFirst Bank acquired a new position in shares of Marvell Technology in the fourth quarter valued at $28,000. Aberdeen Wealth Management LLC acquired a new position in shares of Marvell Technology in the second quarter valued at $30,000. Finally, Marquette Asset Management LLC bought a new position in shares of Marvell Technology in the third quarter valued at about $30,000. Institutional investors own 83.51% of the company’s stock.

Key Stories Impacting Marvell Technology

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 roughly $18.2 billion consensus estimate, and outlined a potential $70 billion–$90 billion revenue opportunity by fiscal 2031. Those targets reinforce the long-term growth case for custom silicon, connectivity and optical products. Marvell Raises Its 2028 Revenue Target to $20 Billion
• Positive Sentiment: The company introduced new 3.2-terabit protocol-aware retimer and 1.6-terabit active electrical-cable DSP products, expanding its connectivity portfolio for AI data centers. Marvell also formed a hardware-security standards group with Microsoft and Oracle and unveiled six-channel CXL memory expansion solutions. Marvell Bolsters Connectivity Portfolio
• Positive Sentiment: Analyst commentary remains broadly supportive, highlighting consistent revenue growth, Marvell’s exposure to custom AI silicon and a potentially expanding Microsoft AI-chip opportunity. Erste Group also raised its fiscal 2028 earnings estimate to $6.10 per share from $5.38, although it maintained a Hold rating. Marvell: Buy For The Connectivity, Stay For The Custom Silicon
• Neutral Sentiment: Marvell’s optical business could become a significant long-term growth driver, but current results have not yet fully reflected that opportunity, leaving investors dependent on future execution. Marvell’s Optical Business Could Win Long Term
• Negative Sentiment: A hotter-than-expected inflation reading and signs of slowing Anthropic revenue growth extended the technology and AI selloff, weighing on Marvell along with other semiconductor stocks. Stocks That Explain Today’s Market
• Negative Sentiment: After rising more than 200% in 2026, Marvell faces profit-taking and valuation concerns. Commentary increasingly contrasts the stock’s premium with Broadcom’s larger, more diversified and cash-generative business. Insider-selling reports add another near-term overhang. Take Profits on MRVL Stock or Hold On

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Marvell Technology from $360.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 7th. Roth Capital reiterated a “buy” rating and issued a $350.00 price target on shares of Marvell Technology in a research note on Thursday, August 20th. JPMorgan Chase & Co. increased their price target on shares of Marvell Technology from $305.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Wells Fargo & Company raised their price objective on shares of Marvell Technology from $310.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Finally, Morgan Stanley boosted their price objective on Marvell Technology from $268.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $327.36.

Marvell Technology Stock Performance

NASDAQ:MRVL traded down $8.88 during mid-day trading on Thursday, reaching $236.40. 14,925,973 shares of the company’s stock were exchanged, compared to its average volume of 27,489,314. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88. The firm has a market capitalization of $207.30 billion, a PE ratio of 78.11, a price-to-earnings-growth ratio of 8.01 and a beta of 2.26. The business’s fifty day simple moving average is $240.34 and its two-hundred day simple moving average is $215.00. 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 posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The business’s revenue for the quarter 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. Analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be paid 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 is Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.

Insider Buying and Selling at Marvell Technology

In other news, CEO Matthew Murphy sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the completion of the sale, the chief executive officer directly owned 775,686 shares in the company, valued at approximately $173,280,495.54. This represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total value of $300,949.00. Following the sale, the chief accounting officer directly owned 909 shares in the company, valued at approximately $248,693.31. This trade represents a 54.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 46,100 shares of company stock valued at $10,205,174 in the last three months. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Company 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.