TD Waterhouse Canada Inc. Acquires New Holdings in Marvell Technology, Inc. $MRVL

TD Waterhouse Canada Inc. bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 305,874 shares of the semiconductor company’s stock, valued at approximately $82,015,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after buying an additional 21,798,190 shares in the last quarter. State Street Corp increased its holdings in shares of Marvell Technology by 79.3% in the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after buying an additional 18,495,866 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Marvell Technology during the 2nd quarter valued at about $2,607,795,000. Bank of New York Mellon Corp raised its position in shares of Marvell Technology by 153.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock valued at $2,370,604,000 after buying an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Marvell Technology in the second quarter worth about $1,742,526,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Marvell’s recent Investor Day highlighted strong expected demand for custom AI chips, data-center infrastructure and networking silicon. The company raised its long-term sales outlook, supporting the view that it could deliver substantial revenue and earnings growth. Long-term Marvell growth outlook
• Positive Sentiment: Erste Group Bank reportedly increased its earnings-per-share forecast for Marvell, while other analysts remain optimistic about the company’s growth potential in AI and data-center markets. Marvell EPS forecast increase
• Neutral Sentiment: CEO Matthew Murphy sold 7,500 shares, and insider Sandeep Bharathi sold 3,685 shares. Both transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards, reducing their significance as signals about the company’s outlook. Marvell CEO SEC filing Marvell insider SEC filing
• Negative Sentiment: Broadcom CEO Hock Tan’s warning about the amount of capital required to fund AI infrastructure is weighing on custom AI-chip companies, including Marvell. Investors fear that hyperscalers may become more selective with spending or demand better returns, particularly after Marvell’s substantial rally. Broadcom AI funding warning
• Negative Sentiment: Hotter U.S. inflation data and rising interest-rate expectations have triggered a broader technology and semiconductor sell-off. High-growth stocks such as Marvell are particularly vulnerable because their valuation depends heavily on future AI-driven earnings. Marvell market pressure

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Marvell Technology from $305.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. DA Davidson set a $225.00 price objective on Marvell Technology in a research report on Tuesday, August 18th. B. Riley Financial lowered their price objective on Marvell Technology from $345.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Bank of America raised their price objective on Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Roth Capital reiterated a “buy” rating and issued a $350.00 target price on shares of Marvell Technology in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $327.36.

Marvell Technology Trading Down 5.6%

Shares of MRVL traded down $13.41 during midday trading on Friday, hitting $227.83. The stock had a trading volume of 21,358,831 shares, compared to its average volume of 20,265,420. The stock’s 50 day moving average is $241.14 and its 200 day moving average is $216.11. The firm has a market cap of $199.78 billion, a PE ratio of 75.19, a price-to-earnings-growth ratio of 7.19 and a beta of 2.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88.

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

Marvell Technology Announces Dividend

The company 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 $0.06 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is presently 7.92%.

Insiders Place Their Bets

In other news, insider Sandeep Bharathi sold 3,685 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $234.97, for a total value of $865,864.45. Following the sale, the insider directly owned 58,748 shares in the company, valued at approximately $13,804,017.56. This represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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, COO Chris Koopmans sold 10,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00. Following the completion of the sale, the chief operating officer owned 227,941 shares in the company, valued at approximately $41,143,350.50. The trade was a 4.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,285 shares of company stock worth $12,837,063 over the last three months. 0.12% of the stock is currently owned by corporate insiders.

About Marvell Technology

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.