Marvell Technology, Inc. $MRVL Shares Newly Bought by USA Financial Formulas

USA Financial Formulas purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,835 shares of the semiconductor company’s stock, valued at approximately $1,013,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Marvell Technology by 34.1% during the second 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 during the last quarter. State Street Corp boosted its stake in Marvell Technology by 79.3% in the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after acquiring an additional 18,495,866 shares during the last quarter. Bank of America Corp DE purchased a new position in Marvell Technology in the second quarter valued at about $2,607,795,000. Legal & General Group Plc bought a new position in shares of Marvell Technology during the 2nd quarter valued at approximately $1,742,526,000. Finally, Bank of New York Mellon Corp grew 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 acquiring an additional 4,815,725 shares during the period. Institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

MRVL has been the subject of several research analyst reports. Stifel Nicolaus raised their price target on shares of Marvell Technology from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Rosenblatt Securities lifted their price target on shares of Marvell Technology from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Needham & Company LLC upped their price objective on Marvell Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Citigroup upped their price objective on Marvell Technology from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Finally, Benchmark reissued a “buy” rating on shares of Marvell Technology in a report on Monday, August 24th. Two equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $327.36.

Marvell Technology News Roundup

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

Insider Buying and Selling at Marvell Technology

In related news, CAO Justin Scarpulla sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total transaction 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 represents a 54.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sandeep Bharathi sold 3,685 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the sale, the insider owned 58,748 shares in the company, valued at $13,804,017.56. The trade was a 5.90% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 57,285 shares of company stock worth $12,837,063. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Trading Down 5.6%

Shares of Marvell Technology stock opened at $227.83 on Friday. Marvell Technology, Inc. has a 52-week low of $70.68 and a 52-week high of $329.88. The stock’s 50-day simple moving average is $241.14 and its 200 day simple moving average is $216.11. The stock has a market capitalization of $199.78 billion, a P/E ratio of 75.19, a P/E/G ratio of 6.79 and a beta of 2.26. 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 released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The company’s revenue was up 36.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, research analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Announces Dividend

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

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

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