11,312 Shares of Marvell Technology, Inc. $MRVL Purchased by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,312 shares of the semiconductor company’s stock, valued at approximately $2,989,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of 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 purchasing an additional 21,798,190 shares in the last quarter. State Street Corp raised its stake in Marvell Technology by 79.3% during 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 period. Bank of America Corp DE bought a new position in Marvell Technology during the second quarter worth about $2,607,795,000. Bank of New York Mellon Corp increased its holdings in shares of Marvell Technology by 153.3% in the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after acquiring an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Marvell Technology in the second quarter worth about $1,742,526,000. Institutional investors own 83.51% of the company’s stock.

Insider Activity

In other news, insider Sandeep Bharathi sold 3,685 shares of the business’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the transaction, the insider directly owned 58,748 shares in the company, valued at $13,804,017.56. The trade was a 5.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, CAO Justin Scarpulla sold 1,100 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the transaction, the chief accounting officer owned 909 shares in the company, valued at $248,693.31. This represents a 54.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 47,285 shares of company stock worth $11,032,063. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Marvell Technology from $360.00 to $425.00 and gave the company an “outperform” rating in a research report on Wednesday, October 7th. DA Davidson set a $225.00 price target on shares of Marvell Technology in a research note on Tuesday, August 18th. Morgan Stanley upped their price target on shares of Marvell Technology from $268.00 to $300.00 and gave the company an “equal weight” 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 report on Wednesday, October 7th. Finally, Jefferies Financial Group upped their target price on shares of Marvell Technology from $325.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average price target of $327.36.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: The combination would unite Marvell’s custom silicon and networking products with Lumentum’s lasers and optical components, expanding Marvell’s exposure to optical connectivity for AI data centers. Management estimates the combined company could address a roughly $550 billion AI-connectivity opportunity. Marvell to buy Lumentum in all-stock deal, a massive bet on AI connectivity
• Positive Sentiment: Marvell expects more than $1 billion in annual cost synergies and says the transaction should increase adjusted earnings per share in the first year after closing. Marvell shareholders are expected to own approximately 67% of the combined company. Marvell to Acquire Lumentum in $115 Billion All-Stock AI Infrastructure Deal
• Neutral Sentiment: Lumentum shareholders will receive 4.5 Marvell shares for each Lumentum share. The transaction is subject to shareholder and regulatory approval, with closing expected in the first half of 2028, leaving substantial execution and deal-completion risk. In one of the largest deals in tech history, Marvell buys Lumentum for $115B
• Negative Sentiment: Investors viewed the purchase price as excessive, particularly because the all-stock structure could dilute existing MRVL holders and ties the deal’s value to Marvell’s falling share price. Analysts and shareholders have publicly questioned whether Marvell is overpaying for Lumentum. Marvell and Lumentum shareholders unite in panning merger deal
• Negative Sentiment: The transaction comes as investors are increasingly concerned that AI-infrastructure spending may not generate sufficient returns. The sharp market reaction suggests skepticism about management’s capital allocation, integration prospects and ability to realize the promised synergies. Marvell, Lumentum merge in $115 billion deal amid AI spending jitters

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $171.41 on Tuesday. The stock has a 50 day moving average price of $241.30 and a 200 day moving average price of $182.81. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The stock has a market capitalization of $150.31 billion, a PE ratio of 56.57, a price-to-earnings-growth ratio of 7.50 and a beta of 2.26.

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

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.

Marvell Technology Profile

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.