Migdal Insurance & Financial Holdings Ltd. Purchases New Stake in Marvell Technology, Inc. $MRVL

Migdal Insurance & Financial Holdings Ltd. bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 13,175 shares of the semiconductor company’s stock, valued at approximately $3,480,000.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its holdings in Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after acquiring an additional 21,798,190 shares in the last quarter. State Street Corp increased its position 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 valued at $12,462,011,000 after purchasing an additional 18,495,866 shares during the period. Bank of America Corp DE purchased a new position in Marvell Technology during the 2nd quarter valued at about $2,607,795,000. Bank of New York Mellon Corp raised its holdings in shares of Marvell Technology by 153.3% in 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 purchasing 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 2nd quarter valued at about $1,742,526,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Marvell Technology from $268.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 7th. Wells Fargo & Company lowered their target price on Marvell Technology from $365.00 to $285.00 and set an “overweight” rating for the company in a report on Tuesday, November 3rd. Bank of America cut Marvell Technology from a “buy” rating to a “neutral” rating and dropped their target price for the company from $400.00 to $225.00 in a research report on Tuesday, November 3rd. Arete Research raised Marvell Technology to a “strong-buy” rating in a research report on Friday, October 16th. Finally, HC Wainwright reiterated a “buy” rating on shares of Marvell Technology in a report on Tuesday, August 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.09.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CEO Matthew Murphy sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total value of $1,675,425.00. Following the sale, the chief executive officer directly owned 775,686 shares of the company’s stock, valued at approximately $173,280,495.54. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 dated 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 $248,693.31. This represents a 54.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 57,285 shares of company stock worth $12,901,763. 0.12% of the stock is currently owned by company insiders.

Trending Headlines about Marvell Technology

Investors following MRVL have been watching these headlines:

• Positive Sentiment: Marvell plans to showcase connectivity products for AI and high-performance computing at Supercomputing 2026, including photonics, CXL memory connectivity, 800G and 1.6T cables, and Teralynx switching silicon. The products target growing data-center connectivity needs, though the event is upcoming. Read More.
• Positive Sentiment: Three new independent directors expand Marvell’s board from seven members to ten, bringing additional technology, finance, and operating experience as the company prepares for a major optical-networking deal. Read More.
• Negative Sentiment: Marvell’s roughly $115 billion all-stock offer for Lumentum faces added uncertainty as NVIDIA-related market turmoil affects Marvell’s share value—the deal’s currency. Lumentum’s widening discount to the offer value reflects investor concern about the transaction’s value and its expected timeline, with closing not anticipated until 2028. Read More.

Marvell Technology Stock Performance

Shares of MRVL traded down $7.69 during trading hours on Friday, reaching $156.76. 23,635,159 shares of the company traded hands, compared to its average volume of 30,097,846. The stock has a market capitalization of $137.46 billion, a P/E ratio of 51.74, a P/E/G ratio of 4.91 and a beta of 2.32. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 12-month low of $70.68 and a 12-month high of $329.88. The business has a fifty day moving average price of $229.21 and a 200-day moving average price of $186.17.

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, 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 return on equity of 13.57% and a net margin of 27.93%. The company’s quarterly revenue was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s dividend payout ratio is 7.92%.

Marvell Technology Company Profile

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.