Pinnacle Associates Ltd. Lowers Stake in Marvell Technology, Inc. $MRVL

Posted by Stanley Muller on Aug 17th, 2026

Pinnacle Associates Ltd. reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 48.0% in the second quarter, HoldingsChannel.com reports. The fund owned 73,218 shares of the semiconductor company’s stock after selling 67,608 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Marvell Technology were worth $21,811,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Marvell Technology by 7.9% in the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock valued at $1,940,503,000 after acquiring an additional 1,677,724 shares during the last quarter. Geode Capital Management LLC lifted its stake in Marvell Technology by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock worth $1,025,185,000 after purchasing an additional 97,624 shares during the last quarter. Norges Bank purchased a new position in shares of Marvell Technology in the 4th quarter worth about $895,455,000. Van ECK Associates Corp boosted its holdings in shares of Marvell Technology by 11.4% in the 4th quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock worth $838,286,000 after purchasing an additional 1,007,315 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Marvell Technology by 9.7% during the 4th quarter. Northern Trust Corp now owns 6,798,272 shares of the semiconductor company’s stock valued at $577,717,000 after purchasing an additional 598,920 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Price Performance

MRVL stock opened at $222.02 on Monday. The stock has a market capitalization of $194.22 billion, a price-to-earnings ratio of 76.03, a PEG ratio of 1.39 and a beta of 2.24. The firm’s 50-day moving average price is $237.59 and its two-hundred day moving average price is $166.26. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 12-month low of $61.44 and a 12-month high of $329.88.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. Marvell Technology’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities analysts predict that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 8.22%.

Key Headlines Impacting Marvell Technology

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

Positive Sentiment: AI data-center demand supports the long-term outlook. Analysts and investors continue to highlight Marvell’s custom chips, optical networking, memory interconnects and high-speed data-movement products as key beneficiaries of expanding AI clusters. Management has also raised its long-term data-center growth outlook. Down 37% From Its Highs, Is Marvell Technology Stock a Buy on the Dip?
Positive Sentiment: Wall Street price targets imply additional upside. Goldman Sachs has expressed a preference between Marvell and Nvidia ahead of earnings, while another report said Goldman analyst James Schneider raised Marvell’s 12-month price target. The broader analyst range remains bullish, with a reported median target of $250 and several targets between $300 and $385. Wall Street sets Marvell stock price for the next 12 months
Positive Sentiment: Nvidia’s $2 billion investment remains a strategic vote of confidence. The investment strengthens Marvell’s profile as an AI-chip and infrastructure partner and is supporting comparisons between the two companies ahead of their earnings reports. NVIDIA Invested $2 Billion in Marvell
Neutral Sentiment: Upcoming earnings are the immediate catalyst. Marvell’s latest quarter delivered $2.42 billion in revenue, up 27.6% year over year, and adjusted EPS in line with expectations. Investors will look for evidence that AI-related growth can justify the stock’s elevated valuation.
Negative Sentiment: Insider selling may temper sentiment. QuiverQuant reported 21 insider sales and no purchases during the past six months, including sales by senior executives and the CEO. This does not necessarily signal weakening fundamentals, but it can raise caution after a major share-price advance. Marvell Technology Stock Opinions on AI Infrastructure Expansion

Analyst Ratings Changes

MRVL has been the topic of a number of research reports. Oppenheimer raised their price objective on Marvell Technology from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. Loop Capital upgraded shares of Marvell Technology to a “strong-buy” rating in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 price target on shares of Marvell Technology in a research note on Thursday, May 28th. Finally, Bank of America boosted their price objective on shares of Marvell Technology from $240.00 to $365.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.94.

Check Out Our Latest Stock Analysis on MRVL

Insiders Place Their Bets

In related news, CFO Daniel Durn sold 2,250 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total transaction of $632,272.50. Following the completion of the transaction, the chief financial officer owned 6,902 shares in the company, valued at $1,939,531.02. This represents a 24.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the transaction, the chief operating officer owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. This represents a 4.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 34,481 shares of company stock worth $7,982,532. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Profile

(Free Report)

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.