238,801 Shares in Marvell Technology, Inc. $MRVL Bought by Glenview Trust Co

Posted by Brenda Bartman on Aug 28th, 2026

Glenview Trust Co purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 238,801 shares of the semiconductor company’s stock, valued at approximately $71,136,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its stake in Marvell Technology by 34.1% in 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 during the last quarter. State Street Corp raised its holdings in shares of Marvell Technology by 7.9% during 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 in the last quarter. Geode Capital Management LLC raised its holdings in Marvell Technology by 0.8% in the 4th 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 in the last quarter. Norges Bank bought a new position in shares of Marvell Technology in the 4th quarter worth approximately $895,455,000. Finally, Van ECK Associates Corp lifted its position in Marvell Technology by 11.4% during the fourth quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock valued at $838,286,000 after buying an additional 1,007,315 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MRVL shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $360.00 target price on shares of Marvell Technology in a research note on Thursday, August 20th. BMO Capital Markets started coverage on Marvell Technology in a research note on Thursday, August 20th. They issued an “outperform” rating and a $250.00 price target on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $195.00 target price on shares of Marvell Technology in a research report on Wednesday, August 12th. Raymond James Financial restated a “strong-buy” rating on shares of Marvell Technology in a research report on Wednesday, August 19th. Finally, Bank of America raised their price objective on shares of Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average price target of $259.09.

Get Our Latest Research Report on Marvell Technology

Key Stories Impacting Marvell Technology

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

Positive Sentiment: Marvell reported adjusted earnings of $0.94 per share, ahead of the approximately $0.92–$0.93 consensus, while revenue reached about $2.74 billion, slightly above estimates. Revenue increased 37% year over year, supported by strong demand for AI infrastructure. Marvell Technology Q2 Earnings and Revenues Beat Estimates
Positive Sentiment: Data-center revenue reportedly jumped 46%, highlighting accelerating demand for Marvell’s custom silicon and optical networking products used in AI data centers. The company also raised its full-year and next-year revenue outlooks, reinforcing the long-term AI growth story. Marvell Sees Accelerating Growth as AI Demand Boosts Second-Quarter Profit and Revenue
Positive Sentiment: Third-quarter fiscal 2027 guidance calls for adjusted EPS of $1.05–$1.15, above the $1.03 consensus, and revenue of $3.0–$3.3 billion. The forecast indicates continued sequential growth in AI-related demand. Marvell Technology Forecasts Quarterly Revenue Above Estimates
Neutral Sentiment: Investors were focused on visibility into Marvell’s recently announced multibillion-dollar custom-chip agreement with Google, including the timing of revenue contribution and the impact of related warrants. The earnings release did not appear to provide a sufficiently large near-term surprise to reset expectations.
Negative Sentiment: The earnings beats were narrow, and management’s forecast provided limited upside relative to elevated Wall Street expectations. With MRVL priced for exceptional AI growth, traders treated the results as “good, but not good enough,” prompting a post-earnings selloff. Marvell Is Boosting Its Forecasts, but That’s Not Enough to Lift Its Stock

Marvell Technology Trading Down 1.5%

MRVL stock opened at $241.45 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88. The business has a 50 day simple moving average of $229.10 and a two-hundred day simple moving average of $176.28. The company has a market capitalization of $211.22 billion, a price-to-earnings ratio of 82.69, a PEG ratio of 1.53 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Research analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

Insider Activity at Marvell Technology

In other news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the transaction, the chief operating officer owned 227,941 shares in the company, valued at $41,143,350.50. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $236.08, for a total value of $1,770,600.00. Following the completion of the sale, the chief executive officer directly owned 783,186 shares in the company, valued at $184,894,550.88. This trade represents a 0.95% 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. Insiders have sold 41,981 shares of company stock worth $9,753,132 in the last quarter. 0.12% of the stock is owned by company insiders.

About Marvell Technology

(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.