Avaii Wealth Management LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,152 shares of the semiconductor company’s stock, valued at approximately $3,037,000. Marvell Technology makes up approximately 0.8% of Avaii Wealth Management LLC’s holdings, making the stock its 26th largest holding.
A number of other hedge funds and other institutional investors also recently modified their holdings of MRVL. C M Bidwell & Associates Ltd. purchased a new position in Marvell Technology in the 2nd quarter valued at approximately $27,000. Aberdeen Wealth Management LLC acquired a new stake in Marvell Technology in the second quarter valued at $30,000. Tompkins Financial Corp acquired a new stake in Marvell Technology in the second quarter valued at $31,000. LifeSteps Financial Inc. purchased a new position in shares of Marvell Technology in the second quarter valued at $32,000. Finally, Cetera Trust Company N.A acquired a new position in shares of Marvell Technology during the 2nd quarter worth $37,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.
Marvell Technology Trading Up 0.2%
NASDAQ MRVL traded up $0.62 during trading hours on Friday, hitting $275.28. 15,043,648 shares of the company’s stock were exchanged, compared to its average volume of 27,654,426. The business’s 50 day moving average is $235.46 and its 200-day moving average is $210.23. Marvell Technology, Inc. has a 12-month low of $70.68 and a 12-month high of $329.88. The firm has a market capitalization of $241.39 billion, a P/E ratio of 90.85, a price-to-earnings-growth ratio of 2.75 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Friday, October 9th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio is 7.92%.
Insiders Place Their Bets
In related news, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total value of $1,675,425.00. Following the transaction, the chief executive officer owned 775,686 shares in the company, valued at approximately $173,280,495.54. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer directly owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. This trade represents a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 45,000 shares of company stock worth $9,904,225. 0.12% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms recently commented on MRVL. Rosenblatt Securities boosted their price objective on shares of Marvell Technology from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Seaport Research Partners began coverage on shares of Marvell Technology in a report on Tuesday, September 22nd. They set a “buy” rating and a $270.00 target price for the company. Erste Group Bank cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Jefferies Financial Group increased their price target on shares of Marvell Technology from $325.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, KeyCorp reissued an “overweight” rating on shares of Marvell Technology in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.82.
Check Out Our Latest Analysis on Marvell Technology
Key Stories Impacting Marvell Technology
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell raised its fiscal 2031 revenue target to approximately $70 billion to $90 billion, compared with a fiscal 2026 base of $8.2 billion. Management also outlined a $20 billion 2028 revenue target, reinforcing expectations for strong demand for custom AI chips, networking products and data-center connectivity. Marvell Technology Lifts 2031 Revenue Goal
- Positive Sentiment: The company estimates that connecting AI chips could become a roughly $37 billion business, improving the long-term growth case for its electro-optics, networking and custom silicon offerings. The forecast also lifted sentiment toward related AI infrastructure companies. Marvell Says Connecting AI Chips Could Be a $37 Billion Business
- Positive Sentiment: Barclays maintained a Buy rating, while reports also cited favorable views or price-target increases from JPMorgan, RBC, Susquehanna, Cantor Fitzgerald and Bank of America. This analyst support is helping sustain momentum after the investor-day presentation. Barclays Keeps Their Buy Rating on Marvell
- Neutral Sentiment: Marvell plans to showcase a broad portfolio of open AI infrastructure solutions at the OCP Global Summit, providing potential product and customer visibility but no immediate change to earnings guidance. Marvell to Showcase Open AI Infrastructure Solutions
- Negative Sentiment: Some analysts warn that the stock’s substantial multiyear rally has already priced in significant AI success. At roughly 24 times forward earnings, valuation may look reasonable relative to the growth targets, but it remains exposed to execution risk, customer concentration and any slowdown in AI data-center spending. Marvell Stock Could Be Below Fair Value
- Negative Sentiment: Higher Treasury yields and oil prices recently pressured high-growth technology shares, contributing to volatility in MRVL despite its favorable company-specific outlook. What’s Going On With Marvell Technology Stock
Marvell Technology Company Profile
Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.
The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.
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