ProCore Advisors LLC acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,392 shares of the semiconductor company’s stock, valued at approximately $632,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ulland Investment Advisors LLC acquired a new stake in Marvell Technology in the third quarter worth $1,968,000. Signal Advisors Wealth LLC bought a new stake in Marvell Technology in the third quarter valued at $1,268,000. Foster Group Inc. acquired a new position in shares of Marvell Technology during the third quarter valued at $497,000. Krilogy Financial LLC boosted its holdings in shares of Marvell Technology by 2.2% during the third quarter. Krilogy Financial LLC now owns 36,315 shares of the semiconductor company’s stock valued at $9,655,000 after acquiring an additional 799 shares during the period. Finally, Edge Wealth Management LLC acquired a new position in shares of Marvell Technology during the third quarter valued at $214,000. Institutional investors and hedge funds own 83.51% of the company’s stock.
Marvell Technology News Summary
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell raised its fiscal 2028 revenue target to approximately $20 billion, above Wall Street’s $18.2 billion consensus, and outlined a potential $70 billion–$90 billion revenue opportunity by fiscal 2031. The company expects data-center revenue to reach roughly $18 billion in fiscal 2028, driven by custom silicon, connectivity and optical products. Marvell: A Strong Buy With a $90 Billion Opportunity
- Positive Sentiment: Erste Group Bank increased its fiscal 2028 earnings estimate to $6.10 per share from $5.38, signaling improving long-term profitability expectations, although it retained a Hold rating. Marvell Technology analyst estimate
- Positive Sentiment: New products—including Structera X CXL 3.2 memory expanders, a 3.2T protocol-aware retimer and a 1.6T active electrical-cable DSP—target the growing need for memory capacity, bandwidth and power efficiency in AI data centers. Marvell also joined Microsoft and Oracle in an Open Compute Project security-standardization effort. Marvell Unveils Second-generation Structera X
- Neutral Sentiment: Analyst coverage remains constructive on Marvell’s custom-chip and networking opportunity, including potential demand from Microsoft’s Maia 300 AI program, but commentary emphasizes that the stock’s strong run has already priced in substantial future growth.
- Negative Sentiment: Recent weakness reflects profit-taking after a gain of more than 200% during 2026, along with insider selling and a broader retreat in AI semiconductor shares. Marvell’s valuation—about 89 times earnings and a PEG ratio near 8—leaves limited room for execution disappointments. Marvell Technology Stock Price Down After Insider Selling
Marvell Technology Trading Up 1.1%
Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. The company 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 company’s quarterly revenue was up 36.5% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, research analysts expect that Marvell Technology, Inc. will post 3.05 EPS for the current year.
Marvell Technology Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, October 9th. Marvell Technology’s payout ratio is 7.92%.
Analyst Ratings Changes
A number of analysts recently weighed in on MRVL shares. Needham & Company LLC increased their price objective on shares of Marvell Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Piper Sandler lifted their price objective on shares of Marvell Technology from $270.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Erste Group Bank lowered shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Weiss Ratings raised shares of Marvell Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Finally, Susquehanna upped their target price on shares of Marvell Technology from $265.00 to $340.00 and gave the stock a “positive” rating in a research report on Wednesday, October 7th. 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. According to MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average target price of $320.82.
Get Our Latest Stock Report on Marvell Technology
Insiders Place Their Bets
In other news, CAO Justin Scarpulla sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total value of $300,949.00. Following the completion of the sale, the chief accounting officer directly owned 909 shares of the company’s stock, valued at approximately $248,693.31. This represents a 54.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew Murphy sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the completion of 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 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 three months, insiders have sold 46,100 shares of company stock worth $10,205,174. 0.12% of the stock is owned by corporate insiders.
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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