2,406 Shares of Marvell Technology, Inc. $MRVL Bought by PFG Private Wealth Management LLC

Posted by George Bondi on Oct 15th, 2026

PFG Private Wealth Management LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,406 shares of the semiconductor company’s stock, valued at approximately $636,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after purchasing an additional 21,798,190 shares during the last quarter. State Street Corp raised its stake in shares of Marvell Technology by 79.3% in 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 acquiring an additional 18,495,866 shares during the period. Bank of America Corp DE acquired a new stake in shares of Marvell Technology in the second quarter valued at $2,607,795,000. Legal & General Group Plc purchased a new stake in shares of Marvell Technology in the 2nd quarter valued at $1,742,526,000. Finally, Bank of New York Mellon Corp boosted its holdings in Marvell Technology by 153.3% during 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 acquiring an additional 4,815,725 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MRVL shares. Piper Sandler boosted their price target on shares of Marvell Technology from $270.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Craig Hallum reissued a “buy” rating and issued a $380.00 price target on shares of Marvell Technology in a research report on Wednesday, October 7th. Royal Bank Of Canada boosted their price target on shares of Marvell Technology from $360.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 7th. Benchmark reaffirmed a “buy” rating on shares of Marvell Technology in a research report on Monday, August 24th. Finally, JPMorgan Chase & Co. upped their price objective on Marvell Technology from $305.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $327.36.

View Our Latest Research Report on MRVL

Insider Transactions at Marvell Technology

In other news, CAO Justin Scarpulla sold 1,100 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Chris Koopmans sold 10,000 shares of the 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 completion of the transaction, the chief operating officer owned 227,941 shares in the company, valued at approximately $41,143,350.50. The trade was a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 46,100 shares of company stock valued at $10,205,174. 0.12% of the stock is currently owned by corporate insiders.

Marvell Technology Stock Down 3.1%

Shares of MRVL traded down $7.70 during midday trading on Thursday, reaching $237.58. The stock had a trading volume of 15,234,705 shares, compared to its average volume of 27,492,352. Marvell Technology, Inc. has a 1-year low of $70.68 and a 1-year high of $329.88. The company’s fifty day simple moving average is $240.34 and its two-hundred day simple moving average is $215.00. The company has a market cap of $208.33 billion, a price-to-earnings ratio of 78.29, a PEG ratio of 8.01 and a beta of 2.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62.

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, topping the consensus estimate of $0.93 by $0.01. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The company’s revenue for the quarter was up 36.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities research analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, October 9th. Marvell Technology’s payout ratio is 7.92%.

Key Headlines Impacting Marvell Technology

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 the roughly $18.2 billion Wall Street consensus, and outlined a potential $70 billion–$90 billion revenue opportunity by fiscal 2031. The targets reinforce expectations for strong growth from custom silicon, networking, and optical products. Marvell Raises Its 2028 Revenue Target
Positive Sentiment: At its investor day, Marvell reportedly provided bullish guidance, while new products—including six-channel CXL memory expansion, 224G-per-lane connectivity, and optical infrastructure—could benefit from rising AI data-center demand. Marvell Forms Security Group and Unveils AI Memory
Positive Sentiment: A new Open Compute Project security working group with Microsoft and Oracle could help establish Marvell’s technology as part of standardized security architectures for hyperscale data centers. Analysts and financial commentators continue to point to custom silicon and connectivity as major growth drivers. Fantastic News for Marvell Stock Investors
Neutral Sentiment: Marvell’s optical business may become an important long-term AI infrastructure opportunity, but the benefits may take time to appear in reported results. The company’s broad data-infrastructure portfolio gives it exposure to multiple AI trends, although competitors such as Broadcom and Astera Labs remain important alternatives. Marvell’s Optical Business Could Win Long Term
Negative Sentiment: AI stocks broadly sold off after a hot inflation reading and concerns about slowing revenue growth at Anthropic. That market-wide risk-off move is pressuring high-beta semiconductor names, including Marvell. Stocks That Explain Today’s Market
Negative Sentiment: After a very large 2026 advance, investors are debating whether to take profits. Marvell trades at a demanding valuation, making the stock vulnerable if growth expectations, AI spending, or execution disappoint. Recent insider selling adds another near-term caution signal. Take Profits or Hold Marvell

Marvell Technology Profile

(Free Report)

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.