2,312 Shares in Marvell Technology, Inc. $MRVL Bought by Victory Financial Group LLC

Posted by Geri Gentry on Oct 29th, 2026

Victory Financial Group LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,312 shares of the semiconductor company’s stock, valued at approximately $611,000.

Several other hedge funds also recently made changes to their positions in the business. Cape ANN Savings Bank lifted its position in shares of Marvell Technology by 2.3% in the second quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock worth $669,000 after purchasing an additional 50 shares in the last quarter. Arlington Trust Co LLC boosted its holdings in Marvell Technology by 24.1% during the second quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 52 shares during the last quarter. GoalVest Advisory LLC grew its position in Marvell Technology by 26.0% in the second quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 65 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in Marvell Technology by 1.7% in the first quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 68 shares in the last quarter. Finally, Washington Trust Advisors Inc. grew its position in Marvell Technology by 88.5% in the third quarter. Washington Trust Advisors Inc. now owns 147 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 69 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $235.47, for a total value of $1,766,025.00. Following the completion of the transaction, the chief executive officer owned 768,186 shares of the company’s stock, valued at $180,884,757.42. This trade represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $262.05, for a total transaction of $2,620,500.00. Following the completion of the transaction, the chief operating officer directly owned 207,941 shares of the company’s stock, valued at approximately $54,490,939.05. This trade represents a 4.59% 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 have sold 57,285 shares of company stock worth $12,837,063. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Marvell Technology from $360.00 to $425.00 and gave the company an “outperform” rating in a research note on Wednesday, October 7th. HC Wainwright restated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, August 25th. The Goldman Sachs Group restated a “neutral” rating and issued a $270.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Oppenheimer restated an “outperform” rating and issued a $425.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Finally, Seaport Research Partners started coverage on Marvell Technology in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $270.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $327.36.

View Our Latest Analysis on MRVL

Key Headlines Impacting Marvell Technology

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

Positive Sentiment: Bloomberg, as reported by Reuters, said Marvell is in advanced discussions to buy Lumentum, with an agreement potentially coming as soon as next week. The deal could give Marvell additional optical technology and manufacturing capacity at a time when AI-related demand is outpacing supply. Reuters article
Positive Sentiment: Lumentum’s manufacturing capacity is reportedly sold out through 2029, highlighting the strategic value of established photonics assets. Investors may view the acquisition as a way for Marvell to capture more of the rapidly expanding AI networking and data-center market. Why Coherent Could Win article
Positive Sentiment: Longer-term sentiment remains favorable after Marvell said revenue and earnings could grow at a 55%–60% compound annual rate over the next five years. Analysts have also raised forecasts and price targets, while ETF buying and generally positive brokerage ratings provide additional demand signals.
Neutral Sentiment: The acquisition reports are not yet a completed transaction. Investors will likely focus on the purchase price, financing, regulatory review, and whether Marvell can integrate Lumentum without diluting returns.
Negative Sentiment: MRVL already trades at a demanding valuation, with a high P/E and PEG ratio. Any concerns that the deal is too expensive—or that AI infrastructure growth expectations are already reflected in the stock—could limit further gains or increase volatility.

Marvell Technology Trading Up 3.3%

NASDAQ MRVL opened at $251.65 on Thursday. The company has a market cap of $220.67 billion, a PE ratio of 83.05, a PEG ratio of 6.81 and a beta of 2.26. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The stock has a 50 day moving average of $244.08 and a 200-day moving average of $181.12.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last released its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating 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 firm’s revenue was up 36.5% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, equities research analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

About Marvell Technology

(Free Report)

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.