Lebenthal Global Advisors LLC Buys New Stake in Marvell Technology, Inc. $MRVL

Posted by Brenda Bartman on Oct 31st, 2026

Lebenthal Global Advisors LLC purchased 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 institutional investor purchased 15,766 shares of the semiconductor company’s stock, valued at approximately $4,166,000.

Other hedge funds also recently added to or reduced their stakes in the company. Cape ANN Savings Bank raised its stake in Marvell Technology by 2.3% during the 2nd quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock worth $669,000 after acquiring an additional 50 shares in the last quarter. Arlington Trust Co LLC boosted its stake in Marvell Technology by 24.1% in the second quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 52 shares in the last quarter. GoalVest Advisory LLC grew its holdings in shares of Marvell Technology by 26.0% during the second quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 65 shares during the last quarter. Washington Trust Advisors Inc. lifted its holdings in shares of Marvell Technology by 88.5% in the 3rd 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 during the last quarter. Finally, HBW Advisory Services LLC boosted its position in shares of Marvell Technology by 3.3% in the 2nd quarter. HBW Advisory Services LLC now owns 2,270 shares of the semiconductor company’s stock valued at $676,000 after purchasing an additional 73 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Justin Scarpulla sold 1,100 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the transaction, the chief accounting officer owned 909 shares of the company’s stock, valued at $248,693.31. This represents a 54.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sandeep Bharathi sold 3,685 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $234.97, for a total value of $865,864.45. Following the completion of the transaction, the insider owned 58,748 shares of the company’s stock, valued at $13,804,017.56. The trade was a 5.90% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 57,285 shares of company stock worth $12,837,063 over the last quarter. 0.12% of the stock is owned by company insiders.

Marvell Technology Stock Down 10.0%

Shares of Marvell Technology stock opened at $196.40 on Friday. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88. The company has a market cap of $172.22 billion, a P/E ratio of 64.82, a PEG ratio of 6.51 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. The firm has a fifty day moving average of $242.61 and a two-hundred day moving average of $182.37.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The business’s revenue 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. On average, analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th 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 of this dividend was Friday, October 9th. Marvell Technology’s payout ratio is currently 7.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MRVL shares. JPMorgan Chase & Co. boosted their price objective on Marvell Technology from $305.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Citigroup increased their price target on shares of Marvell Technology from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 21st. Wells Fargo & Company upped their target price on shares of Marvell Technology from $310.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. BMO Capital Markets reiterated a “market perform” rating and set a $325.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $327.36.

Check Out Our Latest Analysis on Marvell Technology

Key Headlines Impacting Marvell Technology

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

Positive Sentiment: Strategic rationale for Lumentum: Marvell is reportedly in advanced talks to acquire optical-components maker Lumentum (NASDAQ: LITE). The deal could give Marvell direct access to scarce indium phosphide laser manufacturing capacity, strengthen its optical networking business, and improve its position in the fast-growing co-packaged optics market. Both companies also have strategic relationships with NVIDIA. Reuters article on Marvell’s Lumentum talks
Positive Sentiment: Long-term AI growth remains intact: Marvell’s custom silicon, networking, and optical-interconnect businesses are positioned to benefit from continued hyperscaler and AI data-center investment. Recent coverage highlights management’s ambitious fiscal 2028 revenue target and a potential path toward substantially higher earnings by 2030. Analysts also expect double-digit bottom-line growth in the upcoming quarter. Marvell earnings preview
Neutral Sentiment: Investors are awaiting earnings: Marvell is scheduled to report its fiscal third-quarter results soon. The report and management’s outlook could clarify demand trends, hyperscaler spending, and whether the company’s AI growth targets justify its elevated valuation. Earnings report preview
Negative Sentiment: Potential deal dilution and valuation risk: Lumentum’s market value has surged to roughly $83 billion, and reports indicate a potential all-stock transaction. Investors fear Marvell could issue a substantial amount of shares, dilute existing ownership, and overpay for a company with comparatively modest current operating income. The market’s negative reaction reflects uncertainty over whether the acquisition would be earnings-accretive. TheStreet analysis of the proposed deal
Negative Sentiment: Sector-wide AI spending concerns: Weakness across Broadcom, Qualcomm, Arm, Lumentum, Coherent, and other optics suppliers suggests investors are reassessing the pace and returns of hyperscaler AI infrastructure spending. These concerns are adding pressure to MRVL beyond the company-specific acquisition rumors. AI optics sector selloff article

Marvell Technology Profile

(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.