Nippon Life Global Investors Americas Inc. acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 3,490 shares of the semiconductor company’s stock, valued at approximately $922,000.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after buying an additional 21,798,190 shares during the last quarter. State Street Corp increased its position in Marvell Technology by 79.3% during the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after buying an additional 18,495,866 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Marvell Technology in the second quarter worth $2,607,795,000. Legal & General Group Plc acquired a new position in shares of Marvell Technology in the second quarter worth $1,742,526,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Marvell Technology by 153.3% in the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after acquiring an additional 4,815,725 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.
Key Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: The proposed combination would expand Marvell’s position in AI data-center infrastructure by pairing its custom chips and networking technology with Lumentum’s lasers and optical components. The companies expect more than $1 billion in annual run-rate cost savings and higher adjusted earnings per share during the first year after closing. Marvell to Acquire Lumentum in $115 Billion All-Stock AI Infrastructure Deal
- Positive Sentiment: Management is targeting the fast-growing optical-networking market, where demand is being supported by AI data-center expansion. Marvell CEO Matt Murphy will lead the combined company, providing continuity for the company’s AI roadmap. Marvell and Lumentum officially plan to combine. Here’s what to know.
- Neutral Sentiment: The transaction values Lumentum at approximately $115 billion including debt. Lumentum investors would receive 4.5 Marvell shares per share, while Marvell shareholders would own about 67% of the combined company. Closing is expected in the first half of 2028, subject to shareholder and regulatory approvals.
- Negative Sentiment: Investors have reacted negatively to the scale of the acquisition, with Marvell shares declining sharply over the past week. The all-stock structure could create substantial dilution and ties the transaction’s effective value to Marvell’s volatile share price. Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Negative Sentiment: The acquisition introduces integration, regulatory and execution risks and may distract from Marvell’s existing AI-chip growth plans. At roughly $172 billion in market value, with a high earnings multiple and shares below their 50-day moving average, investors appear concerned that Marvell may be paying too much for future optical-networking growth.
Analyst Ratings Changes
A number of analysts recently commented on MRVL shares. Evercore reaffirmed an “outperform” rating and set a $433.00 price objective on shares of Marvell Technology in a research note on Tuesday, October 6th. Wolfe Research lifted their price objective on Marvell Technology from $280.00 to $375.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 7th. KeyCorp reissued an “overweight” rating on shares of Marvell Technology in a research note on Wednesday, October 7th. Roth Capital restated a “buy” rating and issued a $350.00 target price on shares of Marvell Technology in a report on Thursday, August 20th. Finally, TD Cowen raised shares of Marvell Technology from a “hold” rating to a “buy” rating and raised their price target for the stock from $245.00 to $350.00 in a research note on Wednesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $327.36.
View Our Latest Stock Report on Marvell Technology
Insider Transactions at Marvell Technology
In related news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $203.27, for a total value of $2,032,700.00. Following the transaction, the chief operating officer owned 217,941 shares in the company, valued at approximately $44,300,867.07. This trade represents a 4.39% 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, CAO Justin Scarpulla sold 1,100 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $273.59, for a total value of $300,949.00. Following the sale, the chief accounting officer directly owned 909 shares of the company’s stock, valued at approximately $248,693.31. This trade represents a 54.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 47,285 shares of company stock worth $11,032,063 over the last ninety days. 0.12% of the stock is owned by insiders.
Marvell Technology Price Performance
Marvell Technology stock opened at $196.40 on Monday. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88. The firm has a 50 day moving average price of $242.61 and a 200 day moving average price of $182.37. The company has a market cap of $172.22 billion, a price-to-earnings ratio of 64.82, a PEG ratio of 5.85 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 (NASDAQ:MRVL – Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. Marvell Technology’s revenue was up 36.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.
Marvell Technology Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.
About Marvell Technology
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.
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