MGO One Seven LLC acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 3rd quarter, HoldingsChannel reports. The fund acquired 14,772 shares of the semiconductor company’s stock, valued at approximately $3,903,000.
Several other large investors have also modified their holdings of MRVL. C M Bidwell & Associates Ltd. purchased a new stake in shares of Marvell Technology in the second quarter worth approximately $27,000. Investment Research & Advisory Group Inc. bought a new position in Marvell Technology in the 3rd quarter valued at $25,000. Aberdeen Wealth Management LLC bought a new position in Marvell Technology in the 2nd quarter valued at $30,000. Sawyer & Company Inc bought a new position in Marvell Technology in the 3rd quarter valued at $26,000. Finally, Sunrise Financial Services LLC purchased a new stake in Marvell Technology in the third quarter worth $26,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on MRVL. UBS Group lifted their target price on Marvell Technology from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. JPMorgan Chase & Co. raised their price target on shares of Marvell Technology from $305.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. BMO Capital Markets reiterated a “market perform” rating and set a $325.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. DA Davidson set a $225.00 price objective on shares of Marvell Technology in a research report on Tuesday, August 18th. Finally, Barclays restated an “overweight” rating on shares of Marvell Technology in a research note on Thursday, August 20th. Three equities 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $327.36.
View Our Latest Stock Analysis on MRVL
Insider Buying and Selling at Marvell Technology
In other news, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total value of $1,675,425.00. Following the completion of the sale, the chief executive officer owned 775,686 shares in the company, valued at approximately $173,280,495.54. The trade was a 0.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Justin Scarpulla sold 1,100 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 909 shares of the company’s stock, valued at $248,693.31. The trade was a 54.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 47,285 shares of company stock valued at $11,032,063 in the last 90 days. Insiders own 0.12% of the company’s stock.
Marvell Technology Price Performance
Shares of MRVL stock opened at $171.41 on Tuesday. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88. The stock has a market capitalization of $150.31 billion, a price-to-earnings ratio of 56.57, a P/E/G ratio of 7.50 and a beta of 2.26. The stock has a fifty day simple moving average of $241.30 and a two-hundred day simple moving average of $182.81. 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 (NASDAQ:MRVL – Get Free Report) last posted 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. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The business’s revenue was up 36.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.
Marvell Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were paid a $0.06 dividend. The ex-dividend date of this dividend was 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 is 7.92%.
Marvell Technology News Roundup
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: The combination would unite Marvell’s custom silicon and networking products with Lumentum’s lasers and optical components, expanding Marvell’s exposure to optical connectivity for AI data centers. Management estimates the combined company could address a roughly $550 billion AI-connectivity opportunity. Marvell to buy Lumentum in all-stock deal, a massive bet on AI connectivity
- Positive Sentiment: Marvell expects more than $1 billion in annual cost synergies and says the transaction should increase adjusted earnings per share in the first year after closing. Marvell shareholders are expected to own approximately 67% of the combined company. Marvell to Acquire Lumentum in $115 Billion All-Stock AI Infrastructure Deal
- Neutral Sentiment: Lumentum shareholders will receive 4.5 Marvell shares for each Lumentum share. The transaction is subject to shareholder and regulatory approval, with closing expected in the first half of 2028, leaving substantial execution and deal-completion risk. In one of the largest deals in tech history, Marvell buys Lumentum for $115B
- Negative Sentiment: Investors viewed the purchase price as excessive, particularly because the all-stock structure could dilute existing MRVL holders and ties the deal’s value to Marvell’s falling share price. Analysts and shareholders have publicly questioned whether Marvell is overpaying for Lumentum. Marvell and Lumentum shareholders unite in panning merger deal
- Negative Sentiment: The transaction comes as investors are increasingly concerned that AI-infrastructure spending may not generate sufficient returns. The sharp market reaction suggests skepticism about management’s capital allocation, integration prospects and ability to realize the promised synergies. Marvell, Lumentum merge in $115 billion deal amid AI spending jitters
Marvell Technology Profile
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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