Commonwealth Equity Services LLC bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 308,162 shares of the semiconductor company’s stock, valued at approximately $81,419,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pathway Financial Advisers LLC purchased a new position in Marvell Technology during the third quarter worth about $4,224,000. Bfsg LLC purchased a new stake in shares of Marvell Technology during the 3rd quarter valued at $19,136,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Marvell Technology during the 3rd quarter valued at $2,141,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Marvell Technology during the 3rd quarter worth $450,000. Finally, Covestor Ltd purchased a new position in Marvell Technology in the third quarter worth $92,000. 83.51% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, CAO Justin Scarpulla sold 1,100 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total transaction of $300,949.00. Following the sale, the chief accounting officer directly owned 909 shares in the company, valued at $248,693.31. This trade represents a 54.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $186.97, for a total value of $1,869,700.00. Following the completion of the transaction, the chief operating officer owned 202,800 shares of the company’s stock, valued at $37,917,516. The trade was a 4.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,285 shares of company stock valued at $12,901,763 in the last 90 days. 0.12% of the stock is owned by company insiders.
Marvell Technology Trading Up 5.7%
Shares of MRVL stock traded up $7.65 during trading hours on Friday, reaching $141.20. The company’s stock had a trading volume of 33,436,101 shares, compared to its average volume of 25,429,988. 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 one year low of $70.68 and a one year high of $329.88. The stock has a market capitalization of $123.82 billion, a P/E ratio of 46.60, a P/E/G ratio of 5.11 and a beta of 2.32. The firm’s fifty day simple moving average is $234.31 and its 200 day simple moving average is $184.23.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its quarterly earnings data 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 return on equity of 13.57% and a net margin of 27.93%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the company earned $0.67 earnings per share. The firm’s quarterly 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. Equities research analysts expect that Marvell Technology, Inc. will post 3.05 EPS for the current year.
Marvell Technology Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s dividend payout ratio is currently 7.92%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Oppenheimer restated an “outperform” rating and set a $425.00 price target on shares of Marvell Technology in a research report on Wednesday, October 7th. Jefferies Financial Group raised their price objective on Marvell Technology from $325.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Craig Hallum restated a “buy” rating and issued a $380.00 target price on shares of Marvell Technology in a research report on Wednesday, October 7th. Piper Sandler reaffirmed an “overweight” rating on shares of Marvell Technology in a research note on Thursday, October 29th. Finally, Susquehanna reduced their price target on shares of Marvell Technology from $340.00 to $300.00 and set a “positive” rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $300.85.
View Our Latest Analysis on MRVL
Marvell Technology News Roundup
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Investors rotated back into beaten-down AI chip stocks, helping Marvell recover. Coverage characterized the move as a rebound after the recent tech-sector rout. What’s Going On With Marvell Technology Stock Friday?
- Positive Sentiment: Marvell’s AI networking business is benefiting from demand for data-center connectivity. Separately, Zacks Research modestly raised several longer-term EPS forecasts, supporting the growth outlook. MRVL’s Networking Business Grows on the Back of AI
- Neutral Sentiment: The proposed all-stock acquisition of Lumentum would add optical technology for AI data centers, potentially addressing a key connectivity bottleneck. The strategic opportunity is substantial, but investors are weighing it against its cost and execution risks. Marvell Is Betting $115 Billion on 1 of AI’s Biggest Bottlenecks
- Negative Sentiment: The Lumentum deal has fueled concerns about shareholder dilution and whether Marvell is paying too much. Because it is an all-stock offer, its value moves with Marvell’s share price; closing is not expected until the first half of 2028 and requires regulatory approval. Marvell’s Lumentum Offer and Deal Risks
- Negative Sentiment: Broader uncertainty over AI regulation and possible data-center construction restrictions is weighing on the sector, since slower infrastructure buildouts could temper demand for Marvell’s networking products. Why Marvell Stock Is Falling Today
Marvell Technology Company Profile
Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications.
The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.
Founded in 1995, Marvell grew through product development and acquisitions to build a broad portfolio of infrastructure technologies.
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