Retirement Systems of Alabama bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 183,655 shares of the semiconductor company’s stock, valued at approximately $48,523,000.
Several other large investors have also recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after buying an additional 21,798,190 shares during the period. State Street Corp grew its stake in Marvell Technology by 79.3% in the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after buying an additional 18,495,866 shares in the last quarter. Bank of America Corp DE bought a new stake in Marvell Technology during the 2nd quarter valued at $2,607,795,000. Bank of New York Mellon Corp raised its holdings in Marvell Technology by 153.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock valued at $2,370,604,000 after acquiring an additional 4,815,725 shares during the period. Finally, Legal & General Group Plc bought a new stake in Marvell Technology during the 2nd quarter valued at $1,742,526,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on MRVL shares. Benchmark restated a “buy” rating on shares of Marvell Technology in a research report on Monday, August 24th. DA Davidson set a $225.00 price target on Marvell Technology in a research report on Tuesday, August 18th. Craig Hallum reiterated a “buy” rating and issued a $380.00 price target on shares of Marvell Technology in a research report on Wednesday, October 7th. Cantor Fitzgerald decreased their price objective on Marvell Technology from $350.00 to $225.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 3rd. Finally, Jefferies Financial Group increased their price objective on Marvell Technology from $325.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $300.09.
Read Our Latest Report on MRVL
Insider Buying and Selling
In other news, CAO Justin Scarpulla sold 1,100 shares of the 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 owned 909 shares of the company’s stock, valued at approximately $248,693.31. This represents a 54.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Chris Koopmans sold 10,000 shares of the firm’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 transaction of $1,869,700.00. Following the completion of the transaction, the chief operating officer owned 202,800 shares in the company, valued at $37,917,516. This represents a 4.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 57,285 shares of company stock worth $12,901,763. 0.12% of the stock is owned by company insiders.
Marvell Technology Stock Performance
Marvell Technology stock opened at $154.39 on Wednesday. The firm’s fifty day moving average price is $231.92 and its 200-day moving average price is $184.95. 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 stock has a market cap of $135.38 billion, a P/E ratio of 50.95, a price-to-earnings-growth ratio of 4.62 and a beta of 2.32. Marvell Technology, Inc. has a fifty-two week low of $70.68 and a fifty-two week high of $329.88.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business’s quarterly revenue was up 36.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.
Marvell Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s dividend payout ratio is 7.92%.
Marvell Technology News Summary
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Some coverage views the selloff as excessive and MRVL as undervalued, pointing to potential upside; B. Riley maintained a Buy rating with a reduced $250 price target. Marvell’s reported 46% data-center growth and strong 2026 share-price gains are cited as reasons investors may see longer-term opportunity. Article: Marvell Stock’s Selloff Is Overdone
- Neutral Sentiment: Commentary is divided on Marvell’s planned all-stock Lumentum acquisition. The deal could expand Marvell’s position in AI data-center optical technology, but its value to Marvell shareholders depends on execution and the companies’ future cash flows. Article: Lumentum and Marvell’s all-stock offer
- Negative Sentiment: Deal uncertainty is a near-term overhang: a report cited merger specialists who put the odds of completing Marvell’s reported $115 billion Lumentum takeover at about 50%. Because the offer is all-stock, MRVL’s decline also reduces the offer’s value. Article: Marvell’s Lumentum Deal Faces 50-50 Odds
- Negative Sentiment: Investor flows and broader risk aversion have added pressure: ETFs were reported to have sold a net $134.4 million of Marvell shares on Nov. 6, while coverage attributes the recent weakness partly to investors exiting AI stocks. Article: ETFs Are Net Sellers of Marvell Technology
About Marvell Technology
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.
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