Milestone Asset Management LLC purchased a new position 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 institutional investor purchased 3,752 shares of the semiconductor company’s stock, valued at approximately $991,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Marvell Technology by 34.1% in the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after acquiring an additional 21,798,190 shares in the last quarter. State Street Corp lifted its stake in Marvell Technology by 79.3% in the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after acquiring an additional 18,495,866 shares during the period. Bank of America Corp DE purchased a new stake in Marvell Technology in the second quarter worth about $2,607,795,000. Legal & General Group Plc bought a new position in Marvell Technology during the 2nd quarter worth about $1,742,526,000. Finally, Bank of New York Mellon Corp grew 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 worth $2,370,604,000 after acquiring an additional 4,815,725 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.
Key Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell formed an Open Compute Project working group with Microsoft and Oracle to develop hardware-security standards for hyperscale data centers. The company also introduced six-channel CXL memory expansion, 224G-per-lane connectivity and other technologies aimed at AI infrastructure. These initiatives strengthen its positioning in data-center connectivity and memory-intensive AI workloads. Marvell Technology Forms Security Group and Unveils Six Channel AI Memory
- Positive Sentiment: Recent coverage highlights Marvell’s bullish long-term outlook, including an $18 billion revenue target, increasing demand for custom silicon and potential growth in optical networking. Analysts cited in the coverage reportedly have no sell ratings, supporting the longer-term investment case. Marvell’s New $18 Billion Revenue Target Could Be a Game-Changer
- Neutral Sentiment: Investor commentary remains divided on whether the recent pullback represents an attractive entry point. Marvell is viewed as a faster-growing, more concentrated AI and data-infrastructure company than Broadcom, but that focus also leaves it more exposed to customer concentration, execution risk and valuation swings. Should You Buy the Dip in Marvell Stock?
- Negative Sentiment: The immediate market backdrop is unfavorable: a hotter inflation reading and concerns about slowing Anthropic revenue growth have extended the technology and AI-stock selloff. Marvell’s high-growth profile and premium valuation make it particularly sensitive to risk reduction and profit-taking. Intel, Marvell, CoreWeave, TSMC, Apple, and More Stocks That Explain Today’s Market
- Negative Sentiment: Reports also point to insider selling and caution that Marvell’s optical business may take time to become a major contributor. These factors add near-term selling pressure despite the company’s improving long-term AI opportunity. Marvell Technology Stock Price Down After Insider Selling
Analyst Upgrades and Downgrades
MRVL has been the topic of a number of research reports. Susquehanna raised their target price on shares of Marvell Technology from $265.00 to $340.00 and gave the company a “positive” rating in a research report on Wednesday, October 7th. Rosenblatt Securities boosted their price target on shares of Marvell Technology from $240.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Citigroup upped their price target on shares of Marvell Technology from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Jefferies Financial Group increased their price objective on shares of Marvell Technology from $325.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Finally, Royal Bank Of Canada increased their price objective on shares of Marvell Technology from $360.00 to $425.00 and gave the company an “outperform” rating in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.36.
Check Out Our Latest Report on Marvell Technology
Marvell Technology Price Performance
MRVL opened at $241.24 on Friday. The firm has a market capitalization of $211.54 billion, a PE ratio of 79.62, a price-to-earnings-growth ratio of 7.31 and a beta of 2.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The business’s 50-day moving average is $240.96 and its two-hundred day moving average is $216.03. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. The business 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 company’s quarterly revenue was up 36.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Research analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.
Marvell Technology Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s payout ratio is presently 7.92%.
Insider Buying and Selling
In related news, CEO Matthew Murphy sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the completion of the transaction, the chief executive officer owned 775,686 shares in the company, valued at $173,280,495.54. The trade was a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction that occurred 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 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 sold a total of 46,100 shares of company stock worth $10,205,174 in the last 90 days. 0.12% of the stock is owned by corporate insiders.
About Marvell Technology
Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.
The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.
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