LaFleur & Godfrey LLC Buys 5,716 Shares of Marvell Technology, Inc. $MRVL

Posted by Brian Himes on Oct 29th, 2026

LaFleur & Godfrey LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the third quarter, HoldingsChannel.com reports. The firm bought 5,716 shares of the semiconductor company’s stock, valued at approximately $1,510,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in shares of Marvell Technology by 34.1% during the second 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 in the last quarter. State Street Corp boosted its holdings in shares of Marvell Technology by 79.3% during 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 acquiring 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 worth $2,607,795,000. Legal & General Group Plc acquired a new position in Marvell Technology in the 2nd quarter worth about $1,742,526,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Marvell Technology by 153.3% during 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 purchasing an additional 4,815,725 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology News Roundup

Here are the key news stories impacting Marvell Technology this week:

Positive Sentiment: Bloomberg, as reported by Reuters, said Marvell is in advanced discussions to buy Lumentum, with an agreement potentially coming as soon as next week. The deal could give Marvell additional optical technology and manufacturing capacity at a time when AI-related demand is outpacing supply. Reuters article
Positive Sentiment: Lumentum’s manufacturing capacity is reportedly sold out through 2029, highlighting the strategic value of established photonics assets. Investors may view the acquisition as a way for Marvell to capture more of the rapidly expanding AI networking and data-center market. Why Coherent Could Win article
Positive Sentiment: Longer-term sentiment remains favorable after Marvell said revenue and earnings could grow at a 55%–60% compound annual rate over the next five years. Analysts have also raised forecasts and price targets, while ETF buying and generally positive brokerage ratings provide additional demand signals.
Neutral Sentiment: The acquisition reports are not yet a completed transaction. Investors will likely focus on the purchase price, financing, regulatory review, and whether Marvell can integrate Lumentum without diluting returns.
Negative Sentiment: MRVL already trades at a demanding valuation, with a high P/E and PEG ratio. Any concerns that the deal is too expensive—or that AI infrastructure growth expectations are already reflected in the stock—could limit further gains or increase volatility.

Marvell Technology Price Performance

Shares of MRVL opened at $251.65 on Thursday. The firm has a market cap of $220.67 billion, a PE ratio of 83.05, a price-to-earnings-growth ratio of 6.81 and a beta of 2.26. Marvell Technology, Inc. has a 52-week low of $70.68 and a 52-week high of $329.88. 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 business’s 50 day moving average price is $244.08 and its two-hundred day moving average price is $181.12.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the business posted $0.67 EPS. Marvell Technology’s revenue for the quarter 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. On average, equities analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors 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 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is presently 7.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank Of Canada upped their price objective on Marvell Technology from $360.00 to $425.00 and gave the company an “outperform” rating in a research note on Wednesday, October 7th. Jefferies Financial Group raised their price objective on Marvell Technology from $325.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. TD Cowen upgraded 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 report on Wednesday, October 7th. Rosenblatt Securities upped their price objective on shares of Marvell Technology from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Finally, Stifel Nicolaus increased their price objective on shares of Marvell Technology from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $327.36.

Check Out Our Latest Stock Report on Marvell Technology

Insider Buying and Selling at Marvell Technology

In other news, 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the completion of the sale, the chief executive officer owned 775,686 shares in the company, valued at $173,280,495.54. This represents a 0.96% 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 have sold 57,285 shares of company stock worth $12,837,063. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Company Profile

(Free Report)

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.