Pinnacle Wealth Planning Services Inc. purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,374 shares of the semiconductor company’s stock, valued at approximately $627,000.
Several other institutional investors also recently bought and sold shares of the business. Cape ANN Savings Bank boosted its holdings in shares of Marvell Technology by 2.3% during the second quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock worth $669,000 after purchasing an additional 50 shares during the last quarter. Arlington Trust Co LLC grew its position in shares of Marvell Technology by 24.1% in the second quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 52 shares during the period. GoalVest Advisory LLC increased its stake in Marvell Technology by 26.0% in the second quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 65 shares during the last quarter. Washington Trust Advisors Inc. increased its stake in Marvell Technology by 88.5% in the third quarter. Washington Trust Advisors Inc. now owns 147 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 69 shares during the last quarter. Finally, HBW Advisory Services LLC increased its stake in Marvell Technology by 3.3% in the second quarter. HBW Advisory Services LLC now owns 2,270 shares of the semiconductor company’s stock valued at $676,000 after purchasing an additional 73 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Marvell Technology
In other news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00. Following the transaction, the chief operating officer directly owned 227,941 shares of the company’s stock, valued at $41,143,350.50. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $273.59, for a total value of $300,949.00. Following the sale, the chief accounting officer owned 909 shares of the company’s stock, valued at $248,693.31. The trade was a 54.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 57,285 shares of company stock valued at $12,837,063. 0.12% of the stock is currently owned by company insiders.
Key Headlines Impacting Marvell Technology
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: An acquisition could strengthen Marvell’s position in optical networking for AI data centers. Lumentum supplies indium phosphide lasers, a critical component for high-speed optical links and co-packaged optics, where supply is limited and new fabrication capacity can take years to build. Marvell in advanced talks to buy Lumentum
- Positive Sentiment: The combination could broaden Marvell’s AI infrastructure portfolio and deepen its relationship with NVIDIA, which has invested in both companies. Lumentum’s optical AI market is expected to expand substantially through 2030, potentially creating long-term revenue and cross-selling opportunities for Marvell. Analysts see logic in a potential deal
- Neutral Sentiment: The transaction remains unannounced and reportedly could be structured as an all-stock deal. Until terms, timing and financing are disclosed, investors cannot assess the final purchase price, ownership split or expected earnings impact. Marvell and Lumentum could be nearing a deal
- Negative Sentiment: Lumentum’s market value has risen dramatically, reportedly reaching about $83 billion. Paying a premium of that scale—potentially equivalent to roughly 43% of Marvell’s market capitalization—could significantly dilute existing MRVL shareholders and raise concerns about overpayment. Why Marvell stock is down today
- Negative Sentiment: Investors are questioning whether Lumentum’s earnings and future synergies can justify the acquisition valuation. The deal would also expose Marvell to substantial integration and execution risk at a time when MRVL already trades at a demanding valuation. Marvell stock sinks on Lumentum buyout talks
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Seaport Research Partners initiated coverage on Marvell Technology in a research report on Tuesday, September 22nd. They set a “buy” rating and a $270.00 target price on the stock. Jefferies Financial Group lifted their price target on Marvell Technology from $325.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Weiss Ratings raised shares of Marvell Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Evercore reaffirmed an “outperform” rating and set a $433.00 price objective on shares of Marvell Technology in a research note on Tuesday, October 6th. Finally, Erste Group Bank lowered shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $327.36.
Read Our Latest Report on MRVL
Marvell Technology Trading Down 13.2%
Shares of MRVL opened at $218.34 on Friday. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $191.46 billion, a P/E ratio of 72.06, a price-to-earnings-growth ratio of 7.50 and a beta of 2.26. The stock’s fifty day simple moving average is $243.70 and its 200 day simple moving average is $181.80. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating 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 firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The firm’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 research analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.
Marvell Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s payout ratio is currently 7.92%.
About Marvell Technology
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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