6,882 Shares of Marvell Technology, Inc. $MRVL Bought by GRIMES & Co WEALTH MANAGEMENT LLC

Posted by Stanley Muller on Nov 4th, 2026

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,882 shares of the semiconductor company’s stock, valued at approximately $1,818,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. lifted its position 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 acquiring an additional 21,798,190 shares in the last quarter. State Street Corp grew its position in shares of Marvell Technology by 79.3% in the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after purchasing an additional 18,495,866 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Marvell Technology in the second quarter valued at $2,607,795,000. Legal & General Group Plc bought a new stake in shares of Marvell Technology during the 2nd quarter valued at $1,742,526,000. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 purchasing an additional 4,815,725 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Marvell Technology

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

Positive Sentiment: The proposed all-stock acquisition of Lumentum would combine Marvell’s custom chips and networking products with Lumentum’s optical technology for AI data centers. Marvell expects more than $1 billion in annual cost savings and says the deal could increase adjusted earnings per share in its first year after closing. Read More.
Positive Sentiment: Some analysts continue to see upside: BMO kept its Buy rating and $325 target, while UBS maintained its Buy rating and $350 target, viewing the deal as supportive of Marvell’s optical-networking opportunity. Read More. Read More.
Neutral Sentiment: Shares recovered some ground as chip stocks bounced following a sharp selloff, though the rebound followed pronounced losses tied to the acquisition announcement. Read More.
Neutral Sentiment: COO Chris Koopmans sold 10,000 shares under a pre-arranged Rule 10b5-1 trading plan; he retained 202,800 shares, making the transaction less clearly a signal about near-term prospects. Read More.
Negative Sentiment: Downgrades and steep target cuts highlighted concerns about dilution, regulatory approval, potential customer conflicts, and execution. BofA cut its rating to Neutral and TD Cowen moved to Hold, with both sharply reducing their targets. Read More. Read More.

Insider Activity at Marvell Technology

In other news, insider Sandeep Bharathi sold 3,685 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $234.97, for a total value of $865,864.45. Following the transaction, the insider owned 58,748 shares of the company’s stock, valued at $13,804,017.56. This represents a 5.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 owned 909 shares in the company, valued at approximately $248,693.31. This trade represents a 54.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 57,285 shares of company stock worth $12,901,763 over the last quarter. 0.12% of the stock is currently owned by corporate insiders.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $171.97 on Wednesday. The stock has a market cap of $150.80 billion, a P/E ratio of 56.76, a PEG ratio of 5.11 and a beta of 2.32. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $240.15 and its two-hundred day moving average price is $183.26. 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 quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. Marvell Technology’s revenue was up 36.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s payout ratio is currently 7.92%.

Analyst Upgrades and Downgrades

Several brokerages have commented on MRVL. Craig Hallum restated a “buy” rating and issued a $380.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. Rosenblatt Securities reiterated a “buy” rating and set a $300.00 price target on shares of Marvell Technology in a research report on Friday. Oppenheimer reissued an “outperform” rating and issued a $425.00 price target on shares of Marvell Technology in a report on Wednesday, October 7th. Needham & Company LLC cut their price objective on shares of Marvell Technology from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Wolfe Research raised their price objective on shares of Marvell Technology from $280.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $300.85.

Read Our Latest Report on MRVL

About Marvell Technology

(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.