CYBER HORNET ETFs LLC Acquires New Holdings in Marvell Technology, Inc. $MRVL

CYBER HORNET ETFs LLC acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 2,359 shares of the semiconductor company’s stock, valued at approximately $703,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. C M Bidwell & Associates Ltd. bought a new stake in shares of Marvell Technology during the 2nd quarter worth about $27,000. Aberdeen Wealth Management LLC acquired a new stake in shares of Marvell Technology in the 2nd quarter worth approximately $30,000. Tompkins Financial Corp bought a new position in shares of Marvell Technology in the second quarter valued at approximately $31,000. LifeSteps Financial Inc. bought a new position in shares of Marvell Technology in the second quarter valued at approximately $32,000. Finally, Cetera Trust Company N.A acquired a new position in shares of Marvell Technology during the second quarter valued at approximately $37,000. Institutional investors own 83.51% of the company’s stock.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell’s planned acquisition of Celestial AI is providing the biggest near-term catalyst. The deal would add photonics technology designed to improve optical connectivity in AI data centers, potentially expanding Marvell’s opportunity as hyperscalers require more bandwidth. Why Marvell Stock Rallied Today
• Positive Sentiment: Investors are buying beaten-down AI silicon names as the market continues to anticipate strong hyperscaler spending. Marvell’s exposure to custom chips, networking and optical interconnects makes it a potential beneficiary of continued AI data-center investment. Marvell Rises as AI Silicon Rebounds
• Positive Sentiment: A recent earnings beat and raised multiyear outlook continue to support the bullish case. Quarterly revenue rose 36.5% year over year to $2.74 billion, while adjusted EPS of $0.94 exceeded estimates; data-center demand and an expanded hyperscaler relationship were key drivers.
• Positive Sentiment: An RBC analyst reportedly favors Marvell over Broadcom as an AI-stock dip-buying opportunity, reinforcing optimism that Marvell’s custom-silicon and connectivity businesses can benefit from the next phase of AI infrastructure expansion. RBC Analyst Compares Marvell and Broadcom

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wolfe Research reissued an “outperform” rating and set a $280.00 target price on shares of Marvell Technology in a report on Friday, August 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a $360.00 price target on shares of Marvell Technology in a research report on Thursday, August 20th. Roth Capital reissued a “buy” rating and issued a $350.00 price objective on shares of Marvell Technology in a research note on Thursday, August 20th. DA Davidson set a $225.00 price objective on Marvell Technology in a report on Tuesday, August 18th. Finally, Bank of America raised their target price on Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.76.

Insiders Place Their Bets

In other news, insider Sandeep Bharathi sold 2,231 shares of Marvell Technology stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the transaction, the insider owned 55,530 shares in the company, valued at approximately $16,610,688.90. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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, CFO Daniel Durn sold 2,250 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the completion of the transaction, the chief financial officer owned 6,902 shares in the company, valued at $1,939,531.02. This represents a 24.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,981 shares of company stock worth $9,727,132 over the last three months. Company insiders own 0.12% of the company’s stock.

Marvell Technology Stock Performance

Marvell Technology stock opened at $223.55 on Monday. The firm’s 50 day simple moving average is $220.24 and its 200-day simple moving average is $181.89. The company has a market cap of $196.03 billion, a P/E ratio of 73.78, a price-to-earnings-growth ratio of 2.17 and a beta of 2.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. Marvell Technology, Inc. has a fifty-two week low of $62.47 and a fifty-two week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last issued 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. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s quarterly revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities research analysts predict that Marvell Technology, Inc. will post 3.03 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology’s payout ratio is 7.92%.

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.