Marvell Technology, Inc. $MRVL Shares Newly Acquired by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, Holdings Channel reports. The fund acquired 4,723 shares of the semiconductor company’s stock, valued at approximately $1,248,000.

Several other hedge funds have also recently added to or reduced their stakes in MRVL. BlackRock Inc. lifted 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 during the last quarter. State Street Corp grew its stake 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 worth $12,462,011,000 after acquiring an additional 18,495,866 shares during the last quarter. Van ECK Associates Corp increased its position in Marvell Technology by 11.4% during the fourth quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock worth $838,286,000 after acquiring an additional 1,007,315 shares during the period. Bank of America Corp DE bought a new position in Marvell Technology during the second quarter worth $2,607,795,000. Finally, Bank of New York Mellon Corp raised its stake 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 valued at $2,370,604,000 after purchasing an additional 4,815,725 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the transaction, the chief operating officer directly owned 227,941 shares in the company, valued at $41,143,350.50. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total value of $1,675,425.00. Following the transaction, the chief executive officer directly owned 775,686 shares of the company’s stock, valued at approximately $173,280,495.54. The trade was a 0.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 45,000 shares of company stock valued at $9,904,225 in the last 90 days. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several research analyst reports. Roth Capital restated a “buy” rating and issued a $350.00 price target on shares of Marvell Technology in a research report on Thursday, August 20th. BMO Capital Markets reaffirmed a “market perform” rating and set a $325.00 price objective on shares of Marvell Technology in a research report on Wednesday. Needham & Company LLC increased their target price on shares of Marvell Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen raised Marvell Technology from a “hold” rating to a “buy” rating and lifted their target price for the stock from $245.00 to $350.00 in a research report on Wednesday. Finally, Piper Sandler upped their price target on Marvell Technology from $270.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday. Two research 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’s stock. Based on data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus price target of $320.82.

Key Marvell Technology News

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

• Positive Sentiment: Marvell’s Investor Day significantly raised its growth ambitions. Management now expects approximately $20 billion in FY2028 revenue, up from $18 billion previously, and introduced a FY2031 revenue range of $70 billion to $90 billion. The targets are being driven by custom AI chips, networking products and optical interconnects for data centers. Marvell Technology Lifts 2031 Revenue Goal
• Positive Sentiment: Several analysts raised their price targets after the presentation, including Bank of America to $400, JPMorgan to $360, Susquehanna to $340 and RBC to $425. The upgrades reflect expectations that hyperscaler spending and demand for custom silicon could support growth well above current consensus estimates. Marvell Price Target Raised by Bank of America
• Neutral Sentiment: The bullish forecast implies an unusually demanding growth trajectory. Reaching even the low end of the FY2031 target would require roughly 54% annualized revenue growth, making customer wins, product launches and manufacturing capacity critical indicators for investors. Marvell has expanded its AT&S substrate relationship to help support future AI-chip production. Marvell’s $90 Billion Revenue Goal
• Negative Sentiment: Investors are questioning whether the aggressive outlook is already reflected in MRVL’s valuation. With the stock trading at a premium earnings multiple after a substantial rally, any delay in AI spending, product execution or customer adoption could cause a sharp valuation reset. Marvell also remains heavily dependent on a limited group of hyperscale customers and the data-center investment cycle. Marvell The Easy Money Is Already Over
• Negative Sentiment: Broader market conditions are adding pressure: rising Treasury yields and oil prices are weighing on high-growth technology shares, including AI-related chip stocks. This macro backdrop is encouraging profit-taking even though Marvell’s long-term guidance remains supportive. What’s Going On With Marvell Technology Stock Thursday

Marvell Technology Price Performance

Shares of Marvell Technology stock traded down $15.59 during trading on Thursday, hitting $269.09. 12,070,399 shares of the company’s stock traded hands, compared to its average volume of 27,626,828. The company has a market cap of $235.97 billion, a PE ratio of 88.88, a PEG ratio of 2.77 and a beta of 2.26. The firm’s fifty day moving average price is $233.63 and its 200 day moving average price is $208.92. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88. 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 (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be issued 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 dividend payout ratio is presently 7.92%.

Marvell Technology Company Profile

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.