Marvell Technology, Inc. $MRVL Shares Newly Purchased by Gradient Investments LLC

Gradient Investments LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, Holdings Channel reports. The fund bought 83,841 shares of the semiconductor company’s stock, valued at approximately $22,152,000.

A number of other hedge funds have also added to or reduced their stakes in MRVL. BlackRock Inc. raised its stake in Marvell Technology by 34.1% during the 2nd 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 period. State Street Corp grew its stake in 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 acquiring an additional 18,495,866 shares during the period. Van ECK Associates Corp increased its holdings in shares of 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 valued at $838,286,000 after acquiring an additional 1,007,315 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Marvell Technology during the second quarter valued at approximately $2,607,795,000. Finally, Bank of New York Mellon Corp raised its position 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 period. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell’s October 6 Investor Day remains the central bullish catalyst. Management raised its FY2028 revenue target to approximately $20 billion, above the roughly $18.2 billion consensus estimate, and introduced a FY2031 revenue range of $70 billion to $90 billion. The outlook is being driven by custom AI chips, networking and optical infrastructure for hyperscale data centers. Marvell Technology Lifts 2031 Revenue Goal
• Positive Sentiment: Several analysts raised their price targets following the Investor Day, including Bank of America to $400, JPMorgan to $360, RBC to $425, Needham to $400 and Evercore ISI to $433. The revisions indicate that Wall Street sees substantial upside if Marvell can convert AI demand into sustained revenue and earnings growth. Marvell Price Target Raised by Bank of America
• Positive Sentiment: Marvell plans to showcase open AI infrastructure solutions at the OCP Global Summit from October 12–15, highlighting its custom silicon, connectivity and data-center technologies. The event could provide additional visibility into products and customer demand. Marvell to Showcase Open AI Infrastructure Solutions
• Neutral Sentiment: The new forecast substantially increases expectations: reaching even the low end of the FY2031 range would require roughly 54% annualized growth from FY2026 revenue of about $8.2 billion. Investors are therefore looking for evidence at the upcoming AI Strategy Day and future quarterly results that demand, manufacturing capacity and customer deployments can support the targets. What Will Marvell Reveal at Its AI Strategy Day?
• Negative Sentiment: Bearish commentary argues that much of the expected AI growth is already reflected in MRVL’s valuation. With a high earnings multiple, any delay in custom-chip programs, supply constraints or weaker hyperscaler capital spending could cause a sharp multiple contraction. Revenue concentration in large data-center customers adds to that risk. Marvell The Easy Money Is Already Over
• Negative Sentiment: Near-term trading is also being pressured by macro conditions, including elevated Treasury yields and higher oil prices, which are weighing on high-growth technology stocks broadly. What’s Going On With Marvell Technology Stock Thursday?

Insider Buying and Selling

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 775,686 shares of the company’s stock, valued at approximately $173,280,495.54. This represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief operating officer directly owned 227,941 shares of the company’s stock, valued at $41,143,350.50. This represents a 4.20% 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 over the last three months. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of a number of recent research reports. Royal Bank Of Canada increased their target price on Marvell Technology from $360.00 to $425.00 and gave the stock an “outperform” rating in a report on Wednesday. Piper Sandler upped their price objective on shares of Marvell Technology from $270.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday. Stifel Nicolaus raised their price objective on shares of Marvell Technology from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday. Wolfe Research lifted their price objective on shares of Marvell Technology from $280.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Weiss Ratings raised shares of Marvell Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $320.82.

Marvell Technology Stock Performance

Shares of Marvell Technology stock traded down $15.96 during trading hours on Thursday, hitting $268.72. 15,596,572 shares of the company’s stock traded hands, compared to its average volume of 27,639,352. Marvell Technology, Inc. has a 12-month low of $70.68 and a 12-month high of $329.88. The stock has a market capitalization of $235.64 billion, a price-to-earnings ratio of 88.12, a PEG ratio of 2.77 and a beta of 2.26. The company has a fifty day simple moving average of $233.63 and a 200-day simple moving average of $208.92. 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 issued its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm’s quarterly revenue was up 36.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

About Marvell Technology

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.