Legacy Wealth Asset Management LLC Buys New Shares in Marvell Technology, Inc. $MRVL

Legacy Wealth Asset Management LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,828 shares of the semiconductor company’s stock, valued at approximately $1,276,000.

Several other hedge funds have also recently added to or reduced their stakes in MRVL. Cape ANN Savings Bank raised its position in shares of Marvell Technology by 2.3% in the second quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock valued at $669,000 after buying an additional 50 shares during the last quarter. Arlington Trust Co LLC grew its position in 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 acquiring an additional 52 shares in the last quarter. GoalVest Advisory LLC boosted its position in Marvell Technology by 26.0% in the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 65 shares during the last quarter. Mayflower Financial Advisors LLC grew its stake in Marvell Technology by 1.7% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 68 shares in the last quarter. Finally, Bell Investment Advisors Inc boosted its stake in Marvell Technology by 12.9% during the 1st quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 72 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology News Roundup

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

• Positive Sentiment: At its investor day, Marvell raised its fiscal 2031 revenue target to $70 billion-$90 billion, implying annual growth of at least 54% from current levels. Management estimates that connecting AI chips and data centers could become a roughly $37.5 billion annual business. Marvell Says Connecting AI Chips Could Be a $37 Billion Business
• Positive Sentiment: Wall Street responded by raising price targets: JPMorgan moved to $360, Bank of America to $400, and RBC to $425, while Susquehanna, Needham, and Cantor Fitzgerald also increased their targets. Analysts cited Marvell’s custom-chip opportunity, AI networking demand, and stronger-than-expected long-term growth framework. Marvell price target raised by Bank of America
• Positive Sentiment: Marvell plans to showcase its open AI infrastructure solutions at the OCP Global Summit, reinforcing its positioning in custom silicon, connectivity, and data-center infrastructure. The broader AI buildout remains the core catalyst behind the stock’s substantial 12-month advance. Marvell to Showcase Open AI Infrastructure Solutions
• Neutral Sentiment: The bullish thesis depends on Marvell converting ambitious forecasts into orders and earnings. Analysts and investors are evaluating whether its economic moat is widening through proprietary custom chips and connectivity products or narrowing as hyperscalers develop more solutions internally. Marvell’s Economic Moat
• Negative Sentiment: Shares have decreased in the latest session as investors took profits after the rally and broader technology stocks faced pressure from rising Treasury yields and higher oil prices. With a P/E near 91 and a beta above 2, MRVL has limited room for disappointing execution. Skeptics also warn that the $70 billion-$90 billion outlook assumes exceptionally rapid growth and continued dependence on hyperscaler AI spending. Why Marvell Fell More Than the Broader Market

Marvell Technology Stock Performance

Shares of MRVL stock opened at $274.66 on Friday. The stock’s fifty day simple moving average is $235.46 and its 200-day simple moving average is $210.23. 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 company has a market capitalization of $240.85 billion, a price-to-earnings ratio of 90.65, a P/E/G ratio of 2.75 and a beta of 2.26. Marvell Technology, Inc. has a 1-year low of $70.68 and a 1-year high of $329.88.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data 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 business 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 quarterly revenue was up 36.5% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, sell-side analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Marvell Technology from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday. Cantor Fitzgerald lifted their price target on shares of Marvell Technology from $330.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday. B. Riley Financial lowered their price objective on shares of Marvell Technology from $345.00 to $315.00 and set a “buy” rating for the company in a research report on Friday, August 28th. Jefferies Financial Group raised their target price on shares of Marvell Technology from $325.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, DA Davidson set a $225.00 target price on Marvell Technology in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.82.

Insider Buying and Selling at Marvell Technology

In related news, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 that occurred 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 transaction, the chief operating officer owned 227,941 shares of the company’s stock, valued at $41,143,350.50. This trade represents a 4.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 45,000 shares of company stock valued at $9,904,225. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology 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.