6,200 Marvell Technology, Inc. $MRVL Shares Sold by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. reduced its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,133 shares of the semiconductor company’s stock after selling 6,200 shares during the quarter. Marvell Technology makes up 0.8% of Salem Investment Counselors Inc.’s portfolio, making the stock its 27th biggest holding. Salem Investment Counselors Inc.’s holdings in Marvell Technology were worth $32,797,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Marvell Technology by 34.1% in 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 last quarter. State Street Corp increased its stake in shares of Marvell Technology by 79.3% during the 2nd 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 last quarter. Bank of America Corp DE acquired a new position in shares of Marvell Technology during the 2nd quarter valued at about $2,607,795,000. Legal & General Group Plc purchased a new position in shares of Marvell Technology during the 2nd quarter worth about $1,742,526,000. Finally, Bank of New York Mellon Corp lifted its holdings 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 worth $2,370,604,000 after acquiring an additional 4,815,725 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell raised its fiscal 2028 revenue target to approximately $20 billion, above the $18.2 billion consensus estimate, and projected fiscal 2031 revenue of $70 billion to $90 billion. The company expects AI-driven connectivity, optics and custom silicon to drive data-center revenue toward $18 billion by fiscal 2028. Marvell: A Strong Buy With a $90 Billion Opportunity
• Positive Sentiment: Management also outlined ambitious profitability goals, including a 44%–46% operating margin and free-cash-flow margins above 36% by fiscal 2031. The targets reinforce the bullish view that Marvell can convert AI infrastructure demand into substantial earnings and cash flow growth. Marvell Raises Its 2028 Revenue Target to $20 Billion
• Positive Sentiment: New product announcements support the growth narrative. Marvell introduced second-generation Structera X CXL 3.2 memory expanders for AI inference and new 3.2T retimer and 1.6T active electrical-cable DSP products aimed at higher-bandwidth, lower-power data centers. Marvell Unveils Second-generation Structera X
• Positive Sentiment: A collaboration with Microsoft and Oracle through the Open Compute Project will pursue standardized hardware security for hyperscale data centers. Continued work with major cloud providers, including Microsoft’s Maia 300 program, could strengthen Marvell’s custom-chip and connectivity opportunities. Marvell, Microsoft and Oracle Establish OCP Working Group
• Neutral Sentiment: Analysts and financial commentators remain broadly bullish, but Marvell has already risen more than 200% in 2026. The debate is increasingly whether the company can deliver enough growth to justify its premium valuation rather than whether demand exists.
• Negative Sentiment: MRVL has recently been pressured by a broader AI-chip selloff and profit-taking despite the positive announcements. With a high earnings multiple and elevated volatility, investors may continue locking in gains if execution or industry sentiment softens. Marvell Stock Falls Despite Structera X Launch
• Negative Sentiment: A Marvell chief accounting officer sold approximately $301,000 of company stock, adding a minor insider-selling signal amid heightened valuation concerns.

Marvell Technology Stock Performance

Marvell Technology stock opened at $268.73 on Wednesday. The stock’s 50-day moving average is $239.66 and its 200-day moving average is $213.96. The company has a market cap of $235.65 billion, a price-to-earnings ratio of 88.69, a price-to-earnings-growth ratio of 7.92 and a beta of 2.26. 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 12 month low of $70.68 and a 12 month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the previous year, the company posted $0.67 EPS. The company’s revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the transaction, the chief executive officer directly owned 775,686 shares of the company’s stock, valued at $173,280,495.54. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 business’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 transaction of $1,805,000.00. Following the sale, the chief operating officer owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. This represents a 4.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 46,100 shares of company stock valued at $10,205,174 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Marvell Technology from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Susquehanna upped their price target on shares of Marvell Technology from $265.00 to $340.00 and gave the stock a “positive” rating in a research report on Wednesday, October 7th. JPMorgan Chase & Co. increased their price target on shares of Marvell Technology from $305.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Royal Bank Of Canada lifted their price target on shares of Marvell Technology from $360.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, October 7th. Finally, Benchmark reiterated a “buy” rating on shares of Marvell Technology in a report on Monday, August 24th. Two research 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 data from MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $320.82.

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.