10,289 Shares in Marvell Technology, Inc. $MRVL Purchased by Brighton Jones LLC

Brighton Jones LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,289 shares of the semiconductor company’s stock, valued at approximately $2,719,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coyle Financial Counsel LLC bought a new stake in shares of Marvell Technology in the third quarter valued at approximately $696,000. Birch Hill Investment Advisors LLC bought a new position in Marvell Technology during the third quarter worth $848,000. Merit Financial Group LLC increased its position in Marvell Technology by 22.9% during the second quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company’s stock worth $8,067,000 after acquiring an additional 5,047 shares during the period. Swiss National Bank raised its stake in Marvell Technology by 5.4% during the 1st quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company’s stock valued at $246,536,000 after purchasing an additional 126,600 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in Marvell Technology during the 3rd quarter valued at $24,014,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Trading Up 9.5%

Shares of MRVL opened at $154.60 on Tuesday. The stock has a market cap of $135.57 billion, a PE ratio of 51.02, a PEG ratio of 4.77 and a beta of 2.32. The stock has a 50 day simple moving average of $233.06 and a 200-day simple moving average of $184.59. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last issued its 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 company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the company earned $0.67 EPS. The firm’s revenue for the quarter 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. On average, sell-side analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. Marvell Technology’s payout ratio is currently 7.92%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MRVL. Bank of America lowered shares of Marvell Technology from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $400.00 to $225.00 in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. upped their price objective on shares of Marvell Technology from $305.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Piper Sandler reiterated an “overweight” rating on shares of Marvell Technology in a research note on Thursday, October 29th. HC Wainwright reiterated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, August 25th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a research report on Thursday, October 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus target price of $300.09.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell shares rose as major market indexes rebounded following last week’s semiconductor losses, offering a near-term lift unrelated to company-specific news. Why Is Marvell Stock Surging on Monday?
• Positive Sentiment: B. Riley cut its price target from $275 to $250 but kept a Buy rating, signaling continued confidence in potential upside despite the reduced forecast. B. Riley analyst rating
• Neutral Sentiment: ETF flows were mixed but tilted toward buying on Nov. 5: 44 funds added Marvell shares while 19 sold. ETFs Bought $13.1 Million of Marvell
• Negative Sentiment: The biggest company-specific concern is Marvell’s reported all-stock acquisition of Lumentum, valued at $115 billion. The deal has intensified selling, with investors wary of the transaction’s scale and its implications as AI stocks face a broader pullback. Reports say Marvell has fallen sharply since the deal news emerged. Marvell Sinks 36%, Lumentum Drops 31% on $115 Billion Deal
• Negative Sentiment: Marvell’s decline also reflects investors exiting AI-related positions. One report notes the shares were about 58% below their June record close as of Nov. 5; past steep declines have sometimes taken years to recover, underscoring the risk that a rebound may not be quick. Marvell Stock Fell 58% From Its Record

Insiders Place Their Bets

In other Marvell Technology news, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $273.59, for a total transaction of $300,949.00. Following the sale, the chief accounting officer owned 909 shares of the company’s stock, valued at $248,693.31. This represents a 54.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sandeep Bharathi sold 3,685 shares of the firm’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the completion of the sale, the insider owned 58,748 shares of the company’s stock, valued at $13,804,017.56. The trade was a 5.90% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 57,285 shares of company stock valued at $12,901,763. 0.12% of the stock is owned by corporate insiders.

Marvell Technology Profile

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications.

The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.

Founded in 1995, Marvell grew through product development and acquisitions to build a broad portfolio of infrastructure technologies.