JW Asset Management LLC Purchases New Shares in Marvell Technology, Inc. $MRVL

JW Asset Management LLC acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,200 shares of the semiconductor company’s stock, valued at approximately $845,000. Marvell Technology makes up 0.4% of JW Asset Management LLC’s investment portfolio, making the stock its 18th largest position.

A number of other institutional investors also recently bought and sold shares of MRVL. Cape ANN Savings Bank grew its holdings in Marvell Technology by 2.3% during the second quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock valued at $669,000 after purchasing an additional 50 shares during the period. Arlington Trust Co LLC raised its stake in Marvell Technology by 24.1% during the 2nd quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 52 shares during the period. GoalVest Advisory LLC raised its stake in Marvell Technology by 26.0% during the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 65 shares during the period. Washington Trust Advisors Inc. lifted its holdings in Marvell Technology by 88.5% during the third quarter. Washington Trust Advisors Inc. now owns 147 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 69 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its holdings in Marvell Technology by 3.3% during the second quarter. HBW Advisory Services LLC now owns 2,270 shares of the semiconductor company’s stock valued at $676,000 after purchasing an additional 73 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology Stock Down 2.6%

Shares of NASDAQ:MRVL opened at $164.45 on Friday. The stock has a market cap of $144.21 billion, a P/E ratio of 54.27, a price-to-earnings-growth ratio of 5.04 and a beta of 2.32. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 52-week low of $70.68 and a 52-week high of $329.88. The business’s 50 day moving average is $230.25 and its 200 day moving average is $185.80.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly 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. The business 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 previous year, the business posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.

Key Marvell Technology News

Investors following MRVL have been watching these news items:

• Positive Sentiment: Marvell’s three new independent directors add experience in technology, finance, talent strategy, and global business operations. The appointments expand the board from seven to ten members as the company prepares for its proposed optical-networking deal. Marvell Appoints Three New Independent Directors to its Board
• Neutral Sentiment: Marvell rallied in the prior session alongside a broader AI and semiconductor rebound, with renewed focus on its AI connectivity and optical-networking strategy. That bounce followed a sharp sell-off and does not resolve concerns over the proposed Lumentum transaction. Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus
• Negative Sentiment: The proposed $115 billion Lumentum acquisition remains a significant risk: coverage highlights uncertain closing prospects and a long regulatory timeline. The deal could strengthen Marvell’s AI-optics position, but its scale and execution uncertainty are weighing on investor confidence. Lumentum Trades Below Marvell’s Buyout Offer. Is the Gap a Bargain?

Insider Activity

In other Marvell Technology news, CAO Justin Scarpulla sold 1,100 shares of Marvell Technology stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total value of $300,949.00. Following the transaction, the chief accounting officer directly owned 909 shares of the company’s stock, valued at approximately $248,693.31. The trade was a 54.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $186.97, for a total value of $1,869,700.00. Following the transaction, the chief operating officer owned 202,800 shares in the company, valued at approximately $37,917,516. This trade represents a 4.70% 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 57,285 shares of company stock valued at $12,901,763 in the last ninety days. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Marvell Technology from $365.00 to $285.00 and set an “overweight” rating for the company in a research report on Tuesday, November 3rd. The Goldman Sachs Group restated a “neutral” rating and set a $270.00 price objective on shares of Marvell Technology in a research report on Wednesday, October 7th. Piper Sandler restated an “overweight” rating on shares of Marvell Technology in a research note on Thursday, October 29th. Susquehanna dropped their target price on shares of Marvell Technology from $340.00 to $300.00 and set a “positive” rating for the company in a report on Tuesday, November 3rd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $325.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $300.09.

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.