Marvell Technology, Inc. $MRVL Shares Newly Bought by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,247 shares of the semiconductor company’s stock, valued at approximately $1,122,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position 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 grew its position in Marvell Technology by 79.3% during 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 last quarter. Bank of America Corp DE bought a new position in Marvell Technology during the second quarter valued at approximately $2,607,795,000. Legal & General Group Plc bought a new position in Marvell Technology during the second quarter valued at approximately $1,742,526,000. Finally, Bank of New York Mellon Corp grew its position in 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 valued at $2,370,604,000 after acquiring an additional 4,815,725 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $164.45 on Friday. 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 one year low of $70.68 and a one year high of $329.88. The business’s 50 day simple moving average is $230.25 and its two-hundred day simple moving average is $185.80. The stock has a market capitalization 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.

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 analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s quarterly 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. Analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. HC Wainwright restated a “buy” rating on shares of Marvell Technology in a report on Tuesday, August 25th. B. Riley Financial cut their price objective on shares of Marvell Technology from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Monday. Susquehanna reduced their target price on shares of Marvell Technology from $340.00 to $300.00 and set a “positive” rating on the stock in a report on Tuesday, November 3rd. William Blair reiterated an “outperform” rating on shares of Marvell Technology in a research report on Monday, November 2nd. Finally, Evercore reiterated an “outperform” rating and issued a $433.00 target price on shares of Marvell Technology in a research report on Tuesday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $300.09.

Insider Activity

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were 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. The trade was a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $235.47, for a total transaction of $1,766,025.00. Following the completion of the transaction, the chief executive officer owned 768,186 shares in the company, valued at $180,884,757.42. The trade was a 0.97% 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 quarter, insiders have sold 57,285 shares of company stock valued at $12,901,763. 0.12% of the stock is owned by corporate insiders.

Marvell Technology News Summary

These are some of the MRVL news items that stood out recently:

• 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: Reports of NVIDIA CEO Jensen Huang’s possible departure have unsettled chip investors, weighing on Marvell and other semiconductor and optics names. Although supplier diversification could eventually benefit alternatives, leadership uncertainty and possible tighter chip-export rules are broader sector risks. Intel and Marvell Slip. Why Huang’s Potential Exit Is Causing Chip-Stock Nerves

About Marvell Technology

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.