TD Waterhouse Canada Inc. Makes New Investment in Marvell Technology, Inc. $MRVL

TD Waterhouse Canada Inc. purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, HoldingsChannel reports. The firm purchased 305,874 shares of the semiconductor company’s stock, valued at approximately $82,015,000.

A number of other hedge funds have also recently made changes to their positions in MRVL. Cyndeo Wealth Partners LLC bought a new stake in Marvell Technology during the 3rd quarter valued at about $1,697,000. Eagle Bay Advisors LLC purchased a new stake in Marvell Technology in the 3rd quarter valued at about $449,000. Millennium Capital Advisors LLC purchased a new stake in Marvell Technology in the 3rd quarter valued at about $520,000. Shelton Wealth Management LLC bought a new position in Marvell Technology in the 3rd quarter worth about $1,699,000. Finally, Pension & Wealth Management Advisors Inc. bought a new position in Marvell Technology in the 3rd quarter worth about $48,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Stock Down 5.6%

Marvell Technology stock traded down $13.41 during midday trading on Friday, hitting $227.83. 21,358,831 shares of the company’s stock were exchanged, compared to its average volume of 20,265,420. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The firm has a 50-day moving average of $241.14 and a two-hundred day moving average of $216.11. The company has a market cap of $199.78 billion, a PE ratio of 75.19, a P/E/G ratio of 7.19 and a beta of 2.26.

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

Marvell Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays reaffirmed an “overweight” rating on shares of Marvell Technology in a research report on Thursday, August 20th. Erste Group Bank lowered Marvell Technology from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Susquehanna increased their price objective on Marvell Technology from $265.00 to $340.00 and gave the stock a “positive” rating in a research note on Wednesday, October 7th. Seaport Research Partners started coverage on Marvell Technology in a report on Tuesday, September 22nd. They set a “buy” rating and a $270.00 price objective on the stock. Finally, UBS Group raised their price objective on Marvell Technology from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus price target of $327.36.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi sold 3,685 shares of the company’s stock in a transaction on Friday, October 16th. The stock was 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 in the company, valued at $13,804,017.56. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, CAO Justin Scarpulla sold 1,100 shares of the 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 sale, the chief accounting officer directly owned 909 shares in the company, valued at $248,693.31. This trade represents a 54.75% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 57,285 shares of company stock valued at $12,837,063. 0.12% of the stock is owned by corporate insiders.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell’s recent Investor Day highlighted strong expected demand for custom AI chips, data-center infrastructure and networking silicon. The company raised its long-term sales outlook, supporting the view that it could deliver substantial revenue and earnings growth. Long-term Marvell growth outlook
• Positive Sentiment: Erste Group Bank reportedly increased its earnings-per-share forecast for Marvell, while other analysts remain optimistic about the company’s growth potential in AI and data-center markets. Marvell EPS forecast increase
• Neutral Sentiment: CEO Matthew Murphy sold 7,500 shares, and insider Sandeep Bharathi sold 3,685 shares. Both transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards, reducing their significance as signals about the company’s outlook. Marvell CEO SEC filing Marvell insider SEC filing
• Negative Sentiment: Broadcom CEO Hock Tan’s warning about the amount of capital required to fund AI infrastructure is weighing on custom AI-chip companies, including Marvell. Investors fear that hyperscalers may become more selective with spending or demand better returns, particularly after Marvell’s substantial rally. Broadcom AI funding warning
• Negative Sentiment: Hotter U.S. inflation data and rising interest-rate expectations have triggered a broader technology and semiconductor sell-off. High-growth stocks such as Marvell are particularly vulnerable because their valuation depends heavily on future AI-driven earnings. Marvell market pressure

About Marvell Technology

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.