Third View Private Wealth LLC Purchases 7,596 Shares of Marvell Technology, Inc. $MRVL

Third View Private Wealth 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,596 shares of the semiconductor company’s stock, valued at approximately $2,007,000.

Several other institutional investors have also modified their holdings of MRVL. 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 valued at $25,511,649,000 after purchasing an additional 21,798,190 shares during the last quarter. State Street Corp boosted its stake in 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 purchasing an additional 18,495,866 shares during the period. Bank of America Corp DE bought a new position in Marvell Technology in the 2nd quarter worth about $2,607,795,000. Bank of New York Mellon Corp grew its position in Marvell Technology by 153.3% in 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 purchasing an additional 4,815,725 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Marvell Technology in the second quarter valued at approximately $1,742,526,000. Institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MRVL shares. Barclays reaffirmed an “overweight” rating on shares of Marvell Technology in a report on Thursday, August 20th. KeyCorp reissued an “overweight” rating on shares of Marvell Technology in a report on Wednesday, October 7th. TD Cowen lowered Marvell Technology from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $350.00 to $175.00 in a report on Tuesday. Cantor Fitzgerald lowered their target price on Marvell Technology from $350.00 to $225.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Seaport Research Partners began coverage on Marvell Technology in a research note on Tuesday, September 22nd. They set a “buy” rating and a $270.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $300.85.

Insider Transactions at Marvell Technology

In other news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 transaction, the insider owned 58,748 shares of the company’s stock, valued at approximately $13,804,017.56. This trade represents a 5.90% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 57,285 shares of company stock valued at $12,901,763 in the last three months. 0.12% of the stock is currently owned by insiders.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $171.97 on Wednesday. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88. The firm has a market cap of $150.80 billion, a P/E ratio of 56.76, a PEG ratio of 5.11 and a beta of 2.32. The stock has a fifty day moving average price of $240.15 and a two-hundred day moving average price of $183.26. 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 (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. 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 earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Research analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently announced 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 of this dividend was Friday, October 9th. Marvell Technology’s payout ratio is presently 7.92%.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: The proposed all-stock acquisition of Lumentum would combine Marvell’s custom chips and networking products with Lumentum’s optical technology for AI data centers. Marvell expects more than $1 billion in annual cost savings and says the deal could increase adjusted earnings per share in its first year after closing. Read More.
• Positive Sentiment: Some analysts continue to see upside: BMO kept its Buy rating and $325 target, while UBS maintained its Buy rating and $350 target, viewing the deal as supportive of Marvell’s optical-networking opportunity. Read More. Read More.
• Neutral Sentiment: Shares recovered some ground as chip stocks bounced following a sharp selloff, though the rebound followed pronounced losses tied to the acquisition announcement. Read More.
• Neutral Sentiment: COO Chris Koopmans sold 10,000 shares under a pre-arranged Rule 10b5-1 trading plan; he retained 202,800 shares, making the transaction less clearly a signal about near-term prospects. Read More.
• Negative Sentiment: Downgrades and steep target cuts highlighted concerns about dilution, regulatory approval, potential customer conflicts, and execution. BofA cut its rating to Neutral and TD Cowen moved to Hold, with both sharply reducing their targets. Read More. Read More.

Marvell Technology Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.