295,690 Shares of Marvell Technology, Inc. $MRVL Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 295,690 shares of the semiconductor company’s stock, valued at approximately $77,846,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake 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 purchasing an additional 21,798,190 shares during the period. State Street Corp boosted its position in shares of Marvell Technology by 79.3% during the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $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 shares of Marvell Technology during the second quarter worth $2,607,795,000. Bank of New York Mellon Corp grew its stake 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 in the last quarter. Finally, Legal & General Group Plc purchased a new position in Marvell Technology during the second quarter valued at $1,742,526,000. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In other news, CAO Justin Scarpulla sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total value of $300,949.00. Following the completion of the sale, the chief accounting officer directly owned 909 shares of the company’s stock, valued at $248,693.31. This trade represents a 54.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer directly owned 202,800 shares of the company’s stock, valued at $37,917,516. The trade was a 4.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 57,285 shares of company stock worth $12,901,763. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Needham & Company LLC dropped their price objective on shares of Marvell Technology from $400.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday. UBS Group reaffirmed a “buy” rating on shares of Marvell Technology in a report on Tuesday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $270.00 target price on shares of Marvell Technology in a research report on Wednesday, October 7th. Wolfe Research increased their price target on Marvell Technology from $280.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, October 7th. Finally, HC Wainwright reissued a “buy” rating on shares of Marvell Technology in a research note on Tuesday, August 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $300.85.

Marvell Technology Price Performance

Marvell Technology stock opened at $171.97 on Wednesday. Marvell Technology, Inc. has a 52-week low of $70.68 and a 52-week high of $329.88. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average is $240.15 and its 200 day moving average is $183.26. The company has a market cap of $150.80 billion, a price-to-earnings ratio of 56.76, a PEG ratio of 5.11 and a beta of 2.32.

Marvell Technology (NASDAQ:MRVL) last issued 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. 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 during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the company posted $0.67 EPS. The business’s revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Sell-side analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were issued 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 dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is presently 7.92%.

Key Stories 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 Company 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.