89,849 Shares of Marvell Technology, Inc. $MRVL Acquired by Ethic Inc.

Ethic Inc. purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 89,849 shares of the semiconductor company’s stock, valued at approximately $23,739,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MRVL. BlackRock Inc. lifted its holdings in Marvell Technology by 34.1% during 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 shares of Marvell Technology by 79.3% in the 2nd 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 in the last quarter. Bank of America Corp DE acquired a new position in shares of Marvell Technology in the 2nd quarter worth approximately $2,607,795,000. Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $2,370,604,000 after acquiring an additional 4,815,725 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Marvell Technology in the 2nd quarter valued at approximately $1,742,526,000. 83.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

MRVL has been the subject of a number of research reports. Benchmark reaffirmed a “buy” rating on shares of Marvell Technology in a report on Monday, August 24th. Erste Group Bank lowered shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. TD Cowen cut shares of Marvell Technology from a “buy” rating to a “hold” rating and dropped their target price for the stock from $350.00 to $175.00 in a report on Tuesday, November 3rd. The Goldman Sachs Group restated a “neutral” rating and issued a $270.00 price target on shares of Marvell Technology in a research report on Wednesday, October 7th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $350.00 price target on shares of Marvell Technology in a report on Thursday, August 20th. Three equities research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $300.85.

Marvell Technology Trading Up 5.7%

NASDAQ:MRVL opened at $141.20 on Friday. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88. The stock has a market cap of $123.82 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 4.22 and a beta of 2.32. The business has a fifty day moving average of $234.31 and a 200-day moving average of $184.23. 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 issued its quarterly 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 return on equity of 13.57% and a net margin of 27.93%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the company earned $0.67 earnings per share. The company’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. Equities analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, October 9th. Marvell Technology’s dividend payout ratio is currently 7.92%.

Insider Activity at Marvell Technology

In other news, CAO Justin Scarpulla sold 1,100 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 909 shares of the company’s stock, valued at approximately $248,693.31. This represents a 54.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the completion of the transaction, the chief executive officer owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This trade represents a 0.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,285 shares of company stock worth $12,901,763 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Investors rotated back into beaten-down AI chip stocks, helping Marvell recover. Coverage characterized the move as a rebound after the recent tech-sector rout. What’s Going On With Marvell Technology Stock Friday?
• Positive Sentiment: Marvell’s AI networking business is benefiting from demand for data-center connectivity. Separately, Zacks Research modestly raised several longer-term EPS forecasts, supporting the growth outlook. MRVL’s Networking Business Grows on the Back of AI
• Neutral Sentiment: The proposed all-stock acquisition of Lumentum would add optical technology for AI data centers, potentially addressing a key connectivity bottleneck. The strategic opportunity is substantial, but investors are weighing it against its cost and execution risks. Marvell Is Betting $115 Billion on 1 of AI’s Biggest Bottlenecks
• Negative Sentiment: The Lumentum deal has fueled concerns about shareholder dilution and whether Marvell is paying too much. Because it is an all-stock offer, its value moves with Marvell’s share price; closing is not expected until the first half of 2028 and requires regulatory approval. Marvell’s Lumentum Offer and Deal Risks
• Negative Sentiment: Broader uncertainty over AI regulation and possible data-center construction restrictions is weighing on the sector, since slower infrastructure buildouts could temper demand for Marvell’s networking products. Why Marvell Stock Is Falling Today

Marvell Technology Company 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.

Founded in 1995, Marvell grew through product development and acquisitions to build a broad portfolio of infrastructure technologies.