46,425 Shares in Marvell Technology, Inc. $MRVL Bought by N10 Assets LLC

N10 Assets LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, HoldingsChannel reports. The firm purchased 46,425 shares of the semiconductor company’s stock, valued at approximately $12,266,000. Marvell Technology accounts for about 4.5% of N10 Assets LLC’s portfolio, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MRVL. C M Bidwell & Associates Ltd. bought a new stake in shares of Marvell Technology in the 2nd quarter valued at $27,000. Aberdeen Wealth Management LLC bought a new stake in Marvell Technology during the 2nd quarter valued at $30,000. Tompkins Financial Corp bought a new stake in Marvell Technology during the 2nd quarter valued at $31,000. LifeSteps Financial Inc. acquired a new position in Marvell Technology during the second quarter worth $32,000. Finally, Marquette Asset Management LLC acquired a new position in Marvell Technology during the third quarter worth $30,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Key Marvell Technology News

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

• Positive Sentiment: Marvell raised its fiscal 2028 revenue target to approximately $20 billion, above Wall Street’s roughly $18.2 billion consensus, and outlined a potential fiscal 2031 revenue opportunity of $70 billion to $90 billion. The outlook is being driven by AI connectivity, optical products and custom silicon, with management targeting 44%-46% operating margins and free-cash-flow margins above 36% by fiscal 2031. Marvell: A Strong Buy With a $90 Billion Opportunity
• Positive Sentiment: Analysts highlighted a potentially significant custom-chip program, including Microsoft’s Maia 300 AI effort. Custom silicon revenue has not yet fully appeared in Marvell’s financial results, creating a possible future growth catalyst for the data-center business. Marvell Stock Is on a Bad Run but Microsoft’s New AI Chips Can Revive It
• Positive Sentiment: The company expanded its connectivity portfolio with a 3.2T protocol-aware retimer and a second-generation 1.6T active electrical-cable DSP, products designed for higher bandwidth and power efficiency in AI data centers. Marvell also introduced six-channel CXL 3.2 memory expanders for AI inference. Marvell Bolsters Connectivity Portfolio
• Positive Sentiment: Erste Group raised its fiscal 2028 EPS estimate to $6.10 from $5.38, while several articles noted that analysts remain favorable toward Marvell’s AI and networking prospects. Erste Group Raises Marvell EPS Estimate
• Neutral Sentiment: Marvell and Microsoft, along with Oracle, formed an Open Compute Project working group to standardize security hardware for hyperscale data centers. The announcement may support Marvell’s ecosystem position but does not provide immediate financial guidance. Marvell, Microsoft and Oracle Establish OCP Working Group
• Negative Sentiment: Short-term pressure reflects profit-taking after Marvell’s sharp year-to-date advance, broader selling in AI chip stocks and reports of insider selling. With a high valuation, investors appear to be demanding substantial execution against the newly increased forecasts. Marvell Stock Price Down After Insider Selling

Marvell Technology Stock Performance

Marvell Technology stock traded down $17.35 during mid-day trading on Wednesday, reaching $251.38. 10,495,767 shares of the company’s stock were exchanged, compared to its average volume of 27,473,814. The business’s fifty day simple moving average is $239.66 and its 200 day simple moving average is $213.96. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88. The firm has a market capitalization of $220.44 billion, a PE ratio of 83.18, a P/E/G ratio of 7.92 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (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 firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The business’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. On average, sell-side analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 775,686 shares in the company, valued at approximately $173,280,495.54. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Justin Scarpulla sold 1,100 shares of Marvell Technology stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the completion of the sale, the chief accounting officer directly owned 909 shares in the company, valued at approximately $248,693.31. This represents a 54.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 46,100 shares of company stock valued at $10,205,174. 0.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MRVL shares. KeyCorp reiterated an “overweight” rating on shares of Marvell Technology in a report on Wednesday, October 7th. B. Riley Financial decreased their target price on shares of Marvell Technology from $345.00 to $315.00 and set a “buy” rating for the company in a research report on Friday, August 28th. The Goldman Sachs Group restated a “neutral” rating and issued a $270.00 target price on shares of Marvell Technology in a report on Wednesday, October 7th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $325.00 price target on shares of Marvell Technology in a research report on Wednesday, October 7th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marvell Technology in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $320.82.

Marvell Technology Profile

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.