49,863 Shares in Marvell Technology, Inc. $MRVL Acquired by N10 Wealth LLC

N10 Wealth LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, Holdings Channel reports. The fund purchased 49,863 shares of the semiconductor company’s stock, valued at approximately $13,174,000. Marvell Technology comprises approximately 3.7% of N10 Wealth LLC’s holdings, making the stock its 12th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in MRVL. N10 Assets LLC bought a new position in shares of Marvell Technology during the third quarter valued at $12,266,000. Generate Investment Management Ltd bought a new stake in Marvell Technology in the 3rd quarter worth about $26,199,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Marvell Technology in the 3rd quarter worth about $76,000. MinichMacGregor Wealth Management LLC bought a new position in Marvell Technology during the 3rd quarter valued at about $253,000. Finally, First Citizens Bank & Trust Co. bought a new position in Marvell Technology during the 3rd quarter valued at about $5,627,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology News Roundup

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Marvell Technology from $360.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 7th. BMO Capital Markets restated a “market perform” rating and set a $325.00 price objective on shares of Marvell Technology in a research report on Wednesday, October 7th. Raymond James Financial restated a “strong-buy” rating on shares of Marvell Technology in a report on Tuesday, October 6th. Roth Capital reaffirmed a “buy” rating and issued a $350.00 target price on shares of Marvell Technology in a research report on Thursday, August 20th. Finally, Loop Capital raised shares of Marvell Technology to a “strong-buy” rating in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and a consensus price target of $320.82.

Insiders Place Their Bets

In other news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the sale, the chief operating officer owned 227,941 shares of the company’s stock, valued at $41,143,350.50. The trade was a 4.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total value of $1,675,425.00. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 46,100 shares of company stock worth $10,205,174. Company insiders own 0.12% of the company’s stock.

Marvell Technology Stock Performance

Shares of Marvell Technology stock traded down $17.20 during trading hours on Wednesday, reaching $251.53. 10,630,021 shares of the stock traded hands, compared to its average volume of 27,475,402. The company has a 50 day moving average price of $239.66 and a 200 day moving average price of $213.96. The firm has a market capitalization of $220.57 billion, a price-to-earnings ratio of 82.96, a P/E/G ratio of 7.92 and a beta of 2.26. Marvell Technology, Inc. has a one year low of $70.68 and a one year 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.

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

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be 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 is Friday, October 9th. Marvell Technology’s dividend payout ratio is currently 7.92%.

Marvell Technology Company 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.