Marvell Technology, Inc. $MRVL Shares Newly Bought by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,520 shares of the semiconductor company’s stock, valued at approximately $5,950,000.

Several other large investors have also recently added to or reduced their stakes in MRVL. BlackRock Inc. grew its holdings in shares of 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 purchasing an additional 21,798,190 shares in the last quarter. State Street Corp raised its stake in shares of Marvell Technology by 79.3% in the second 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 in the last quarter. Bank of America Corp DE acquired a new position in shares of Marvell Technology in the second quarter valued at $2,607,795,000. Bank of New York Mellon Corp raised its stake in shares of Marvell Technology by 153.3% in 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 purchasing an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Marvell Technology in the second quarter valued at $1,742,526,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling

In other Marvell Technology news, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Tuesday, September 15th. The stock was 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 directly owned 775,686 shares of the company’s stock, valued at approximately $173,280,495.54. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 transaction, the chief accounting officer directly owned 909 shares of the company’s stock, valued at approximately $248,693.31. The trade was a 54.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 57,285 shares of company stock valued at $12,837,063. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on MRVL. Piper Sandler raised their target price on Marvell Technology from $270.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Susquehanna boosted their price target on shares of Marvell Technology from $265.00 to $340.00 and gave the company a “positive” rating in a report on Wednesday, October 7th. Rosenblatt Securities boosted their price target on shares of Marvell Technology from $240.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Benchmark restated a “buy” rating on shares of Marvell Technology in a research note on Monday, August 24th. Finally, Wells Fargo & Company raised their price objective on shares of Marvell Technology from $310.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.36.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Bloomberg, as reported by Reuters, said Marvell is in advanced discussions to buy Lumentum, with an agreement potentially coming as soon as next week. The deal could give Marvell additional optical technology and manufacturing capacity at a time when AI-related demand is outpacing supply. Reuters article
• Positive Sentiment: Lumentum’s manufacturing capacity is reportedly sold out through 2029, highlighting the strategic value of established photonics assets. Investors may view the acquisition as a way for Marvell to capture more of the rapidly expanding AI networking and data-center market. Why Coherent Could Win article
• Positive Sentiment: Longer-term sentiment remains favorable after Marvell said revenue and earnings could grow at a 55%–60% compound annual rate over the next five years. Analysts have also raised forecasts and price targets, while ETF buying and generally positive brokerage ratings provide additional demand signals.
• Neutral Sentiment: The acquisition reports are not yet a completed transaction. Investors will likely focus on the purchase price, financing, regulatory review, and whether Marvell can integrate Lumentum without diluting returns.
• Negative Sentiment: MRVL already trades at a demanding valuation, with a high P/E and PEG ratio. Any concerns that the deal is too expensive—or that AI infrastructure growth expectations are already reflected in the stock—could limit further gains or increase volatility.

Marvell Technology Trading Up 3.3%

Shares of MRVL opened at $251.65 on Thursday. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $244.08 and a 200-day simple moving average of $181.12. The stock has a market cap of $220.67 billion, a PE ratio of 83.05, a PEG ratio of 6.81 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. The business had revenue of $2.74 billion during 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%. Marvell Technology’s revenue was up 36.5% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, sell-side analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date 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 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.