4,237 Shares of Marvell Technology, Inc. $MRVL Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, HoldingsChannel.com reports. The fund bought 4,237 shares of the semiconductor company’s stock, valued at approximately $1,119,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new position in Marvell Technology in the third quarter worth about $74,000. TrinityBridge Ltd acquired a new stake in Marvell Technology during the third quarter valued at approximately $61,000. Lyell Wealth Management LP acquired a new stake in Marvell Technology during the third quarter valued at approximately $258,000. Putney Financial Group LLC acquired a new stake in Marvell Technology during the third quarter valued at approximately $34,000. Finally, Integrity Alliance LLC. acquired a new stake in Marvell Technology during the third quarter valued at approximately $4,432,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Down 7.1%

Shares of MRVL opened at $159.80 on Thursday. The company has a market capitalization of $140.13 billion, a P/E ratio of 52.74, a PEG ratio of 5.12 and a beta of 2.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88. The business’s 50 day simple moving average is $238.54 and its 200-day simple moving average is $183.66.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results 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 return on equity of 13.57% and a net margin of 27.93%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the company earned $0.67 EPS. Marvell Technology’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. As a group, sell-side analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, October 9th. Marvell Technology’s dividend payout ratio is presently 7.92%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MRVL. Craig Hallum reissued a “buy” rating and issued a $380.00 target price on shares of Marvell Technology in a report on Wednesday, October 7th. TD Cowen downgraded Marvell Technology from a “buy” rating to a “hold” rating and cut their target price for the stock from $350.00 to $175.00 in a research report on Tuesday. Cantor Fitzgerald decreased their price target on Marvell Technology from $350.00 to $225.00 and set a “neutral” rating on the stock in a research note on Tuesday. BMO Capital Markets reiterated 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, Rosenblatt Securities reiterated a “buy” rating and set a $300.00 price objective on shares of Marvell Technology in a research note on Friday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $300.85.

Insiders Place Their Bets

In other news, CAO Justin Scarpulla sold 1,100 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $248,693.31. This trade represents a 54.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew Murphy sold 7,500 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $235.47, for a total value of $1,766,025.00. Following the completion of the sale, the chief executive officer owned 768,186 shares of the company’s stock, valued at approximately $180,884,757.42. This trade represents a 0.97% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 57,285 shares of company stock worth $12,901,763 over the last ninety days. Company 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: Marvell’s proposed all-stock acquisition of Lumentum would combine Marvell’s custom chips and networking products with Lumentum’s optical technology for AI data centers. Supporters see the combination as a way to strengthen Marvell’s position in optical networking and capture AI infrastructure growth; the company has cited potential annual cost savings exceeding $1 billion and first-year adjusted EPS accretion after closing. Article: Marvell’s Deal to Acquire Lumentum Could Be a Game Changer
• Positive Sentiment: Some analysts remain constructive, viewing the acquisition as strategically beneficial for Marvell’s optical-networking opportunity, while other firms continue to rate the stock Buy despite reducing their targets. Article: Marvell’s Lumentum Acquisition Strengthens Optical Networking Outlook
• Neutral Sentiment: Marvell’s recent quarterly results showed revenue growth and a small earnings beat, but those results have not offset investors’ current focus on the acquisition and broader semiconductor-sector pressures.
• Negative Sentiment: The proposed $115 billion Lumentum transaction is all-stock, raising concerns about dilution, deal valuation, regulatory approval, potential customer conflicts and integration risks. The decline in Marvell’s shares also reduces the value of the stock-based offer, adding uncertainty for both companies’ investors. Article: Marvell Technology Could Plunge on Latest Multibillion-Dollar Acquisition
• Negative Sentiment: Analyst reactions have been mixed, with Bank of America and TD Cowen downgrading the stock and cutting their price targets substantially, citing deal-related headwinds. A broader selloff in AI and data-center stocks has added pressure. Article: BofA Slashes Marvell Target After Lumentum Deal

About Marvell Technology

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.