Marvell Technology, Inc. $MRVL Shares Newly Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, HoldingsChannel.com reports. The fund purchased 119,825 shares of the semiconductor company’s stock, valued at approximately $31,659,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after acquiring an additional 21,798,190 shares during the period. State Street Corp raised its holdings in Marvell Technology by 79.3% during the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after purchasing an additional 18,495,866 shares during the last quarter. Bank of America Corp DE acquired a new position in Marvell Technology during the second quarter worth $2,607,795,000. Legal & General Group Plc purchased a new stake in Marvell Technology during the second quarter worth $1,742,526,000. Finally, Bank of New York Mellon Corp boosted its position in Marvell Technology by 153.3% during the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after purchasing an additional 4,815,725 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Price Performance

NASDAQ:MRVL traded up $7.65 during trading hours on Friday, reaching $141.20. 33,436,101 shares of the company traded hands, compared to its average volume of 25,429,988. The firm’s 50-day moving average is $234.31 and its 200-day moving average is $184.23. The stock has a market cap of $123.82 billion, a P/E ratio of 46.60, a P/E/G ratio of 5.11 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 1-year low of $70.68 and a 1-year high of $329.88.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share 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 company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter 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 research analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. BMO Capital Markets reissued a “market perform” rating and issued a $325.00 target price on shares of Marvell Technology in a report on Wednesday, October 7th. Craig Hallum reaffirmed a “buy” rating and set a $380.00 price target on shares of Marvell Technology in a research note on Wednesday, October 7th. Evercore reiterated an “outperform” rating and issued a $433.00 price objective on shares of Marvell Technology in a research report on Tuesday, October 6th. Citigroup increased their price objective on shares of Marvell Technology from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Finally, UBS Group restated a “buy” rating on shares of Marvell Technology in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $300.85.

More Marvell Technology News

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

Insider Activity

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the sale, the chief operating officer directly owned 202,800 shares of the company’s stock, valued at $37,917,516. This trade represents a 4.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 3,685 shares of Marvell Technology stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $234.97, for a total transaction of $865,864.45. Following the sale, the insider owned 58,748 shares of the company’s stock, valued at approximately $13,804,017.56. This trade represents a 5.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last quarter, insiders sold 57,285 shares of company stock worth $12,901,763. Company insiders own 0.12% of the company’s stock.

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.