State of Alaska Department of Revenue Acquires 82,961 Shares of Marvell Technology, Inc. $MRVL

State of Alaska Department of Revenue acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 82,961 shares of the semiconductor company’s stock, valued at approximately $21,919,000.

Several other large investors also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Marvell Technology by 34.1% in the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after buying an additional 21,798,190 shares during the last quarter. State Street Corp lifted its position in Marvell Technology by 79.3% during the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after buying an additional 18,495,866 shares in the last quarter. Bank of America Corp DE acquired a new position in Marvell Technology during the 2nd quarter worth about $2,607,795,000. Bank of New York Mellon Corp lifted its position in Marvell Technology by 153.3% during the 2nd 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 buying an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Marvell Technology during the 2nd quarter worth about $1,742,526,000. Institutional investors own 83.51% of the company’s stock.

Trending Headlines about Marvell Technology

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 the roughly $18.2 billion Wall Street consensus, and outlined a potential $70 billion–$90 billion revenue opportunity by fiscal 2031. The targets reinforce expectations for strong growth from custom silicon, networking, and optical products. Marvell Raises Its 2028 Revenue Target
• Positive Sentiment: At its investor day, Marvell reportedly provided bullish guidance, while new products—including six-channel CXL memory expansion, 224G-per-lane connectivity, and optical infrastructure—could benefit from rising AI data-center demand. Marvell Forms Security Group and Unveils AI Memory
• Positive Sentiment: A new Open Compute Project security working group with Microsoft and Oracle could help establish Marvell’s technology as part of standardized security architectures for hyperscale data centers. Analysts and financial commentators continue to point to custom silicon and connectivity as major growth drivers. Fantastic News for Marvell Stock Investors
• Neutral Sentiment: Marvell’s optical business may become an important long-term AI infrastructure opportunity, but the benefits may take time to appear in reported results. The company’s broad data-infrastructure portfolio gives it exposure to multiple AI trends, although competitors such as Broadcom and Astera Labs remain important alternatives. Marvell’s Optical Business Could Win Long Term
• Negative Sentiment: AI stocks broadly sold off after a hot inflation reading and concerns about slowing revenue growth at Anthropic. That market-wide risk-off move is pressuring high-beta semiconductor names, including Marvell. Stocks That Explain Today’s Market
• Negative Sentiment: After a very large 2026 advance, investors are debating whether to take profits. Marvell trades at a demanding valuation, making the stock vulnerable if growth expectations, AI spending, or execution disappoint. Recent insider selling adds another near-term caution signal. Take Profits or Hold Marvell

Insider Activity

In other news, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the completion of the transaction, the chief operating officer owned 227,941 shares in the company, valued at $41,143,350.50. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 46,100 shares of company stock worth $10,205,174 over the last quarter. 0.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MRVL shares. Wells Fargo & Company raised their price objective on shares of Marvell Technology from $310.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. KeyCorp reiterated an “overweight” rating on shares of Marvell Technology in a research report on Wednesday, October 7th. Piper Sandler upped their target price on shares of Marvell Technology from $270.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Bank of America increased their price target on shares of Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Oppenheimer reissued an “outperform” rating and issued a $425.00 price target on shares of Marvell Technology in a report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $327.36.

Marvell Technology Trading Down 3.4%

NASDAQ MRVL traded down $8.27 during trading on Thursday, reaching $237.01. 15,093,539 shares of the stock traded hands, compared to its average volume of 27,489,314. 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 fifty-two week low of $70.68 and a fifty-two week high of $329.88. The stock’s 50-day moving average price is $240.34 and its 200 day moving average price is $215.00. The firm has a market cap of $207.83 billion, a price-to-earnings ratio of 78.05, a price-to-earnings-growth ratio of 8.01 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data 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 for 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%. The firm’s revenue was up 36.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Dividend Announcement

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