3,200 Shares of Marvell Technology, Inc. $MRVL Purchased by McHugh Group LLC

McHugh Group LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,200 shares of the semiconductor company’s stock, valued at approximately $845,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Kercheville Advisors LLC acquired a new stake in shares of Marvell Technology in the third quarter valued at about $1,395,000. Gold Investment Management Ltd. bought a new position in shares of Marvell Technology during the third quarter worth about $368,000. Abel Hall LLC acquired a new position in shares of Marvell Technology in the third quarter worth approximately $330,000. Lifelong Wealth Advisors Inc. acquired a new position in shares of Marvell Technology in the third quarter worth approximately $227,000. Finally, Crown Wealth Group LLC acquired a new position in shares of Marvell Technology in the third quarter worth approximately $475,000. 83.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MRVL has been the subject of several analyst reports. TD Cowen upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and raised their price target for the stock from $245.00 to $350.00 in a report on Wednesday, October 7th. Roth Capital reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Marvell Technology in a research note on Thursday, August 20th. Rosenblatt Securities increased their price objective on shares of Marvell Technology from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Morgan Stanley increased their price objective on shares of Marvell Technology from $268.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 7th. Finally, B. Riley Financial lowered their target price on shares of Marvell Technology from $345.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $327.36.

Marvell Technology Stock Up 4.1%

Shares of NASDAQ:MRVL traded up $9.26 during mid-day trading on Monday, hitting $237.09. 17,928,748 shares of the company traded hands, compared to its average volume of 27,459,762. The stock has a 50-day moving average price of $241.14 and a two-hundred day moving average price of $217.01. Marvell Technology, Inc. has a 12-month low of $70.68 and a 12-month high of $329.88. The stock has a market cap of $207.90 billion, a P/E ratio of 78.25, a P/E/G ratio of 6.79 and a beta of 2.26. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27.

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

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be paid a $0.06 dividend. The ex-dividend date is Friday, October 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 7.92%.

Marvell Technology News Roundup

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

• Positive Sentiment: GF Securities said the reported Google TPU delay should not materially weaken Marvell’s position in custom chips, helping support renewed investor interest in the stock. Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position
• Positive Sentiment: Analyst support for Marvell’s artificial-intelligence growth outlook led to a fair-value increase, reinforcing the view that demand for data-center connectivity and custom silicon can continue expanding. Marvell Technology Stock Sees Fair Value Lift After Analysts Back AI Growth
• Positive Sentiment: New CXL and connectivity products, along with the formation of a Cloud Security Alliance, broaden Marvell’s infrastructure offering and could strengthen its position in cloud and AI data centers. Marvell Technology Forms Cloud Security Alliance After New CXL and Connectivity Launches
• Positive Sentiment: Commentary remains bullish after Marvell’s recent selloff, arguing that the decline outpaced changes in the company’s underlying AI and data-center fundamentals. Marvell Technology Will Heat Up Very Soon
• Neutral Sentiment: Investors are comparing Marvell with Broadcom in the growing custom-silicon market; the opportunity is substantial, but supply constraints and competitive positioning could determine which company benefits most. Broadcom vs. Marvell: Custom Silicon Is Going to Get White Hot
• Negative Sentiment: Marvell had fallen sharply during the prior week despite raising its fiscal 2028 revenue outlook at Investor Day, highlighting concerns that the stock’s strong AI rally had priced in substantial future growth. What Just Happened to Marvell Stock?
• Negative Sentiment: Insider Matthew Murphy’s sale of 7,500 shares added to investor caution, while the small group of analysts unwilling to recommend the stock points to valuation and execution risks after its substantial six-month advance. Marvell Technology Insider Sells 7,500 Shares

Insider Activity

In related news, insider Sandeep Bharathi sold 3,685 shares of the business’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the transaction, the insider directly owned 58,748 shares in the company, valued at approximately $13,804,017.56. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $262.05, for a total transaction of $2,620,500.00. Following the completion of the sale, the chief operating officer directly owned 207,941 shares of the company’s stock, valued at $54,490,939.05. The trade was a 4.59% 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. In the last 90 days, insiders have sold 57,285 shares of company stock worth $12,837,063. 0.12% of the stock is owned by insiders.

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.