Deltec Asset Management LLC Purchases 23,015 Shares of Marvell Technology, Inc. $MRVL

Deltec Asset Management LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 23,015 shares of the semiconductor company’s stock, valued at approximately $6,081,000. Marvell Technology accounts for approximately 0.9% of Deltec Asset Management LLC’s holdings, making the stock its 26th biggest holding.

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

Insider Buying and Selling

In other Marvell Technology news, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total transaction of $300,949.00. Following the completion of the sale, the chief accounting officer owned 909 shares of the company’s stock, valued at approximately $248,693.31. This represents a 54.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sandeep Bharathi sold 3,685 shares of the stock in a transaction on 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. The SEC filing for this sale provides additional information. 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 three months, insiders have sold 57,285 shares of company stock valued at $12,837,063. Insiders own 0.12% of the company’s stock.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell’s long-term AI opportunity remains the primary bullish catalyst. Analysts highlighted its custom AI-chip and data-center connectivity businesses, along with management’s ambitious fiscal 2031 revenue target of $70 billion to $90 billion. The stock has gained substantially over the past year, reflecting expectations for continued AI-related growth. “Next Trillion-Dollar Company”: Marvell Has Ripped 185% in a Year. Is It Too Late to Buy?
• Positive Sentiment: Recent product launches focused on data-center connectivity and memory expansion for AI workloads, as well as Marvell’s chip relationship with Alphabet’s Google, reinforce the company’s positioning in the expanding AI semiconductor market. Marvell’s Road to $90B: The 3 Moves Behind the Boldest Target in AI Chips
• Neutral Sentiment: Marvell amended its revolving credit facility to provide up to $3 billion in borrowing capacity, with the possibility of an additional $2 billion. No loans were drawn, so the facility improves financial flexibility but does not immediately add revenue or debt. Marvell lines up $3 billion revolver with no loans drawn
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day short-interest ratio. This unusual figure may reflect a reporting or data issue, but it provides no evidence of meaningful short-seller pressure in the available data.
• Negative Sentiment: Valuation remains a key risk after Marvell’s large multiyear advance. Commentators questioned whether earnings can catch up with the optimism already reflected in the share price, particularly as investors assess the company’s rich price-to-earnings multiple. Marvell Stock Still Carries a Rich Price
• Negative Sentiment: Concerns that debt-market funding for AI data centers could be drying up represent a broader risk to Marvell’s growth outlook, although the company was not identified as having funding problems. Is Money for AI Data Centers Drying Up?

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $233.78 on Tuesday. The firm has a market capitalization of $205.00 billion, a P/E ratio of 77.16, a P/E/G ratio of 6.81 and a beta of 2.26. Marvell Technology, Inc. has a fifty-two week low of $70.68 and a fifty-two week high of $329.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The company’s 50 day moving average price is $243.18 and its two-hundred day moving average price is $179.49.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (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 during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. 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. On average, equities analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MRVL shares. Seaport Research Partners began coverage on shares of Marvell Technology in a research note on Tuesday, September 22nd. They set a “buy” rating and a $270.00 price target for the company. HC Wainwright reiterated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, August 25th. Erste Group Bank lowered Marvell Technology from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. DA Davidson set a $225.00 price target on shares of Marvell Technology in a report on Tuesday, August 18th. Finally, Wells Fargo & Company lifted their target price on Marvell Technology from $310.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Three 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 company’s stock. According to data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average price target of $327.36.

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.