Bank of New York Mellon Corp Sells 176,288 Shares of Marvell Technology, Inc. $MRVL

Bank of New York Mellon Corp decreased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 5.3% in the first quarter, HoldingsChannel.com reports. The fund owned 3,142,260 shares of the semiconductor company’s stock after selling 176,288 shares during the period. Bank of New York Mellon Corp’s holdings in Marvell Technology were worth $311,241,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MRVL. Mayflower Financial Advisors LLC lifted its position in shares of Marvell Technology by 1.7% in the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock worth $407,000 after purchasing an additional 68 shares during the period. Bell Investment Advisors Inc boosted its holdings in shares of Marvell Technology by 12.9% during the 1st quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 72 shares in the last quarter. Schear Investment Advisers LLC boosted its holdings in shares of Marvell Technology by 1.4% during the 1st quarter. Schear Investment Advisers LLC now owns 7,551 shares of the semiconductor company’s stock valued at $748,000 after buying an additional 106 shares in the last quarter. Thoma Capital Management LLC grew its position in shares of Marvell Technology by 1.3% in the 1st quarter. Thoma Capital Management LLC now owns 8,711 shares of the semiconductor company’s stock worth $863,000 after buying an additional 114 shares during the period. Finally, Pittenger & Anderson Inc. increased its stake in shares of Marvell Technology by 61.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 120 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Up 0.2%

Shares of NASDAQ:MRVL opened at $188.68 on Friday. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $240.52 and a 200 day moving average price of $149.07. The company has a market cap of $165.06 billion, a price-to-earnings ratio of 64.62, a PEG ratio of 1.23 and a beta of 2.20. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the company posted $0.62 EPS. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities research analysts predict that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, July 10th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is 8.22%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MRVL shares. Evercore reissued an “outperform” rating and set a $155.00 price target on shares of Marvell Technology in a research report on Tuesday, May 19th. Barclays boosted their price target on Marvell Technology from $150.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Rosenblatt Securities reissued a “buy” rating and issued a $240.00 target price on shares of Marvell Technology in a report on Friday, June 12th. KeyCorp increased their target price on Marvell Technology from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Bank of America upped their price objective on Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $245.45.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Erste Group raised its FY2028 earnings estimate for Marvell, signaling continued confidence in long-term profitability even after the recent selloff.
• Positive Sentiment: Several articles highlighted Marvell’s AI infrastructure exposure, record data-center revenue, and strong design wins, which could support a rebound if AI spending remains robust. Article reference
• Neutral Sentiment: Recent commentary framed Marvell as a key AI infrastructure beneficiary, but also noted that the stock’s valuation leaves little room for execution mistakes. Article reference
• Neutral Sentiment: Broader tech volatility and a sharp semiconductor selloff have weighed on sentiment across the group, including Marvell, even as some analysts remain constructive. Article reference
• Negative Sentiment: Erste Group downgraded Marvell to Hold on valuation concerns, and multiple reports said the stock has been falling more steeply than the broader market amid AI capex slowdown fears. Article reference
• Negative Sentiment: Market commentary also warned that Marvell’s “real risk” is its elevated valuation and heavy dependence on AI infrastructure spending, which could magnify downside if growth expectations cool. Article reference

Insider Activity at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the sale, the chief executive officer owned 739,397 shares of the company’s stock, valued at approximately $131,065,512.22. The trade was a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $281.92, for a total value of $2,819,200.00. Following the completion of the transaction, the chief operating officer owned 227,754 shares of the company’s stock, valued at $64,208,407.68. This trade represents a 4.21% 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 have sold a total of 45,981 shares of company stock valued at $9,835,542 over the last three months. Company insiders own 0.12% of the company’s stock.

Marvell Technology Company Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.