TD Asset Management Inc Has $192.78 Million Stock Position in Marvell Technology, Inc. $MRVL

TD Asset Management Inc boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 129.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 647,155 shares of the semiconductor company’s stock after buying an additional 364,961 shares during the period. TD Asset Management Inc’s holdings in Marvell Technology were worth $192,781,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. River Wealth Advisors LLC bought a new stake in shares of Marvell Technology in the second quarter valued at approximately $3,129,000. Gateway Wealth Partners LLC bought a new position in Marvell Technology during the second quarter worth $254,000. SmartHarvest Portfolios LLC raised its stake in Marvell Technology by 6.8% during the 2nd quarter. SmartHarvest Portfolios LLC now owns 2,738 shares of the semiconductor company’s stock valued at $816,000 after purchasing an additional 174 shares during the last quarter. Win Advisors Inc. bought a new stake in Marvell Technology in the 2nd quarter valued at $2,818,000. Finally, Suncoast Equity Management bought a new stake in Marvell Technology in the 2nd quarter valued at $322,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MRVL. Benchmark boosted their price objective on shares of Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Rosenblatt Securities reissued a “buy” rating and set a $240.00 target price on shares of Marvell Technology in a research report on Friday, June 12th. Loop Capital upgraded Marvell Technology to a “strong-buy” rating in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price target on shares of Marvell Technology in a report on Thursday, May 28th. Finally, Bank of America raised their price objective on Marvell Technology from $240.00 to $365.00 and gave the stock 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 issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $244.65.

Insider Buying and Selling

In other news, insider Sandeep Bharathi sold 2,231 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total value of $667,359.03. Following the sale, the insider owned 55,530 shares in the company, valued at approximately $16,610,688.90. The trade was a 3.86% decrease in their position. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the completion of the sale, the chief executive officer directly owned 783,186 shares in the company, valued at approximately $184,894,550.88. The trade was a 0.95% 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. Over the last three months, insiders have sold 41,981 shares of company stock valued at $9,753,132. 0.12% of the stock is owned by insiders.

Marvell Technology Stock Up 5.5%

Shares of MRVL opened at $234.33 on Tuesday. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $236.50 and a two-hundred day moving average price of $167.33. The stock has a market cap of $204.99 billion, a price-to-earnings ratio of 80.25, a P/E/G ratio of 1.39 and a beta of 2.24. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88.

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

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology’s dividend payout ratio is currently 8.22%.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Renewed demand for AI data-center infrastructure lifted Marvell alongside other networking and interconnect stocks. Investors are focusing on Marvell’s custom silicon, switching, optical connectivity, co-packaged optics, memory and storage products, which are designed to support rising bandwidth and power-efficiency requirements in large AI data centers. AI Networking Stocks Are Rallying on Monday
• Positive Sentiment: Recent product announcements, including new AI memory and storage infrastructure offerings and deeper involvement in co-packaged optics, reinforced the view that Marvell is becoming an important supplier to next-generation AI data-center buildouts. A planned $250 million investment in India over three years is also intended to expand technology, talent and infrastructure capabilities. Marvell Technology Deepens Its CPO Role
• Positive Sentiment: Analyst commentary was supportive ahead of earnings. UBS said Marvell is positioned well, while multiple Wall Street notes and price targets remained bullish; the median target among 25 analysts was reported at $250, with several individual targets ranging from $300 to $385. Semtech, Marvell Positioned Well Ahead of Earnings
• Positive Sentiment: Investors expect fiscal Q2 revenue of approximately $2.71 billion and earnings of about $0.87 per share. Marvell’s latest quarter showed 27.6% year-over-year revenue growth, supporting optimism that AI-related demand can continue driving results. What’s Going On With Marvell Technology Stock Monday?
• Neutral Sentiment: Institutional positioning was mixed: BlackRock, Invesco, State Street and JPMorgan reportedly increased holdings, while FMR and Ameriprise reduced their positions. This suggests strong interest but also ongoing portfolio rotation.
• Negative Sentiment: Marvell faces a high earnings bar after its AI-driven rally, and reported insider activity showed 21 open-market sales and no purchases over the past six months. These factors could increase volatility if upcoming results or guidance fail to meet elevated expectations.

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.