Marvell Technology (NASDAQ:MRVL) Stock: Insider Justin Scarpulla Sells 1,100 Shares

Marvell Technology, Inc. (NASDAQ:MRVL) CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the sale, the chief accounting officer directly owned 909 shares in the company, valued at $248,693.31. This trade represents a 54.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL traded up $0.62 during midday trading on Friday, hitting $275.28. The company’s stock had a trading volume of 15,043,648 shares, compared to its average volume of 19,614,762. Marvell Technology, Inc. has a 1-year low of $70.68 and a 1-year high of $329.88. The firm’s fifty day moving average price is $237.21 and its 200-day moving average price is $210.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The firm has a market cap of $241.39 billion, a P/E ratio of 90.85, a P/E/G ratio of 8.19 and a beta of 2.26.

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

Marvell Technology Announces Dividend

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

Institutional Investors Weigh In On Marvell Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MRVL. BlackRock Inc. grew its stake in shares of Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after purchasing an additional 21,798,190 shares during the last quarter. State Street Corp boosted 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 worth $12,462,011,000 after purchasing an additional 18,495,866 shares during the period. Bank of America Corp DE acquired a new stake in shares of Marvell Technology in the second quarter worth $2,607,795,000. Bank of New York Mellon Corp grew its stake 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 valued at $2,370,604,000 after acquiring an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Marvell Technology in the 2nd quarter valued at approximately $1,742,526,000. Institutional investors own 83.51% of the company’s stock.

Key Marvell Technology News

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

• Positive Sentiment: Marvell raised its fiscal 2031 revenue target to approximately $70 billion to $90 billion, compared with a fiscal 2026 base of $8.2 billion. Management also outlined a $20 billion 2028 revenue target, reinforcing expectations for strong demand for custom AI chips, networking products and data-center connectivity. Marvell Technology Lifts 2031 Revenue Goal
• Positive Sentiment: The company estimates that connecting AI chips could become a roughly $37 billion business, improving the long-term growth case for its electro-optics, networking and custom silicon offerings. The forecast also lifted sentiment toward related AI infrastructure companies. Marvell Says Connecting AI Chips Could Be a $37 Billion Business
• Positive Sentiment: Barclays maintained a Buy rating, while reports also cited favorable views or price-target increases from JPMorgan, RBC, Susquehanna, Cantor Fitzgerald and Bank of America. This analyst support is helping sustain momentum after the investor-day presentation. Barclays Keeps Their Buy Rating on Marvell
• Neutral Sentiment: Marvell plans to showcase a broad portfolio of open AI infrastructure solutions at the OCP Global Summit, providing potential product and customer visibility but no immediate change to earnings guidance. Marvell to Showcase Open AI Infrastructure Solutions
• Negative Sentiment: Some analysts warn that the stock’s substantial multiyear rally has already priced in significant AI success. At roughly 24 times forward earnings, valuation may look reasonable relative to the growth targets, but it remains exposed to execution risk, customer concentration and any slowdown in AI data-center spending. Marvell Stock Could Be Below Fair Value
• Negative Sentiment: Higher Treasury yields and oil prices recently pressured high-growth technology shares, contributing to volatility in MRVL despite its favorable company-specific outlook. What’s Going On With Marvell Technology Stock

Analyst Ratings Changes

MRVL has been the topic of several analyst reports. UBS Group increased their target price on Marvell Technology from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday. HC Wainwright reissued a “buy” rating on shares of Marvell Technology in a report on Tuesday, August 25th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $325.00 price objective on shares of Marvell Technology in a report on Wednesday. Rosenblatt Securities lifted their price objective on shares of Marvell Technology from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a research note on Tuesday. Two 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. Based on data from MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $320.82.

About Marvell Technology

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.