295,690 Shares of Marvell Technology, Inc. $MRVL Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 295,690 shares of the semiconductor company’s stock, valued at approximately $77,846,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new position in Marvell Technology in the 2nd quarter valued at $27,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Marvell Technology during the third quarter worth $25,000. Aberdeen Wealth Management LLC bought a new stake in shares of Marvell Technology during the second quarter worth $30,000. Sawyer & Company Inc purchased a new stake in shares of Marvell Technology during the third quarter valued at $26,000. Finally, Sunrise Financial Services LLC purchased a new stake in shares of Marvell Technology during the third quarter valued at $26,000. 83.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MRVL has been the topic of a number of research analyst reports. TD Cowen cut shares of Marvell Technology from a “buy” rating to a “hold” rating and cut their price target for the stock from $350.00 to $175.00 in a report on Tuesday. Barclays reiterated an “overweight” rating on shares of Marvell Technology in a report on Thursday, August 20th. HC Wainwright reissued a “buy” rating on shares of Marvell Technology in a research report on Tuesday, August 25th. KeyCorp restated an “overweight” rating on shares of Marvell Technology in a research note on Wednesday, October 7th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $380.00 target price on shares of Marvell Technology in a research report on Wednesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $300.85.

Marvell Technology Stock Performance

MRVL stock opened at $171.97 on Wednesday. Marvell Technology, Inc. has a 1-year low of $70.68 and a 1-year high of $329.88. The business has a 50-day moving average price of $240.15 and a 200 day moving average price of $183.26. The company has a market capitalization of $150.80 billion, a P/E ratio of 56.76, a PEG ratio of 5.11 and a beta of 2.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62.

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 the consensus estimate of $0.93 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm’s quarterly revenue was up 36.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.

Insider Buying and Selling at Marvell Technology

In related news, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the transaction, the chief executive officer directly owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 3,685 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 58,748 shares of the company’s stock, valued at $13,804,017.56. This trade represents a 5.90% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 57,285 shares of company stock valued at $12,901,763 in the last ninety days. Company insiders own 0.12% of the company’s stock.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: The proposed all-stock acquisition of Lumentum would combine Marvell’s custom chips and networking products with Lumentum’s optical technology for AI data centers. Marvell expects more than $1 billion in annual cost savings and says the deal could increase adjusted earnings per share in its first year after closing. Read More.
• Positive Sentiment: Some analysts continue to see upside: BMO kept its Buy rating and $325 target, while UBS maintained its Buy rating and $350 target, viewing the deal as supportive of Marvell’s optical-networking opportunity. Read More. Read More.
• Neutral Sentiment: Shares recovered some ground as chip stocks bounced following a sharp selloff, though the rebound followed pronounced losses tied to the acquisition announcement. Read More.
• Neutral Sentiment: COO Chris Koopmans sold 10,000 shares under a pre-arranged Rule 10b5-1 trading plan; he retained 202,800 shares, making the transaction less clearly a signal about near-term prospects. Read More.
• Negative Sentiment: Downgrades and steep target cuts highlighted concerns about dilution, regulatory approval, potential customer conflicts, and execution. BofA cut its rating to Neutral and TD Cowen moved to Hold, with both sharply reducing their targets. Read More. Read More.

Marvell Technology 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.