28,760 Shares in Marvell Technology, Inc. $MRVL Bought by United Capital Management of KS Inc.

United Capital Management of KS Inc. bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, Holdings Channel reports. The fund bought 28,760 shares of the semiconductor company’s stock, valued at approximately $7,599,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in Marvell Technology by 34.1% during the second 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 during the period. State Street Corp increased its position in Marvell Technology by 79.3% in the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after buying an additional 18,495,866 shares during the last quarter. Bank of America Corp DE purchased a new stake in Marvell Technology in the second quarter worth $2,607,795,000. Bank of New York Mellon Corp raised its stake in shares of Marvell Technology by 153.3% in the second 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 buying an additional 4,815,725 shares during the period. Finally, Legal & General Group Plc purchased a new position in shares of Marvell Technology during the 2nd quarter valued at $1,742,526,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Marvell shares rose as major market indexes rebounded following last week’s semiconductor losses, offering a near-term lift unrelated to company-specific news. Why Is Marvell Stock Surging on Monday?
• Positive Sentiment: B. Riley cut its price target from $275 to $250 but kept a Buy rating, signaling continued confidence in potential upside despite the reduced forecast. B. Riley analyst rating
• Neutral Sentiment: ETF flows were mixed but tilted toward buying on Nov. 5: 44 funds added Marvell shares while 19 sold. ETFs Bought $13.1 Million of Marvell
• Negative Sentiment: The biggest company-specific concern is Marvell’s reported all-stock acquisition of Lumentum, valued at $115 billion. The deal has intensified selling, with investors wary of the transaction’s scale and its implications as AI stocks face a broader pullback. Reports say Marvell has fallen sharply since the deal news emerged. Marvell Sinks 36%, Lumentum Drops 31% on $115 Billion Deal
• Negative Sentiment: Marvell’s decline also reflects investors exiting AI-related positions. One report notes the shares were about 58% below their June record close as of Nov. 5; past steep declines have sometimes taken years to recover, underscoring the risk that a rebound may not be quick. Marvell Stock Fell 58% From Its Record

Marvell Technology Trading Up 9.5%

NASDAQ:MRVL opened at $154.60 on Tuesday. The company has a market cap of $135.57 billion, a P/E ratio of 51.02, a P/E/G ratio of 4.77 and a beta of 2.32. The stock’s fifty day moving average price is $233.06 and its two-hundred day moving average price is $184.59. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year 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.

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

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were paid a $0.06 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.24 annualized dividend and a yield of 0.2%. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Bank of America downgraded Marvell Technology from a “buy” rating to a “neutral” rating and cut their price target for the stock from $400.00 to $225.00 in a research note on Tuesday, November 3rd. JPMorgan Chase & Co. boosted their price objective on Marvell Technology from $305.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. UBS Group restated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, November 3rd. Wolfe Research upped their price objective on shares of Marvell Technology from $280.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday, October 7th. Finally, Seaport Research Partners assumed coverage on shares of Marvell Technology in a research report on Tuesday, September 22nd. They set a “buy” rating and a $270.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $300.09.

Insider Buying and Selling

In other news, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the sale, the chief operating officer directly owned 202,800 shares in the company, valued at $37,917,516. This represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction dated Thursday, October 8th. The stock was 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 directly owned 909 shares in the company, valued at approximately $248,693.31. The trade was a 54.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 57,285 shares of company stock worth $12,901,763 in the last 90 days. 0.12% of the stock is owned by company insiders.

About Marvell Technology

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications.

The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.

Founded in 1995, Marvell grew through product development and acquisitions to build a broad portfolio of infrastructure technologies.