3,200 Shares of Marvell Technology, Inc. $MRVL Bought by JW Asset Management LLC

JW Asset Management LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,200 shares of the semiconductor company’s stock, valued at approximately $845,000. Marvell Technology accounts for approximately 0.4% of JW Asset Management LLC’s investment portfolio, making the stock its 18th largest position.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in Marvell Technology by 34.1% in the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after buying an additional 21,798,190 shares during the last quarter. State Street Corp raised its position in Marvell Technology by 79.3% during the 2nd 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 position in Marvell Technology during the 2nd quarter worth approximately $2,607,795,000. Bank of New York Mellon Corp lifted 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 during the period. Finally, Legal & General Group Plc acquired a new stake in Marvell Technology during the 2nd quarter valued at approximately $1,742,526,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MRVL. KeyCorp reiterated an “overweight” rating on shares of Marvell Technology in a research note on Wednesday, October 7th. B. Riley Financial decreased their target price on shares of Marvell Technology from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Monday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $270.00 price target on shares of Marvell Technology in a report on Wednesday, October 7th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marvell Technology in a report on Thursday, October 29th. Finally, Arete Research raised Marvell Technology to a “strong-buy” rating in a research report on Friday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $300.09.

Insider Activity at Marvell Technology

In other Marvell Technology news, CEO Matthew Murphy sold 7,500 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $235.47, for a total transaction of $1,766,025.00. Following the completion of the transaction, the chief executive officer directly owned 768,186 shares in the company, valued at approximately $180,884,757.42. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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, insider Sandeep Bharathi sold 3,685 shares of the company’s stock in a transaction 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 transaction, the insider owned 58,748 shares of the company’s stock, valued at $13,804,017.56. This represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 sold a total of 57,285 shares of company stock worth $12,901,763 in the last quarter. 0.12% of the stock is owned by insiders.

More Marvell Technology News

Investors following MRVL have been watching these news items:

• Positive Sentiment: Marvell’s three new independent directors add experience in technology, finance, talent strategy, and global business operations. The appointments expand the board from seven to ten members as the company prepares for its proposed optical-networking deal. Marvell Appoints Three New Independent Directors to its Board
• Negative Sentiment: Reports of NVIDIA CEO Jensen Huang’s possible departure have unsettled chip investors, weighing on Marvell and other semiconductor and optics names. Although supplier diversification could eventually benefit alternatives, leadership uncertainty and possible tighter chip-export rules are broader sector risks. Intel and Marvell Slip. Why Huang’s Potential Exit Is Causing Chip-Stock Nerves
• Negative Sentiment: The proposed $115 billion Lumentum acquisition remains a significant risk: coverage highlights uncertain closing prospects and a long regulatory timeline. The deal could strengthen Marvell’s AI-optics position, but its scale and execution uncertainty are weighing on investor confidence. Lumentum Trades Below Marvell’s Buyout Offer. Is the Gap a Bargain?

Marvell Technology Stock Performance

NASDAQ MRVL opened at $164.45 on Friday. The stock has a market capitalization of $144.21 billion, a price-to-earnings ratio of 54.27, a PEG ratio of 5.04 and a beta of 2.32. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $230.25 and a 200 day moving average of $185.80.

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

Marvell Technology Dividend Announcement

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

Marvell Technology Profile

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.