Marvell Technology, Inc. $MRVL Shares Newly Bought by Secure Asset Management LLC

Secure Asset Management LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 5,980 shares of the semiconductor company’s stock, valued at approximately $1,580,000.

Several other hedge funds have also recently bought and sold shares of the company. Focused Wealth Management Inc acquired a new position in shares of Marvell Technology during the first quarter worth approximately $608,000. Birch Hill Investment Advisors LLC bought a new position in Marvell Technology in the 3rd quarter worth approximately $848,000. Swedbank AB increased its position in Marvell Technology by 2.8% in the 1st quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company’s stock valued at $315,925,000 after acquiring an additional 85,816 shares during the period. Merit Financial Group LLC increased its position in Marvell Technology by 22.9% in the 2nd quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company’s stock valued at $8,067,000 after acquiring an additional 5,047 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Marvell Technology by 49.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company’s stock valued at $27,105,000 after acquiring an additional 90,800 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology News Roundup

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

• Positive Sentiment: Analysts continue to support the AI growth outlook. A fair-value upgrade and bullish commentary suggest Wall Street believes Marvell’s custom silicon, data-center connectivity and AI infrastructure businesses can sustain strong growth. Marvell Technology Stock Sees Fair Value Lift After Analysts Back AI Growth
• Positive Sentiment: Reports that a Google TPU delay is manageable are supporting Marvell. GF Securities reportedly believes the timing issue will not materially weaken Marvell’s position with custom-chip customers, easing concerns about a potential disruption to its AI revenue pipeline. Marvell Jumps as GF Securities Says Google Chip Delay Won’t Dent Its Position
• Positive Sentiment: New CXL and connectivity launches expand the growth narrative. Marvell’s formation of a Cloud Security Alliance following new product launches reinforces its positioning in cloud infrastructure, data-center networking and next-generation memory connectivity. Marvell Technology Forms Cloud Security Alliance After New CXL and Connectivity Launches
• Positive Sentiment: AI-sector momentum is lifting semiconductor shares broadly. A rebound in technology stocks and continued enthusiasm for custom silicon are providing a favorable backdrop for Marvell, while analysts expect the custom-chip market to grow despite supply-chain competition. Broadcom Vs. Marvell: Custom Silicon is Going to Get White Hot

Wall Street Analysts Forecast Growth

MRVL has been the topic of several recent analyst reports. Susquehanna lifted their target price on Marvell Technology from $265.00 to $340.00 and gave the company a “positive” rating in a research note on Wednesday, October 7th. Oppenheimer reissued an “outperform” rating and issued a $425.00 price target on shares of Marvell Technology in a research note on Wednesday, October 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $270.00 price target on shares of Marvell Technology in a research note on Wednesday, October 7th. Stifel Nicolaus raised their price target on Marvell Technology from $350.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Finally, Piper Sandler lifted their price objective on shares of Marvell Technology from $270.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Two equities 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $327.36.

Insider Transactions at Marvell Technology

In other news, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total value of $1,675,425.00. Following the sale, the chief executive officer owned 775,686 shares of the company’s stock, valued at approximately $173,280,495.54. The trade was a 0.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $234.97, for a total value of $865,864.45. Following the completion of the sale, the insider owned 58,748 shares of the company’s stock, valued at approximately $13,804,017.56. This trade represents a 5.90% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders sold 57,285 shares of company stock valued at $12,837,063. Company insiders own 0.12% of the company’s stock.

Marvell Technology Trading Up 4.1%

Marvell Technology stock opened at $237.09 on Tuesday. The firm has a 50 day simple moving average of $241.71 and a 200-day simple moving average of $217.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The stock has a market capitalization of $207.90 billion, a PE ratio of 78.25, a price-to-earnings-growth ratio of 6.79 and a beta of 2.26. Marvell Technology, Inc. has a 12-month low of $70.68 and a 12-month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the business earned $0.67 earnings per share. The business’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. As a group, equities research analysts expect that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

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.