14,925 Shares in Marvell Technology, Inc. $MRVL Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 14,925 shares of the semiconductor company’s stock, valued at approximately $4,446,000.

Several other large investors have also recently bought and sold shares of MRVL. Monetta Financial Services Inc. purchased a new position in shares of Marvell Technology during the 2nd quarter valued at $1,013,000. Empirical Asset Management LLC purchased a new stake in shares of Marvell Technology in the second quarter worth $638,000. Great Lakes Advisors LLC purchased a new stake in shares of Marvell Technology in the second quarter worth $9,420,000. Avaii Wealth Management LLC bought a new stake in Marvell Technology during the second quarter valued at $1,911,000. Finally, Stevens Capital Partners bought a new stake in Marvell Technology during the second quarter valued at $211,000. 83.51% of the stock is owned by institutional investors.

Key Marvell Technology News

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

• Positive Sentiment: Marvell agreed to develop custom silicon connected to Google’s Tensor Processing Unit ecosystem, including inference accelerators, storage and networking controllers, and memory-interface products. The deal broadens Marvell’s role in Google’s AI infrastructure and could challenge Broadcom’s long-standing position as Google’s primary custom-chip partner. Marvell pops on AI chip deal
• Positive Sentiment: Google received warrants to purchase up to approximately 58.97 million Marvell shares at $206.58 each, potentially representing about 6.7% of shares outstanding and roughly $12.2 billion in value. The warrants vest in stages based on Google’s purchases, aligning Google’s future AI-chip spending with Marvell’s growth. Marvell shares jump as Google warrant deepens partnership
• Positive Sentiment: Analysts described the agreement as a major long-term catalyst. JPMorgan sees a potential $120 billion cumulative opportunity through fiscal 2033, while RBC reaffirmed an Outperform rating with a $360 price target. Stifel and William Blair also issued or maintained Buy recommendations. Marvell’s Google AI deal could unlock opportunity
• Positive Sentiment: Technical momentum also improved after MRVL reclaimed its 50-day moving average, supporting a bullish-trend thesis and forecasts for a possible move toward $300. Marvell overtakes 50-day moving average

Marvell Technology Trading Up 5.8%

Shares of MRVL stock opened at $251.01 on Friday. The business has a 50-day moving average price of $234.59 and a two-hundred day moving average price of $170.57. Marvell Technology, Inc. has a 12-month low of $61.44 and a 12-month high of $329.88. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The firm has a market cap of $219.58 billion, a P/E ratio of 85.96, a price-to-earnings-growth ratio of 1.48 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company’s revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were given 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 was Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is presently 8.22%.

Insider Buying and Selling at Marvell Technology

In other news, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $236.08, for a total value of $1,770,600.00. Following the completion of the sale, the chief executive officer directly owned 783,186 shares in the company, valued at approximately $184,894,550.88. The trade was a 0.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the sale, the chief operating officer directly owned 227,941 shares of the company’s stock, valued at $41,143,350.50. This trade represents a 4.20% 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. Insiders have sold 41,981 shares of company stock valued at $9,753,132 over the last ninety days. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MRVL shares. Evercore restated an “outperform” rating and issued a $155.00 target price on shares of Marvell Technology in a research note on Tuesday, May 19th. Jefferies Financial Group reissued a “buy” rating and set a $325.00 price objective on shares of Marvell Technology in a report on Thursday. Barclays restated an “overweight” rating on shares of Marvell Technology in a research report on Thursday. Erste Group Bank downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Marvell Technology in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $250.27.

Marvell Technology Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.