Revere Asset Management Inc Purchases Shares of 24,100 Marvell Technology, Inc. $MRVL

Revere Asset Management Inc purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 24,100 shares of the semiconductor company’s stock, valued at approximately $7,179,000. Marvell Technology comprises about 2.8% of Revere Asset Management Inc’s investment portfolio, making the stock its 6th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System raised its position in Marvell Technology by 29,523.4% during the second quarter. California State Teachers Retirement System now owns 385,108,617 shares of the semiconductor company’s stock worth $114,720,006,000 after acquiring an additional 383,808,601 shares in the last quarter. BlackRock Inc. grew its position in shares of Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after acquiring an additional 21,798,190 shares during the period. Norges Bank acquired a new position in shares of Marvell Technology during the 4th quarter worth about $895,455,000. Bank of America Corp DE acquired a new position in shares of Marvell Technology during the 2nd quarter worth about $2,607,795,000. Finally, Legal & General Group Plc bought a new stake in shares of Marvell Technology in the 2nd quarter valued at about $1,742,526,000. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In related news, insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the sale, the insider owned 55,530 shares of the company’s stock, valued at $16,610,688.90. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the sale, the chief executive officer directly owned 783,186 shares of the company’s stock, valued at approximately $184,894,550.88. This trade represents a 0.95% 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. Over the last 90 days, insiders sold 41,981 shares of company stock worth $9,727,132. 0.12% of the stock is currently owned by company insiders.

Key Marvell Technology News

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

• Positive Sentiment: An analyst raised the forecast for Marvell’s second-quarter earnings per share, providing a modestly favorable signal for near-term results. Marvell’s latest reported quarter also showed strong year-over-year revenue growth and an EPS beat. Q2 EPS Forecast for Marvell Technology Boosted by Analyst
• Positive Sentiment: Marvell is preparing to highlight its data-center portfolio and remains positioned to benefit from demand for custom silicon and AI connectivity products if hyperscaler spending continues. Marvell stock plunges as a new threat hits the AI trade
• Neutral Sentiment: Marvell is gaining visibility in the custom-silicon market, but analysts argue that much of the expected AI growth is already reflected in the valuation. Competition from larger chip suppliers remains an important consideration. Marvell Heats Up Custom Silicon Competition
• Negative Sentiment: Anthropic CEO Dario Amodei’s call for a slower pace of AI development, reportedly supported by other technology leaders, fueled concerns that data-center and AI-chip orders could moderate. The warning triggered broad selling across AI hardware stocks, including Marvell. Why Is Marvell Stock Down?
• Negative Sentiment: Investors are also comparing Marvell unfavorably with NVIDIA, citing NVIDIA’s faster growth, higher gross margin and lower forward price-to-earnings multiple. With Marvell trading at a high earnings multiple, any evidence of an AI spending slowdown creates added valuation risk. NVIDIA vs. Marvell: Which AI Infrastructure Stock Is the Better Buy?

Marvell Technology Stock Performance

MRVL traded down $17.28 during trading on Monday, hitting $218.82. The stock had a trading volume of 21,991,342 shares, compared to its average volume of 28,553,881. 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 company has a 50 day moving average price of $216.41 and a 200-day moving average price of $187.19. Marvell Technology, Inc. has a one year low of $66.33 and a one year high of $329.88. The firm has a market cap of $191.88 billion, a price-to-earnings ratio of 72.22, a P/E/G ratio of 2.29 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The company’s quarterly revenue was up 36.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, research analysts predict that Marvell Technology, Inc. will post 3.03 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were paid a $0.06 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s payout ratio is 7.92%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MRVL. Wolfe Research reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Marvell Technology in a research report on Friday, August 28th. Roth Capital restated a “buy” rating and issued a $350.00 price target on shares of Marvell Technology in a research note on Thursday, August 20th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $300.00 price target on shares of Marvell Technology in a report on Friday, August 28th. Melius Research set a $220.00 price objective on shares of Marvell Technology in a research report on Monday, May 18th. Finally, B. Riley Financial decreased their price objective on shares of Marvell Technology from $345.00 to $315.00 and set a “buy” rating on the stock in a report on Friday, August 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus price target of $270.47.

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, cloud computing, communications networks, automotive applications and enterprise environments. Its products are designed to move, process, secure and store data across increasingly complex computing and networking systems.

The company’s portfolio includes networking and switching products, optical and electrical interconnect solutions, custom application-specific integrated circuits, storage controllers and processors.