6,154 Shares in Marvell Technology, Inc. $MRVL Acquired by Miller Global Investments LLC

Miller Global Investments LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,154 shares of the semiconductor company’s stock, valued at approximately $1,626,000. Marvell Technology makes up about 1.2% of Miller Global Investments LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. grew its stake 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 worth $25,511,649,000 after buying an additional 21,798,190 shares in the last quarter. State Street Corp lifted its holdings in shares of Marvell Technology by 79.3% in the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after acquiring an additional 18,495,866 shares during the last quarter. Bank of America Corp DE purchased a new position in Marvell Technology in the second quarter worth about $2,607,795,000. Bank of New York Mellon Corp increased its stake in Marvell Technology by 153.3% during the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after acquiring an additional 4,815,725 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Marvell Technology during the second quarter valued at approximately $1,742,526,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Key Marvell Technology News

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

• Positive Sentiment: Investors are anticipating another potential guidance increase on October 6. Marvell’s recent record revenue, 37% year-over-year sales growth and raised fiscal 2027 and 2028 outlooks support expectations for continued momentum. Prediction: This Artificial Intelligence AI Chip Stock Will Make a Big Move in October
• Positive Sentiment: A reported deal with Google highlights Marvell’s custom AI silicon opportunity with hyperscale customers. Management’s projected custom-chip growth through 2028 is reinforcing the view that AI demand could support further revenue expansion. Marvell’s Custom AI Silicon Deals With Hyperscalers Could Redefine Its Growth Story
• Positive Sentiment: Analysts and financial commentators remain broadly bullish, with Marvell frequently identified as a major beneficiary of AI infrastructure spending. Its data-center business accounted for 79% of fiscal second-quarter 2027 revenue, while several analysts maintain buy or outperform ratings. Broadcom vs. Marvell: One AI Stock Offers More Bang for the Buck
• Neutral Sentiment: Marvell affirmed its quarterly dividend of $0.06 per share, providing a modest shareholder return but little impact on the investment case because the annualized yield is approximately 0.1%. The Federal Reserve’s upcoming policy decision also remains relevant because interest rates and liquidity can influence high-growth technology valuations. Is Marvell Technology Fully Valued on Its Dividend Affirmation and AI Run?
• Negative Sentiment: Valuation is the main risk: MRVL trades at roughly 90 times trailing earnings, far above the broader market. Investors are concerned that reliance on a concentrated group of hyperscale customers could leave revenue vulnerable if AI-related capital spending slows. Should You Be Worried About Marvell Stock?
• Negative Sentiment: COO Chris Koopmans sold 10,000 shares worth approximately $2.6 million under a pre-arranged Rule 10b5-1 plan. The sale is a mild negative signal, though the executive retained more than 207,000 shares, limiting its significance. Insider Selling: Marvell Technology COO Sells 10,000 Shares

Insider Transactions at Marvell Technology

In related news, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the completion of the sale, the chief executive officer owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 Thursday, October 1st. The stock was sold at an average price of $262.05, for a total value of $2,620,500.00. Following the transaction, the chief operating officer directly owned 207,941 shares in the company, valued at approximately $54,490,939.05. The trade was a 4.59% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 45,000 shares of company stock worth $9,904,225. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MRVL shares. Oppenheimer raised their price target on Marvell Technology from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. B. Riley Financial reduced their target price on Marvell Technology from $345.00 to $315.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Benchmark reissued a “buy” rating on shares of Marvell Technology in a research note on Monday, August 24th. KeyCorp reaffirmed an “overweight” rating on shares of Marvell Technology in a research note on Friday, August 28th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $330.00 price objective on shares of Marvell Technology in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $272.00.

Marvell Technology Stock Up 1.6%

NASDAQ MRVL traded up $4.21 during trading on Friday, reaching $272.29. 14,751,308 shares of the company’s stock traded hands, compared to its average volume of 27,680,238. The firm has a market cap of $238.77 billion, a price-to-earnings ratio of 89.86, a price-to-earnings-growth ratio of 2.55 and a beta of 2.26. The company’s 50 day simple moving average is $225.75 and its two-hundred day simple moving average is $203.60. 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, Inc. has a 12-month low of $70.68 and a 12-month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share 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 during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. Marvell Technology’s revenue 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, sell-side analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Friday, October 9th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is 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 presently 7.92%.

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.