3,715 Shares in Marvell Technology, Inc. $MRVL Acquired by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,715 shares of the semiconductor company’s stock, valued at approximately $982,000.

Several other hedge funds and other institutional investors have also modified their holdings of MRVL. C M Bidwell & Associates Ltd. acquired a new stake in Marvell Technology in the 2nd quarter worth $27,000. Aberdeen Wealth Management LLC bought a new stake in shares of Marvell Technology in the second quarter valued at about $30,000. Tompkins Financial Corp bought a new stake in shares of Marvell Technology in the second quarter valued at about $31,000. LifeSteps Financial Inc. bought a new stake in shares of Marvell Technology in the second quarter valued at about $32,000. Finally, Marquette Asset Management LLC acquired a new stake in Marvell Technology during the third quarter worth about $30,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of Marvell Technology stock traded down $8.88 during midday trading on Thursday, reaching $236.40. The company had a trading volume of 14,925,973 shares, compared to its average volume of 27,489,314. 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 fifty day simple moving average of $240.34 and a 200 day simple moving average of $215.00. Marvell Technology, Inc. has a 1-year low of $70.68 and a 1-year high of $329.88. The company has a market capitalization of $207.30 billion, a price-to-earnings ratio of 78.11, a price-to-earnings-growth ratio of 8.01 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) 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 the consensus estimate of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell raised its fiscal 2028 revenue target to approximately $20 billion, above the roughly $18.2 billion consensus estimate, and outlined a potential $70 billion–$90 billion revenue opportunity by fiscal 2031. Those targets reinforce the long-term growth case for custom silicon, connectivity and optical products. Marvell Raises Its 2028 Revenue Target to $20 Billion
• Positive Sentiment: The company introduced new 3.2-terabit protocol-aware retimer and 1.6-terabit active electrical-cable DSP products, expanding its connectivity portfolio for AI data centers. Marvell also formed a hardware-security standards group with Microsoft and Oracle and unveiled six-channel CXL memory expansion solutions. Marvell Bolsters Connectivity Portfolio
• Positive Sentiment: Analyst commentary remains broadly supportive, highlighting consistent revenue growth, Marvell’s exposure to custom AI silicon and a potentially expanding Microsoft AI-chip opportunity. Erste Group also raised its fiscal 2028 earnings estimate to $6.10 per share from $5.38, although it maintained a Hold rating. Marvell: Buy For The Connectivity, Stay For The Custom Silicon
• Neutral Sentiment: Marvell’s optical business could become a significant long-term growth driver, but current results have not yet fully reflected that opportunity, leaving investors dependent on future execution. Marvell’s Optical Business Could Win Long Term
• Negative Sentiment: A hotter-than-expected inflation reading and signs of slowing Anthropic revenue growth extended the technology and AI selloff, weighing on Marvell along with other semiconductor stocks. Stocks That Explain Today’s Market
• Negative Sentiment: After rising more than 200% in 2026, Marvell faces profit-taking and valuation concerns. Commentary increasingly contrasts the stock’s premium with Broadcom’s larger, more diversified and cash-generative business. Insider-selling reports add another near-term overhang. Take Profits on MRVL Stock or Hold On

Wall Street Analyst Weigh In

Several research firms have commented on MRVL. Wells Fargo & Company upped their price target on Marvell Technology from $310.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Barclays restated an “overweight” rating on shares of Marvell Technology in a research report on Thursday, August 20th. Craig Hallum reaffirmed a “buy” rating and set a $380.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Roth Capital reaffirmed a “buy” rating and issued a $350.00 price target on shares of Marvell Technology in a research note on Thursday, August 20th. Finally, Benchmark reaffirmed a “buy” rating on shares of Marvell Technology in a research note on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $327.36.

Insiders Place Their Bets

In related news, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total value of $300,949.00. Following the transaction, the chief accounting officer directly owned 909 shares in the company, valued at $248,693.31. This represents a 54.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Chris Koopmans sold 10,000 shares of the firm’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 completion of the transaction, the chief operating officer owned 207,941 shares in the company, valued at $54,490,939.05. This represents 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 three months, insiders sold 46,100 shares of company stock valued at $10,205,174. 0.12% of the stock is currently owned by insiders.

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.