35,699 Shares of Marvell Technology, Inc. $MRVL Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 35,699 shares of the semiconductor company’s stock, valued at approximately $9,432,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Birch Hill Investment Advisors LLC bought a new position in shares of Marvell Technology in the third quarter valued at approximately $848,000. Swedbank AB increased its holdings in Marvell Technology by 2.8% during the 1st quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company’s stock worth $315,925,000 after acquiring an additional 85,816 shares during the period. Merit Financial Group LLC boosted its holdings 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 purchasing an additional 5,047 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings 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 purchasing an additional 90,800 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Marvell Technology by 5.4% in the first quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company’s stock worth $246,536,000 after purchasing an additional 126,600 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Trading Down 8.7%

NASDAQ MRVL opened at $223.47 on Friday. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $242.85 and its two-hundred day simple moving average is $220.72. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88. The company has a market capitalization of $195.96 billion, a price-to-earnings ratio of 73.75, a PEG ratio of 7.30 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The company’s revenue was up 36.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Research analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Royal Bank Of Canada boosted their target price on Marvell Technology from $360.00 to $425.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 7th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $325.00 price target on shares of Marvell Technology in a report on Wednesday, October 7th. Benchmark reiterated a “buy” rating on shares of Marvell Technology in a research report on Monday, August 24th. Jefferies Financial Group upped their price objective on shares of Marvell Technology from $325.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Finally, Rosenblatt Securities raised their target price on shares of Marvell Technology from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $327.36.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Analysts raised the average price target for Marvell by 11.84% to CHF 267.74, suggesting continued confidence in the company’s growth outlook. Average analyst price target for Marvell Technology increased
• Positive Sentiment: Marvell remains positioned to benefit from AI infrastructure spending through custom silicon, optical connectivity and switching products. Analysts and bullish commentators point to ambitious revenue targets and expanding data-center opportunities as potential long-term catalysts. MRVL Taps Into AI Infrastructure Growth
• Positive Sentiment: Marvell was included among non-Nvidia chip stocks viewed as potential beneficiaries of rising demand for custom AI processors. The company also received approximately $116.4 million of net ETF buying on October 19, indicating institutional demand. Four Non-Nvidia Chip Stocks
• Neutral Sentiment: Marvell previously outperformed the broader market in the latest reported session, while bullish analyses argue that the recent volatility does not undermine the company’s longer-term AI opportunity. Marvell Stock Is Bouncing Back
• Negative Sentiment: A supply warning from a semiconductor equipment maker intensified concerns about bottlenecks and near-term chip demand, triggering a broad technology and AI-related semiconductor sell-off. Marvell, as a data-center-focused chip designer, was among the stocks hit hardest. Chip Stocks Fall as Supply Warning Deepens AI Selloff
• Negative Sentiment: Reports specifically cited supply-chain bottlenecks as an additional pressure on Marvell, reinforcing investor concerns about execution and the timing of AI infrastructure growth. Marvell Feels Supply Chain Bottlenecks Pressure

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 227,941 shares in the company, valued at $41,143,350.50. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the transaction, the chief executive officer directly owned 775,686 shares in the company, valued at $173,280,495.54. This trade represents a 0.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,285 shares of company stock valued at $12,837,063 over the last ninety days. Insiders own 0.12% of the company’s stock.

About Marvell Technology

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.