Marvell Technology, Inc. $MRVL Shares Newly Bought by Grandview Asset Management LLC

Grandview Asset Management LLC bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 22,204 shares of the semiconductor company’s stock, valued at approximately $5,867,000. Marvell Technology makes up approximately 1.6% of Grandview Asset Management LLC’s portfolio, making the stock its 14th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Warwick Investment Management Inc. bought a new stake in shares of Marvell Technology in the 3rd quarter valued at approximately $277,000. Retirement Planning Group LLC purchased a new position in shares of Marvell Technology in the 3rd quarter worth approximately $268,000. Secure Asset Management LLC bought a new position in shares of Marvell Technology during the 3rd quarter valued at approximately $1,580,000. Worth Financial Advisory Group LLC bought a new position in shares of Marvell Technology during the 3rd quarter valued at approximately $226,000. Finally, Blue Zone Wealth Advisors LLC bought a new position in shares of Marvell Technology during the 3rd quarter valued at approximately $6,306,000. Institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup raised their price target on Marvell Technology from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Susquehanna lifted their price objective on shares of Marvell Technology from $265.00 to $340.00 and gave the stock a “positive” rating in a research note on Wednesday, October 7th. Raymond James Financial reiterated a “strong-buy” rating on shares of Marvell Technology in a research report on Tuesday, October 6th. Evercore reissued an “outperform” rating and issued a $433.00 target price on shares of Marvell Technology in a research note on Tuesday, October 6th. Finally, B. Riley Financial lowered their target price on shares of Marvell Technology from $345.00 to $315.00 and set a “buy” rating for the company in a report on Friday, August 28th. Two equities 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. Based on data from MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus target price of $327.36.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $237.09 on Tuesday. The stock’s fifty day moving average is $241.71 and its two-hundred day moving average is $217.99. The company has a market capitalization of $207.90 billion, a PE ratio of 78.25, a price-to-earnings-growth ratio of 6.79 and a beta of 2.26. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last released its earnings results 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. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period last year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current 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 issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, October 9th. Marvell Technology’s dividend payout ratio is currently 7.92%.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Analysts continue to support the AI growth outlook. A fair-value upgrade and bullish commentary suggest Wall Street believes Marvell’s custom silicon, data-center connectivity and AI infrastructure businesses can sustain strong growth. Marvell Technology Stock Sees Fair Value Lift After Analysts Back AI Growth
• Positive Sentiment: Reports that a Google TPU delay is manageable are supporting Marvell. GF Securities reportedly believes the timing issue will not materially weaken Marvell’s position with custom-chip customers, easing concerns about a potential disruption to its AI revenue pipeline. Marvell Jumps as GF Securities Says Google Chip Delay Won’t Dent Its Position
• Positive Sentiment: New CXL and connectivity launches expand the growth narrative. Marvell’s formation of a Cloud Security Alliance following new product launches reinforces its positioning in cloud infrastructure, data-center networking and next-generation memory connectivity. Marvell Technology Forms Cloud Security Alliance After New CXL and Connectivity Launches
• Positive Sentiment: AI-sector momentum is lifting semiconductor shares broadly. A rebound in technology stocks and continued enthusiasm for custom silicon are providing a favorable backdrop for Marvell, while analysts expect the custom-chip market to grow despite supply-chain competition. Broadcom Vs. Marvell: Custom Silicon is Going to Get White Hot

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi sold 3,685 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $234.97, for a total transaction of $865,864.45. Following the transaction, the insider owned 58,748 shares in the company, valued at approximately $13,804,017.56. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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, CAO Justin Scarpulla sold 1,100 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $273.59, for a total transaction of $300,949.00. Following the completion of the sale, the chief accounting officer owned 909 shares of the company’s stock, valued at approximately $248,693.31. This represents a 54.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,285 shares of company stock valued at $12,837,063 over the last 90 days. 0.12% of the stock is owned by corporate insiders.

Marvell Technology Company Profile

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.