Torrey Growth & Income Advisors Acquires 17,910 Shares of Marvell Technology, Inc. $MRVL

Torrey Growth & Income Advisors bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,910 shares of the semiconductor company’s stock, valued at approximately $4,609,000. Marvell Technology makes up approximately 1.4% of Torrey Growth & Income Advisors’ investment portfolio, making the stock its 16th largest position.

Several other hedge funds have also made changes to their positions in MRVL. BlackRock Inc. raised its holdings in shares of Marvell Technology by 34.1% in the second 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 in the last quarter. State Street Corp grew its holdings in Marvell Technology by 79.3% during the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after acquiring an additional 18,495,866 shares in the last quarter. Bank of America Corp DE bought a new position in Marvell Technology during the 2nd quarter worth about $2,607,795,000. Bank of New York Mellon Corp increased its position in Marvell Technology by 153.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock valued at $2,370,604,000 after purchasing an additional 4,815,725 shares during the period. Finally, Legal & General Group Plc purchased a new position in Marvell Technology during the 2nd quarter valued at about $1,742,526,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Marvell Technology News

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

• Positive Sentiment: Marvell shares rose as major market indexes rebounded following last week’s semiconductor losses, offering a near-term lift unrelated to company-specific news. Why Is Marvell Stock Surging on Monday?
• Positive Sentiment: B. Riley cut its price target from $275 to $250 but kept a Buy rating, signaling continued confidence in potential upside despite the reduced forecast. B. Riley analyst rating
• Neutral Sentiment: ETF flows were mixed but tilted toward buying on Nov. 5: 44 funds added Marvell shares while 19 sold. ETFs Bought $13.1 Million of Marvell
• Negative Sentiment: The biggest company-specific concern is Marvell’s reported all-stock acquisition of Lumentum, valued at $115 billion. The deal has intensified selling, with investors wary of the transaction’s scale and its implications as AI stocks face a broader pullback. Reports say Marvell has fallen sharply since the deal news emerged. Marvell Sinks 36%, Lumentum Drops 31% on $115 Billion Deal
• Negative Sentiment: Marvell’s decline also reflects investors exiting AI-related positions. One report notes the shares were about 58% below their June record close as of Nov. 5; past steep declines have sometimes taken years to recover, underscoring the risk that a rebound may not be quick. Marvell Stock Fell 58% From Its Record

Analyst Upgrades and Downgrades

MRVL has been the subject of several recent research reports. Bank of America lowered shares of Marvell Technology from a “buy” rating to a “neutral” rating and reduced their price target for the company from $400.00 to $225.00 in a report on Tuesday, November 3rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $270.00 price objective on shares of Marvell Technology in a research note on Wednesday, October 7th. B. Riley Financial dropped their price objective on shares of Marvell Technology from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Monday. TD Cowen lowered shares of Marvell Technology from a “buy” rating to a “hold” rating and cut their price objective for the company from $350.00 to $175.00 in a report on Tuesday, November 3rd. Finally, William Blair reissued an “outperform” rating on shares of Marvell Technology in a research note on Monday, November 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.09.

Marvell Technology Price Performance

Shares of MRVL stock opened at $154.60 on Tuesday. The stock’s 50-day moving average is $233.06 and its 200 day moving average is $184.59. Marvell Technology, Inc. has a 1-year low of $70.68 and a 1-year high of $329.88. 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 market cap of $135.57 billion, a P/E ratio of 51.02, a PEG ratio of 4.77 and a beta of 2.32.

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

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. Marvell Technology’s payout ratio is presently 7.92%.

Insider Activity

In related news, insider Sandeep Bharathi sold 3,685 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the completion of the transaction, the insider owned 58,748 shares in the company, valued at $13,804,017.56. The trade was a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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, CEO Matthew Murphy sold 7,500 shares of the business’s 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 owned 775,686 shares of the company’s stock, valued at approximately $173,280,495.54. This trade represents a 0.96% 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. Insiders sold 57,285 shares of company stock worth $12,901,763 in the last quarter. 0.12% of the stock is currently owned by corporate insiders.

Marvell Technology Company Profile

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications.

The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.

Founded in 1995, Marvell grew through product development and acquisitions to build a broad portfolio of infrastructure technologies.