Empowered Funds LLC Invests $39.93 Million in Marvell Technology, Inc. $MRVL

Empowered Funds LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 134,050 shares of the semiconductor company’s stock, valued at approximately $39,932,000.

A number of other institutional investors have also bought and sold shares of MRVL. United Capital Financial Advisors LLC purchased a new stake in Marvell Technology in the 2nd quarter valued at $5,198,000. Camarda Financial Advisors LLC purchased a new stake in shares of Marvell Technology in the 2nd quarter valued at approximately $3,478,000. Grandeur Peak Global Advisors LLC acquired a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $1,082,000. Bank OZK purchased a new stake in shares of Marvell Technology during the 2nd quarter valued at approximately $11,227,000. Finally, Equitable Holdings Inc. acquired a new position in Marvell Technology in the second quarter valued at approximately $19,518,000. 83.51% of the stock is 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 reported adjusted earnings of $0.94 per share, ahead of the approximately $0.92–$0.93 consensus, while revenue reached about $2.74 billion, slightly above estimates. Revenue increased 37% year over year, supported by strong demand for AI infrastructure. Marvell Technology Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Data-center revenue reportedly jumped 46%, highlighting accelerating demand for Marvell’s custom silicon and optical networking products used in AI data centers. The company also raised its full-year and next-year revenue outlooks, reinforcing the long-term AI growth story. Marvell Sees Accelerating Growth as AI Demand Boosts Second-Quarter Profit and Revenue
• Positive Sentiment: Third-quarter fiscal 2027 guidance calls for adjusted EPS of $1.05–$1.15, above the $1.03 consensus, and revenue of $3.0–$3.3 billion. The forecast indicates continued sequential growth in AI-related demand. Marvell Technology Forecasts Quarterly Revenue Above Estimates
• Neutral Sentiment: Investors were focused on visibility into Marvell’s recently announced multibillion-dollar custom-chip agreement with Google, including the timing of revenue contribution and the impact of related warrants. The earnings release did not appear to provide a sufficiently large near-term surprise to reset expectations.
• Negative Sentiment: The earnings beats were narrow, and management’s forecast provided limited upside relative to elevated Wall Street expectations. With MRVL priced for exceptional AI growth, traders treated the results as “good, but not good enough,” prompting a post-earnings selloff. Marvell Is Boosting Its Forecasts, but That’s Not Enough to Lift Its Stock

Marvell Technology Stock Down 1.5%

Marvell Technology stock opened at $241.45 on Friday. The stock has a market cap of $211.22 billion, a PE ratio of 82.69, a P/E/G ratio of 1.53 and a beta of 2.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The stock’s fifty day moving average is $229.10 and its two-hundred day moving average is $176.28. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year 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 the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm’s revenue 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. On average, sell-side analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were given a dividend of $0.06 per share. The ex-dividend date was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 8.22%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MRVL. Erste Group Bank lowered Marvell Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a report on Wednesday, June 24th. Bank of America raised their price target on Marvell Technology from $240.00 to $365.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. KeyCorp lifted their target price on Marvell Technology from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, Susquehanna increased their price target on shares of Marvell Technology from $230.00 to $265.00 and gave the stock a “positive” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.42.

Insider Buying and Selling at Marvell Technology

In other news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer owned 227,941 shares in the company, valued at approximately $41,143,350.50. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the sale, the insider directly owned 55,530 shares of the company’s stock, valued at $16,610,688.90. The trade was a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 41,981 shares of company stock valued at $9,753,132. Company insiders own 0.12% of the company’s stock.

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.