82,961 Shares in Marvell Technology, Inc. $MRVL Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 82,961 shares of the semiconductor company’s stock, valued at approximately $21,919,000.

A number of other institutional investors have also made changes to their positions in MRVL. Gunderson Capital Management LLC bought a new position in shares of Marvell Technology in the 3rd quarter valued at about $7,643,000. Turtle Creek Wealth Advisors LLC bought a new position in Marvell Technology in the third quarter valued at approximately $982,000. Curated Wealth Partners LLC bought a new position in Marvell Technology in the third quarter valued at approximately $579,000. WealthPlan Investment Management LLC acquired a new position in shares of Marvell Technology during the 3rd quarter worth approximately $3,200,000. Finally, Purus Wealth Management LLC bought a new stake in shares of Marvell Technology during the 3rd quarter worth approximately $486,000. Institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 directly owned 909 shares of the company’s stock, valued at approximately $248,693.31. The trade was a 54.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 46,100 shares of company stock worth $10,205,174 in the last 90 days. Company insiders own 0.12% of the company’s stock.

Marvell Technology News Summary

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 Wall Street consensus, and outlined a potential $70 billion–$90 billion revenue opportunity by fiscal 2031. The targets reinforce expectations for strong growth from custom silicon, networking, and optical products. Marvell Raises Its 2028 Revenue Target
• Positive Sentiment: At its investor day, Marvell reportedly provided bullish guidance, while new products—including six-channel CXL memory expansion, 224G-per-lane connectivity, and optical infrastructure—could benefit from rising AI data-center demand. Marvell Forms Security Group and Unveils AI Memory
• Positive Sentiment: A new Open Compute Project security working group with Microsoft and Oracle could help establish Marvell’s technology as part of standardized security architectures for hyperscale data centers. Analysts and financial commentators continue to point to custom silicon and connectivity as major growth drivers. Fantastic News for Marvell Stock Investors
• Neutral Sentiment: Marvell’s optical business may become an important long-term AI infrastructure opportunity, but the benefits may take time to appear in reported results. The company’s broad data-infrastructure portfolio gives it exposure to multiple AI trends, although competitors such as Broadcom and Astera Labs remain important alternatives. Marvell’s Optical Business Could Win Long Term
• Negative Sentiment: AI stocks broadly sold off after a hot inflation reading and concerns about slowing revenue growth at Anthropic. That market-wide risk-off move is pressuring high-beta semiconductor names, including Marvell. Stocks That Explain Today’s Market
• Negative Sentiment: After a very large 2026 advance, investors are debating whether to take profits. Marvell trades at a demanding valuation, making the stock vulnerable if growth expectations, AI spending, or execution disappoint. Recent insider selling adds another near-term caution signal. Take Profits or Hold Marvell

Analysts Set New Price Targets

MRVL has been the subject of several analyst reports. B. Riley Financial decreased their target price on shares of Marvell Technology from $345.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Seaport Research Partners initiated coverage on shares of Marvell Technology in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $270.00 price target for the company. DA Davidson set a $225.00 price objective on shares of Marvell Technology in a research report on Tuesday, August 18th. BMO Capital Markets restated a “market perform” rating and set a $325.00 price objective on shares of Marvell Technology in a research note on Wednesday, October 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of Marvell Technology from $360.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $327.36.

Marvell Technology Stock Performance

MRVL stock traded down $8.27 during midday trading on Thursday, reaching $237.01. 15,093,539 shares of the company were exchanged, compared to its average volume of 27,489,314. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88. The firm has a market capitalization of $207.83 billion, a price-to-earnings ratio of 78.05, a price-to-earnings-growth ratio of 8.01 and a beta of 2.26. The business has a 50-day moving average price of $240.34 and a two-hundred day moving average price of $215.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the business earned $0.67 EPS. Marvell Technology’s quarterly revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities research analysts forecast that Marvell Technology, Inc. will post 3.05 EPS 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 given a dividend of $0.06 per share. The ex-dividend date is Friday, October 9th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is presently 7.92%.

Marvell Technology Company Profile

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.