True Freedom Investing LLC Acquires 7,973 Shares of Marvell Technology, Inc. $MRVL

True Freedom Investing LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,973 shares of the semiconductor company’s stock, valued at approximately $2,107,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after purchasing an additional 21,798,190 shares during the last quarter. State Street Corp boosted its holdings in Marvell Technology by 79.3% in the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after buying an additional 18,495,866 shares during the last quarter. Bank of America Corp DE acquired a new stake in Marvell Technology in the 2nd quarter worth about $2,607,795,000. Legal & General Group Plc acquired a new stake in Marvell Technology in the 2nd quarter worth about $1,742,526,000. Finally, Bank of New York Mellon Corp increased its stake 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 worth $2,370,604,000 after buying an additional 4,815,725 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Performance

MRVL opened at $196.40 on Monday. The firm has a market capitalization of $172.22 billion, a PE ratio of 64.82, a PEG ratio of 5.85 and a beta of 2.26. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88. The firm’s 50-day moving average price is $242.61 and its 200 day moving average price is $182.37. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. The company 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%. Marvell Technology’s quarterly revenue was up 36.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, sell-side analysts expect that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently declared 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 was Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is 7.92%.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: The proposed combination would expand Marvell’s position in AI data-center infrastructure by pairing its custom chips and networking technology with Lumentum’s lasers and optical components. The companies expect more than $1 billion in annual run-rate cost savings and higher adjusted earnings per share during the first year after closing. Marvell to Acquire Lumentum in $115 Billion All-Stock AI Infrastructure Deal
• Positive Sentiment: Management is targeting the fast-growing optical-networking market, where demand is being supported by AI data-center expansion. Marvell CEO Matt Murphy will lead the combined company, providing continuity for the company’s AI roadmap. Marvell and Lumentum officially plan to combine. Here’s what to know.
• Neutral Sentiment: The transaction values Lumentum at approximately $115 billion including debt. Lumentum investors would receive 4.5 Marvell shares per share, while Marvell shareholders would own about 67% of the combined company. Closing is expected in the first half of 2028, subject to shareholder and regulatory approvals.
• Negative Sentiment: Investors have reacted negatively to the scale of the acquisition, with Marvell shares declining sharply over the past week. The all-stock structure could create substantial dilution and ties the transaction’s effective value to Marvell’s volatile share price. Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
• Negative Sentiment: The acquisition introduces integration, regulatory and execution risks and may distract from Marvell’s existing AI-chip growth plans. At roughly $172 billion in market value, with a high earnings multiple and shares below their 50-day moving average, investors appear concerned that Marvell may be paying too much for future optical-networking growth.

Analysts Set New Price Targets

A number of equities analysts have commented on MRVL shares. BMO Capital Markets reissued a “market perform” rating and set a $325.00 target price on shares of Marvell Technology in a report on Wednesday, October 7th. Citigroup raised their target price on Marvell Technology from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Stifel Nicolaus lifted their price target on Marvell Technology from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Evercore reiterated an “outperform” rating and set a $433.00 price target on shares of Marvell Technology in a research report on Tuesday, October 6th. Finally, Roth Capital reissued a “buy” rating and issued a $350.00 price objective on shares of Marvell Technology in a research note on Thursday, August 20th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $327.36.

Insider Buying and Selling

In related news, CAO Justin Scarpulla sold 1,100 shares of Marvell Technology stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the transaction, the chief accounting officer owned 909 shares in the company, valued at approximately $248,693.31. This trade represents a 54.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $235.47, for a total value of $1,766,025.00. Following the transaction, the chief executive officer owned 768,186 shares in the company, valued at approximately $180,884,757.42. The trade was a 0.97% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 47,285 shares of company stock valued at $11,032,063 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

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.