Marvell Technology, Inc. $MRVL Shares Newly Purchased by North Dakota State Investment Board

North Dakota State Investment Board acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,716 shares of the semiconductor company’s stock, valued at approximately $7,059,000.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. grew its stake in Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after buying an additional 21,798,190 shares in the last quarter. State Street Corp increased its holdings in shares of 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 bought a new position in shares of Marvell Technology in the 2nd quarter worth $2,607,795,000. Bank of New York Mellon Corp increased its holdings in shares of Marvell Technology by 153.3% in 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 during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Marvell Technology during the 2nd quarter valued at $1,742,526,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Trading Up 3.3%

Shares of MRVL opened at $251.65 on Thursday. Marvell Technology, Inc. has a fifty-two week low of $70.68 and a fifty-two week high of $329.88. The firm has a market cap of $220.67 billion, a price-to-earnings ratio of 83.05, a PEG ratio of 6.81 and a beta of 2.26. The firm has a 50 day moving average price of $244.08 and a 200-day moving average price of $181.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm’s quarterly revenue was up 36.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.

Marvell Technology News Summary

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

• Positive Sentiment: Bloomberg, as reported by Reuters, said Marvell is in advanced discussions to buy Lumentum, with an agreement potentially coming as soon as next week. The deal could give Marvell additional optical technology and manufacturing capacity at a time when AI-related demand is outpacing supply. Reuters article
• Positive Sentiment: Lumentum’s manufacturing capacity is reportedly sold out through 2029, highlighting the strategic value of established photonics assets. Investors may view the acquisition as a way for Marvell to capture more of the rapidly expanding AI networking and data-center market. Why Coherent Could Win article
• Positive Sentiment: Longer-term sentiment remains favorable after Marvell said revenue and earnings could grow at a 55%–60% compound annual rate over the next five years. Analysts have also raised forecasts and price targets, while ETF buying and generally positive brokerage ratings provide additional demand signals.
• Neutral Sentiment: The acquisition reports are not yet a completed transaction. Investors will likely focus on the purchase price, financing, regulatory review, and whether Marvell can integrate Lumentum without diluting returns.
• Negative Sentiment: MRVL already trades at a demanding valuation, with a high P/E and PEG ratio. Any concerns that the deal is too expensive—or that AI infrastructure growth expectations are already reflected in the stock—could limit further gains or increase volatility.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MRVL. Weiss Ratings raised shares of Marvell Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Roth Capital reissued a “buy” rating and issued a $350.00 target price on shares of Marvell Technology in a research note on Thursday, August 20th. BMO Capital Markets reissued a “market perform” rating and issued a $325.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. Susquehanna raised their price target on Marvell Technology from $265.00 to $340.00 and gave the company a “positive” rating in a research report on Wednesday, October 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $425.00 price target on shares of Marvell Technology in a research note on Wednesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $327.36.

Insider Buying and Selling

In other news, CAO Justin Scarpulla sold 1,100 shares of Marvell Technology stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $273.59, for a total value of $300,949.00. Following the transaction, the chief accounting officer owned 909 shares in the company, valued at approximately $248,693.31. The trade was a 54.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sandeep Bharathi sold 3,685 shares of Marvell Technology stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $234.97, for a total value of $865,864.45. Following the completion of the transaction, the insider owned 58,748 shares in the company, valued at approximately $13,804,017.56. This represents a 5.90% 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 sold a total of 57,285 shares of company stock valued at $12,837,063 over the last three months. 0.12% of the stock is owned by corporate insiders.

Marvell Technology 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.