Coyle Financial Counsel LLC Buys 2,634 Shares of Marvell Technology, Inc. $MRVL

Coyle Financial Counsel LLC purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,634 shares of the semiconductor company’s stock, valued at approximately $696,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MRVL. BlackRock Inc. grew its stake in Marvell Technology by 34.1% during the second 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 Marvell Technology by 79.3% in the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after buying an additional 18,495,866 shares during the period. Bank of America Corp DE acquired a new position in shares of Marvell Technology in the 2nd quarter valued at approximately $2,607,795,000. Bank of New York Mellon Corp raised its position 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 valued at $2,370,604,000 after buying an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Marvell Technology in the 2nd quarter valued at approximately $1,742,526,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In other news, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $235.47, for a total transaction of $1,766,025.00. Following the completion of the transaction, the chief executive officer directly owned 768,186 shares in the company, valued at approximately $180,884,757.42. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, insider Sandeep Bharathi sold 3,685 shares of the stock in a transaction on Friday, October 16th. The shares were 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 of the company’s stock, valued at $13,804,017.56. The trade was a 5.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 three months, insiders have sold 57,285 shares of company stock worth $12,837,063. Corporate insiders own 0.12% of the company’s stock.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Strategic rationale for Lumentum: Marvell is reportedly in advanced talks to acquire optical-components maker Lumentum (NASDAQ: LITE). The deal could give Marvell direct access to scarce indium phosphide laser manufacturing capacity, strengthen its optical networking business, and improve its position in the fast-growing co-packaged optics market. Both companies also have strategic relationships with NVIDIA. Reuters article on Marvell’s Lumentum talks
• Positive Sentiment: Long-term AI growth remains intact: Marvell’s custom silicon, networking, and optical-interconnect businesses are positioned to benefit from continued hyperscaler and AI data-center investment. Recent coverage highlights management’s ambitious fiscal 2028 revenue target and a potential path toward substantially higher earnings by 2030. Analysts also expect double-digit bottom-line growth in the upcoming quarter. Marvell earnings preview
• Neutral Sentiment: Investors are awaiting earnings: Marvell is scheduled to report its fiscal third-quarter results soon. The report and management’s outlook could clarify demand trends, hyperscaler spending, and whether the company’s AI growth targets justify its elevated valuation. Earnings report preview
• Negative Sentiment: Potential deal dilution and valuation risk: Lumentum’s market value has surged to roughly $83 billion, and reports indicate a potential all-stock transaction. Investors fear Marvell could issue a substantial amount of shares, dilute existing ownership, and overpay for a company with comparatively modest current operating income. The market’s negative reaction reflects uncertainty over whether the acquisition would be earnings-accretive. TheStreet analysis of the proposed deal
• Negative Sentiment: Sector-wide AI spending concerns: Weakness across Broadcom, Qualcomm, Arm, Lumentum, Coherent, and other optics suppliers suggests investors are reassessing the pace and returns of hyperscaler AI infrastructure spending. These concerns are adding pressure to MRVL beyond the company-specific acquisition rumors. AI optics sector selloff article

Marvell Technology Stock Down 10.0%

MRVL stock opened at $196.40 on Friday. The firm has a 50-day moving average price of $242.61 and a 200-day moving average price of $182.37. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $172.22 billion, a P/E ratio of 64.82, a price-to-earnings-growth ratio of 5.85 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (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 revenue was up 36.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders 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 yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MRVL shares. Susquehanna upped their price target on shares of Marvell Technology from $265.00 to $340.00 and gave the stock a “positive” rating in a report on Wednesday, October 7th. Wolfe Research lifted their price objective on shares of Marvell Technology from $280.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, October 7th. Benchmark restated a “buy” rating on shares of Marvell Technology in a research report on Monday, August 24th. TD Cowen upgraded Marvell Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $245.00 to $350.00 in a research note on Wednesday, October 7th. Finally, Erste Group Bank downgraded Marvell Technology from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average price target of $327.36.

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.