5,308 Marvell Technology, Inc. $MRVL Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 671,992 shares of the semiconductor company’s stock after selling 5,308 shares during the quarter. Fifth Third Bancorp’s holdings in Marvell Technology were worth $177,547,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. acquired a new stake in shares of Marvell Technology during the 2nd quarter valued at $27,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Marvell Technology during the 3rd quarter valued at $25,000. Aberdeen Wealth Management LLC acquired a new position in shares of Marvell Technology in the second quarter worth $30,000. Sawyer & Company Inc acquired a new position in shares of Marvell Technology in the third quarter worth $26,000. Finally, Sunrise Financial Services LLC acquired a new position in shares of Marvell Technology in the third quarter worth $26,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Key Marvell Technology News

Here’s some of the latest news about MRVL:

• Neutral Sentiment: The rebound may be a recovery from a sharp selloff rather than confirmation of a lasting trend change. Recent strength in data-center demand supports the AI-growth case, but there was no single new company-specific catalyst reported. Article: Marvell Technology stock is rising: Is this a dead cat bounce or a real recovery?
• Negative Sentiment: The $115 billion all-stock Lumentum deal remains a substantial execution and valuation risk. A report citing merger specialists put the odds of closing at roughly 50%, while other coverage noted that Marvell’s valuation already assumes significant future growth. Article: Marvell’s $115 Billion Lumentum Deal Faces 50-50 Odds
• Negative Sentiment: Quiver reported that Marvell insiders made no open-market purchases and recorded 17 sales over the past six months. This may weigh on sentiment, although insider sales alone do not establish a negative outlook. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus

Marvell Technology Stock Performance

MRVL stock opened at $168.80 on Thursday. The firm has a 50 day moving average of $231.09 and a two-hundred day moving average of $185.39. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The company has a market capitalization of $148.02 billion, a price-to-earnings ratio of 55.71, a P/E/G ratio of 4.61 and a beta of 2.32. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share 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 the consensus estimate of $2.72 billion. During the same quarter last year, the firm earned $0.67 EPS. Marvell Technology’s revenue for the quarter was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s dividend payout ratio is presently 7.92%.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total value 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 $173,280,495.54. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company’s 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 sale, the chief accounting officer owned 909 shares of the company’s stock, valued at approximately $248,693.31. This trade represents a 54.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 57,285 shares of company stock valued at $12,901,763. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $270.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Seaport Research Partners assumed coverage on Marvell Technology in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $270.00 target price on the stock. Oppenheimer restated an “outperform” rating and issued a $425.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. Roth Capital reaffirmed a “buy” rating and issued a $350.00 target price on shares of Marvell Technology in a research report on Thursday, August 20th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marvell Technology in a research note on Thursday, October 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $300.09.

About Marvell Technology

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.