8,554 Shares in Marvell Technology, Inc. $MRVL Purchased by PCM Encore LLC

PCM Encore LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,554 shares of the semiconductor company’s stock, valued at approximately $2,548,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of 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 purchasing an additional 21,798,190 shares during the period. State Street Corp raised its stake in Marvell Technology by 7.9% during the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock worth $1,940,503,000 after acquiring an additional 1,677,724 shares during the period. Geode Capital Management LLC lifted its holdings in Marvell Technology by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock worth $1,025,185,000 after acquiring an additional 97,624 shares during the last quarter. Norges Bank bought a new position in Marvell Technology in the fourth quarter worth about $895,455,000. Finally, Van ECK Associates Corp grew its holdings in shares of Marvell Technology by 11.4% during the fourth quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock valued at $838,286,000 after purchasing an additional 1,007,315 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the completion of the transaction, the insider directly owned 55,530 shares of the company’s stock, valued at approximately $16,610,688.90. This trade represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the transaction, the chief operating officer owned 227,941 shares in the company, valued at approximately $41,143,350.50. This trade represents a 4.20% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have sold 41,981 shares of company stock valued at $9,753,132. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Stock Performance

Shares of MRVL opened at $237.04 on Friday. The firm has a market capitalization of $207.36 billion, a PE ratio of 81.18, a P/E/G ratio of 1.57 and a beta of 2.24. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $233.73 and a 200 day moving average price of $171.04. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. Marvell Technology’s revenue was up 27.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, sell-side analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology’s dividend payout ratio is 8.22%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. KeyCorp boosted their price objective on Marvell Technology from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Melius Research set a $220.00 price target on shares of Marvell Technology in a report on Monday, May 18th. TD Cowen reaffirmed a “hold” rating and issued a $225.00 price objective (up from $200.00) on shares of Marvell Technology in a report on Tuesday. Evercore reiterated an “outperform” rating and issued a $155.00 price objective on shares of Marvell Technology in a research report on Tuesday, May 19th. Finally, Morgan Stanley boosted their target price on shares of Marvell Technology from $172.00 to $195.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $253.61.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell’s expanded agreement with Alphabet’s Google covers custom silicon tied to Google’s Tensor Processing Unit ecosystem, including inference accelerators, storage and networking products, and memory controllers. Analysts view the deal as a major validation of Marvell’s AI infrastructure strategy and a potential long-term growth catalyst. Marvell Constructs an AI Moat With Alphabet Warrants
• Positive Sentiment: The agreement could generate as much as $120 billion in cumulative Google-related chip purchases through fiscal 2033 if all milestones are reached. JPMorgan, Wedbush, Stifel, William Blair and RBC remain constructive, with RBC reaffirming an Outperform rating and a $360 price target. Marvell’s Google AI Deal Could Unlock a $120 Billion Opportunity
• Neutral Sentiment: Investor attention is shifting to Marvell’s August 27 earnings report. The options market implies a potentially large post-earnings move, while analysts expect continued data-center momentum and possible upside to guidance. Marvell Stock Could Swing More Than 12% on Earnings
• Negative Sentiment: The primary pressure is potential dilution. Marvell granted Google warrants for approximately 58.97 million shares—roughly 6% to 7% of shares outstanding—with most warrants vesting in tranches tied to Google purchases. Although the structure links dilution to future revenue, investors are focusing on the near-term increase in share count and uncertainty over whether the full $120 billion opportunity will materialize. Google’s Marvell Warrant Does Not Fully Vest Until Google Buys $120 Billion of Chips
• Negative Sentiment: Valuation concerns have intensified after Marvell’s sharp rally. With a high earnings multiple, the stock needs strong execution and raised guidance to justify expectations. Competition with Broadcom and other potential Google silicon suppliers also makes the revenue outlook less certain. Marvell Stock Forecast: Valuation Concerns Persist Ahead of Earnings

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.