Legal & General Group Plc Buys Shares of 5,849,563 Marvell Technology, Inc. $MRVL

Legal & General Group Plc bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,849,563 shares of the semiconductor company’s stock, valued at approximately $1,742,526,000. Legal & General Group Plc owned approximately 0.67% of Marvell Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in Marvell Technology during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC boosted its stake in Marvell Technology by 978.3% in the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 225 shares in the last quarter. Jessup Wealth Management Inc purchased a new position in Marvell Technology in the fourth quarter worth $25,000. Cherry Tree Wealth Management LLC purchased a new position in Marvell Technology in the fourth quarter worth $26,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Marvell Technology during the second quarter worth $27,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MRVL has been the subject of several analyst reports. Loop Capital upgraded Marvell Technology to a “strong-buy” rating in a report on Tuesday, June 16th. William Blair restated an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. Citigroup upped 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. Needham & Company LLC increased their price target on Marvell Technology from $118.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Morgan Stanley raised their price target on Marvell Technology from $195.00 to $224.00 and gave the stock an “equal weight” rating in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued 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 $255.55.

Key Marvell Technology News

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

• Positive Sentiment: Google agreement strengthens the AI investment case. Marvell’s expanded commercial relationship with Google involves custom AI silicon, while a warrant gives Google the right to purchase up to 58.97 million MRVL shares at $206.58 each, potentially providing as much as $12.2 billion in capital and reinforcing expectations for substantial future demand. Marvell Earnings Are Coming. Google Agreement Likely to Be Biggest Talking Point.
• Positive Sentiment: Analysts remain constructive. Wells Fargo raised its price target to $310, and JPMorgan identified Marvell as a top semiconductor pick, citing demand for custom AI chips, optical connectivity and data-center networking. The company’s latest reported quarter showed revenue growth of 27.6% year over year to $2.42 billion, with quarterly EPS of $0.80. Marvell Technology has nearly tripled in 2026. Wells Fargo says there are more gains ahead
• Neutral Sentiment: Thursday’s earnings are the immediate catalyst. Investors want details on Google-related revenue potential, custom-ASIC demand, margins and forward guidance. Options activity indicates traders expect an unusually large post-earnings move, increasing near-term volatility. Here’s How Much Traders Expect Marvell Stock to Move After Earnings
• Negative Sentiment: Valuation has made the stock vulnerable to profit-taking. After a roughly 170% year-to-date rally, MRVL trades at a high earnings multiple, leaving investors demanding strong results and an upbeat outlook to justify the premium. The recent pullback reflects “sell the news” behavior following the Google announcement and caution before earnings.
• Negative Sentiment: Broader semiconductor weakness added pressure. The sector was lower, while concerns remain about competition from Broadcom, execution risk in custom AI chips and potential share dilution from Google’s warrant. These risks are especially important because expectations for Marvell’s AI growth are already high. Marvell Falls Ahead of August 27 Earnings

Marvell Technology Price Performance

Shares of MRVL opened at $229.29 on Tuesday. The business’s 50-day moving average is $232.14 and its two-hundred day moving average is $172.77. The company has a market capitalization of $200.58 billion, a P/E ratio of 78.52, a P/E/G ratio of 1.48 and a beta of 2.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. Marvell Technology, Inc. has a fifty-two week low of $61.44 and a fifty-two week high of $329.88.

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

Marvell Technology Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology’s dividend payout ratio is currently 8.22%.

Insider Buying and Selling

In related news, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the sale, the chief executive officer owned 783,186 shares in the company, valued at approximately $184,894,550.88. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the transaction, the chief operating officer owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. This trade represents a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 41,981 shares of company stock worth $9,753,132. 0.12% of the stock is currently owned by company insiders.

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.