3,700 Shares in Marvell Technology, Inc. $MRVL Bought by REX Advisers LLC

REX Advisers LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,700 shares of the semiconductor company’s stock, valued at approximately $974,000. Marvell Technology makes up 4.3% of REX Advisers LLC’s portfolio, making the stock its 4th largest position.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after purchasing an additional 21,798,190 shares in the last quarter. State Street Corp increased its stake 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 valued at $12,462,011,000 after purchasing an additional 18,495,866 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Marvell Technology during the 2nd quarter worth $2,607,795,000. Bank of New York Mellon Corp lifted its position in shares of Marvell Technology by 153.3% during 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 bought a new stake in shares of Marvell Technology during the 2nd quarter worth $1,742,526,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction 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 approximately $173,280,495.54. This represents a 0.96% decrease in their position. The transaction 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. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. The trade was a 4.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 45,000 shares of company stock valued at $9,904,225 over the last 90 days. 0.12% of the stock is owned by corporate insiders.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell’s Investor Day remains the primary bullish catalyst. Management raised its fiscal 2028 revenue outlook to approximately $20 billion from $18 billion and established a fiscal 2031 revenue target of $70 billion to $90 billion, implying annual growth of at least 54%. The company expects custom AI chips and data-center connectivity to drive much of that expansion. Marvell Technology Lifts 2031 Revenue Goal
• Positive Sentiment: Wall Street analysts responded by raising price targets, including JPMorgan to $360, Needham to $400, Bank of America to $400 and RBC to $425. The revisions reflect expectations that accelerating AI infrastructure spending could materially expand Marvell’s earnings power. Analysts Raise Marvell Price Targets
• Positive Sentiment: Marvell will showcase open AI infrastructure solutions at the OCP Global Summit, reinforcing its positioning in networking, custom silicon and data-center connectivity. Marvell to Showcase Open AI Infrastructure Solutions
• Neutral Sentiment: Recent coverage highlights strong long-term potential, but much of the upside depends on hyperscaler AI spending continuing at an exceptional pace and Marvell successfully executing its ambitious forecasts.
• Negative Sentiment: Some analysts downgraded the stock or warned that the “easy money” may be over. With MRVL trading at a high earnings multiple after rising more than 200% this year, investors may be taking profits and demanding evidence that the long-term targets are achievable. Marvell The Easy Money Is Already Over
• Negative Sentiment: Higher Treasury yields and oil prices have pressured richly valued technology and AI stocks, contributing to near-term weakness across the semiconductor group. What’s Going On With Marvell Technology Stock Thursday

Analysts Set New Price Targets

MRVL has been the topic of a number of recent analyst reports. B. Riley Financial decreased their target price on Marvell Technology from $345.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday, August 28th. Seaport Research Partners initiated coverage on shares of Marvell Technology in a research report on Tuesday, September 22nd. They set a “buy” rating and a $270.00 price objective for the company. Barclays restated an “overweight” rating on shares of Marvell Technology in a research report on Thursday, August 20th. Citigroup raised their price objective on Marvell Technology from $225.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 21st. Finally, Jefferies Financial Group boosted their price objective on Marvell Technology from $325.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday. Two investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $320.82.

Marvell Technology Trading Down 3.5%

Shares of NASDAQ:MRVL traded down $10.02 during mid-day trading on Thursday, reaching $274.66. 29,094,917 shares of the company’s stock were exchanged, compared to its average volume of 27,719,201. 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, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88. The firm has a market capitalization of $240.85 billion, a price-to-earnings ratio of 90.65, a PEG ratio of 2.77 and a beta of 2.26. The business’s fifty day moving average price is $233.63 and its 200-day moving average price is $208.92.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data 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. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.Marvell Technology’s quarterly revenue was up 36.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, research analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal 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 given 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 is Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.