3,950 Shares in Marvell Technology, Inc. $MRVL Bought by Courier Capital LLC

Courier Capital LLC acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,950 shares of the semiconductor company’s stock, valued at approximately $1,044,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. raised its position 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 grew its position in shares of Marvell Technology by 79.3% during the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after buying an additional 18,495,866 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Marvell Technology during the second quarter worth approximately $2,607,795,000. Bank of New York Mellon Corp grew its position in shares of Marvell Technology by 153.3% during the second 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 in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Marvell Technology in the second quarter worth $1,742,526,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on MRVL. Piper Sandler upped their price target on shares of Marvell Technology from $270.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Roth Capital reissued a “buy” rating and set a $350.00 price objective on shares of Marvell Technology in a report on Thursday, August 20th. Oppenheimer reissued an “outperform” rating and set a $425.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Susquehanna boosted their target price on shares of Marvell Technology from $265.00 to $340.00 and gave the stock a “positive” rating in a research report on Wednesday, October 7th. Finally, DA Davidson set a $225.00 target price on shares of Marvell Technology in a research note on Tuesday, August 18th. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $320.82.

Insider Activity

In related news, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $273.59, for a total transaction of $300,949.00. Following the sale, the chief accounting officer owned 909 shares in the company, valued at $248,693.31. This represents a 54.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Chris Koopmans sold 10,000 shares of the firm’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 directly owned 227,941 shares in the company, valued at $41,143,350.50. This represents a 4.20% decrease in their position. 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. In the last three months, insiders sold 46,100 shares of company stock valued at $10,205,174. Company insiders own 0.12% of the company’s stock.

Marvell Technology Stock Performance

MRVL traded up $2.87 during trading hours on Tuesday, hitting $268.73. 18,343,685 shares of the stock were exchanged, compared to its average volume of 27,563,473. The stock has a 50-day simple moving average of $238.65 and a 200-day simple moving average of $212.76. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The stock has a market cap of $235.65 billion, a price-to-earnings ratio of 88.69, a price-to-earnings-growth ratio of 8.21 and a beta of 2.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping 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 firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The firm’s revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s payout ratio is 7.92%.

More Marvell Technology News

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

• Positive Sentiment: Majorly higher long-term outlook: Marvell raised its fiscal 2028 revenue target to $20 billion, including $18 billion from data-center operations. Management expects AI connectivity, optics and custom silicon to drive growth, while targeting 44%–46% operating margins by fiscal 2031 and free-cash-flow margins above 36%. Marvell: A Strong Buy With a $90 Billion Opportunity
• Positive Sentiment: AI product momentum: Marvell introduced its second-generation Structera X CXL 3.2 memory expanders, designed to increase memory capacity and performance for AI inference systems. It also launched a 3.2T protocol-aware retimer and a second-generation 1.6T active electrical-cable DSP, addressing rising bandwidth requirements in AI clusters. Marvell Unveils Second-generation Structera X
• Positive Sentiment: Potential hyperscaler upside: Microsoft’s Maia 300 AI-chip program could support future Marvell custom-silicon and networking demand. A new collaboration with Microsoft and Oracle to standardize data-center hardware security also strengthens Marvell’s position with cloud customers. Marvell Stock Is on a Bad Run but Microsoft’s New AI Chips Can Revive It
• Neutral Sentiment: Analyst support: Several recent reports characterize MRVL as a leading AI-infrastructure opportunity, and Wall Street upgrades cite its networking, security and custom-chip exposure. The bullish case centers on a potential $90 billion opportunity, but much of that upside depends on execution and future customer ramps. Wall Street Upgrades AI Stocks
• Negative Sentiment: Valuation and profit-taking risks: MRVL has risen more than 200% in 2026 and trades at a high earnings multiple, prompting questions about whether future growth is already priced in. Shares recently weakened despite new product launches as investors reduced exposure across AI-chip stocks. Marvell Is Up 214% in 2026
• Negative Sentiment: Sector pressure and insider selling: Broader weakness in Nvidia, Broadcom and other AI semiconductors has weighed on MRVL, while a recent sale of approximately $301,000 in stock by Marvell’s chief accounting officer adds a minor sentiment headwind. Why AI Chip Stocks Extended Losses

Marvell Technology Profile

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.