3,380 Shares in Marvell Technology, Inc. $MRVL Bought by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,380 shares of the semiconductor company’s stock, valued at approximately $893,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Marvell Technology by 34.1% in the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after acquiring an additional 21,798,190 shares in the last quarter. State Street Corp lifted its holdings in shares of Marvell Technology by 79.3% during 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 acquiring an additional 18,495,866 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Marvell Technology during the 2nd quarter valued at $2,607,795,000. Bank of New York Mellon Corp lifted its holdings 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 valued at $2,370,604,000 after acquiring an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in Marvell Technology during the 2nd quarter worth $1,742,526,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marvell Technology

In related news, CAO Justin Scarpulla sold 1,100 shares of Marvell Technology 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 completion of the transaction, the chief accounting officer directly owned 909 shares in the company, valued at approximately $248,693.31. This trade represents a 54.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. This represents a 4.20% decrease in their ownership of the stock. 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 a total of 57,285 shares of company stock valued at $12,837,063 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Trading Up 1.8%

NASDAQ MRVL opened at $244.76 on Thursday. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The company has a market capitalization of $214.63 billion, a price-to-earnings ratio of 80.78, a price-to-earnings-growth ratio of 7.17 and a beta of 2.26. The company’s fifty day moving average price is $242.82 and its two-hundred day moving average price is $219.90.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, research analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently declared 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. 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 dividend payout ratio (DPR) is presently 7.92%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MRVL. JPMorgan Chase & Co. increased their price target on Marvell Technology from $305.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Erste Group Bank cut Marvell Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. 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. Seaport Research Partners assumed coverage on Marvell Technology in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $270.00 target price for the company. Finally, Jefferies Financial Group increased their target price on Marvell Technology from $325.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $327.36.

More Marvell Technology News

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

• Positive Sentiment: AI growth opportunities support the bullish case. Analysts and financial commentators highlighted Marvell’s custom AI-chip and data-center connectivity businesses, as well as ambitious revenue targets. Marvell is viewed as a potential beneficiary of AI spending shifting beyond GPUs toward custom accelerators and networking infrastructure. Marvell Stock Is Bouncing Back. 3 Reasons the Bulls Aren’t Backing Down
• Positive Sentiment: New products and customer commitments improve the long-term outlook. The company recently unveiled memory-expansion and 3-nanometer connectivity chips at the OCP summit. Separate coverage pointed to Marvell’s reported six-year, $120 billion agreement with Alphabet as evidence of stronger revenue visibility and accelerating AI-infrastructure demand. Some projections suggest the stock could more than triple by fiscal 2031, though that is a highly speculative scenario. If I Could Only Buy 1 Artificial Intelligence Semiconductor Stock to Buy Before 2027
• Positive Sentiment: Recent trading and fund flows were supportive. Marvell outperformed the broader market in the latest sessions, while one report estimated $116.4 million of net ETF purchases on October 19. Media coverage also identified MRVL as a leading non-Nvidia way to participate in custom AI-chip growth. Marvell Sees $116.4 Million in Net ETF Buying
• Neutral Sentiment: The upcoming dividend provides modest shareholder income. Marvell’s final scheduled dividend of the year is expected late next week, but the payment is unlikely to be a major stock-price catalyst for a company primarily valued on growth.
• Negative Sentiment: Valuation and market risks remain significant. Marvell’s high earnings multiple leaves the stock sensitive to interest rates, inflation data and any disappointment in AI spending or financing. The broader chip-sector sell-off recently pushed MRVL sharply lower, while Goldman data showed hedge funds reducing technology and semiconductor exposure at an unusually rapid pace. Hedge Funds Dumped Tech Stocks at the Fastest Pace in a Decade
• Negative Sentiment: Insider selling adds a minor cautionary signal. Marvell’s CEO sold 7,500 shares in a preplanned transaction, which does not necessarily indicate a change in business outlook but may weigh slightly on sentiment.

Marvell Technology Company Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

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