SeaCrest Wealth Management LLC Makes New $1.76 Million Investment in Marvell Technology, Inc. $MRVL

SeaCrest Wealth Management LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 6,658 shares of the semiconductor company’s stock, valued at approximately $1,759,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in 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 increased its holdings in 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 buying an additional 18,495,866 shares during the period. Bank of America Corp DE bought a new position in Marvell Technology in the 2nd quarter valued at about $2,607,795,000. Bank of New York Mellon Corp raised its position in shares of Marvell Technology by 153.3% in 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 buying an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Marvell Technology in the 2nd quarter valued at approximately $1,742,526,000. 83.51% of the stock is currently owned by institutional investors.

Insider Transactions at Marvell Technology

In related news, insider Sandeep Bharathi sold 3,685 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $234.97, for a total value of $865,864.45. Following the sale, the insider directly owned 58,748 shares in the company, valued at $13,804,017.56. This represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $262.05, for a total value of $2,620,500.00. Following the completion of the transaction, the chief operating officer directly owned 207,941 shares in the company, valued at approximately $54,490,939.05. This trade represents a 4.59% 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 quarter, insiders have sold 57,285 shares of company stock worth $12,837,063. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

MRVL has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Marvell Technology from $360.00 to $425.00 and gave the stock an “outperform” rating in a report on Wednesday, October 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $270.00 price objective on shares of Marvell Technology in a research note on Wednesday, October 7th. Needham & Company LLC lifted their price objective on shares of Marvell Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Morgan Stanley boosted their price objective on shares of Marvell Technology from $268.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 7th. Finally, Susquehanna upped their target price on Marvell Technology from $265.00 to $340.00 and gave the stock a “positive” rating in a research note on Wednesday, October 7th. Three investment 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 company. According to data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.36.

Key Marvell Technology News

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

• Positive Sentiment: Analysts raised the average price target for Marvell by 11.84% to CHF 267.74, suggesting continued confidence in the company’s growth outlook. Average analyst price target for Marvell Technology increased
• Positive Sentiment: Marvell remains positioned to benefit from AI infrastructure spending through custom silicon, optical connectivity and switching products. Analysts and bullish commentators point to ambitious revenue targets and expanding data-center opportunities as potential long-term catalysts. MRVL Taps Into AI Infrastructure Growth
• Positive Sentiment: Marvell was included among non-Nvidia chip stocks viewed as potential beneficiaries of rising demand for custom AI processors. The company also received approximately $116.4 million of net ETF buying on October 19, indicating institutional demand. Four Non-Nvidia Chip Stocks
• Neutral Sentiment: Marvell previously outperformed the broader market in the latest reported session, while bullish analyses argue that the recent volatility does not undermine the company’s longer-term AI opportunity. Marvell Stock Is Bouncing Back
• Negative Sentiment: A supply warning from a semiconductor equipment maker intensified concerns about bottlenecks and near-term chip demand, triggering a broad technology and AI-related semiconductor sell-off. Marvell, as a data-center-focused chip designer, was among the stocks hit hardest. Chip Stocks Fall as Supply Warning Deepens AI Selloff
• Negative Sentiment: Reports specifically cited supply-chain bottlenecks as an additional pressure on Marvell, reinforcing investor concerns about execution and the timing of AI infrastructure growth. Marvell Feels Supply Chain Bottlenecks Pressure

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $223.47 on Friday. The company has a market cap of $195.96 billion, a price-to-earnings ratio of 73.75, a PEG ratio of 7.30 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. The firm has a 50 day simple moving average of $242.85 and a 200 day simple moving average of $220.72. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88.

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

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Friday, October 9th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s payout ratio is currently 7.92%.

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.