Lebenthal Global Advisors LLC Acquires New Shares in Marvell Technology, Inc. $MRVL

Lebenthal Global Advisors LLC acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,766 shares of the semiconductor company’s stock, valued at approximately $4,166,000.

A number of other institutional investors also recently bought and sold shares of MRVL. Canopy Partners LLC acquired a new position in shares of Marvell Technology during the 3rd quarter worth approximately $444,000. Cranbrook Wealth Management LLC acquired a new position in shares of Marvell Technology in the 3rd quarter valued at $867,000. CHICAGO TRUST Co NA purchased a new stake in Marvell Technology during the third quarter valued at about $241,000. Rubicon Global Capital Ltd purchased a new position in Marvell Technology in the third quarter valued at approximately $4,359,000. Finally, Glenview Trust Co acquired a new position in Marvell Technology during the third quarter valued at approximately $62,212,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $196.40 on Friday. The firm has a market cap of $172.22 billion, a PE ratio of 64.82, a price-to-earnings-growth ratio of 6.51 and a beta of 2.26. The firm’s 50-day simple moving average is $242.61 and its 200-day simple moving average is $182.37. 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 1 year low of $70.68 and a 1 year high of $329.88.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. The business 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 quarterly revenue was up 36.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were issued a $0.06 dividend. The ex-dividend date of this dividend was 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%.

Insider Buying and Selling

In related news, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $248,693.31. This represents a 54.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 owned 227,941 shares in the company, valued at approximately $41,143,350.50. This represents a 4.20% 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 owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BMO Capital Markets restated a “market perform” rating and set a $325.00 price objective on shares of Marvell Technology in a research note on Wednesday, October 7th. UBS Group increased their target price on Marvell Technology from $335.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Roth Capital reiterated a “buy” rating and set a $350.00 target price on shares of Marvell Technology in a report on Thursday, August 20th. DA Davidson set a $225.00 price target on Marvell Technology in a research report on Tuesday, August 18th. Finally, Royal Bank Of Canada upped their price target on Marvell Technology from $360.00 to $425.00 and gave the stock an “outperform” rating in a report on Wednesday, October 7th. Three 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 has an average rating of “Moderate Buy” and a consensus target price of $327.36.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Strategic rationale for Lumentum: Marvell is reportedly in advanced talks to acquire optical-components maker Lumentum (NASDAQ: LITE). The deal could give Marvell direct access to scarce indium phosphide laser manufacturing capacity, strengthen its optical networking business, and improve its position in the fast-growing co-packaged optics market. Both companies also have strategic relationships with NVIDIA. Reuters article on Marvell’s Lumentum talks
• Positive Sentiment: Long-term AI growth remains intact: Marvell’s custom silicon, networking, and optical-interconnect businesses are positioned to benefit from continued hyperscaler and AI data-center investment. Recent coverage highlights management’s ambitious fiscal 2028 revenue target and a potential path toward substantially higher earnings by 2030. Analysts also expect double-digit bottom-line growth in the upcoming quarter. Marvell earnings preview
• Neutral Sentiment: Investors are awaiting earnings: Marvell is scheduled to report its fiscal third-quarter results soon. The report and management’s outlook could clarify demand trends, hyperscaler spending, and whether the company’s AI growth targets justify its elevated valuation. Earnings report preview
• Negative Sentiment: Potential deal dilution and valuation risk: Lumentum’s market value has surged to roughly $83 billion, and reports indicate a potential all-stock transaction. Investors fear Marvell could issue a substantial amount of shares, dilute existing ownership, and overpay for a company with comparatively modest current operating income. The market’s negative reaction reflects uncertainty over whether the acquisition would be earnings-accretive. TheStreet analysis of the proposed deal
• Negative Sentiment: Sector-wide AI spending concerns: Weakness across Broadcom, Qualcomm, Arm, Lumentum, Coherent, and other optics suppliers suggests investors are reassessing the pace and returns of hyperscaler AI infrastructure spending. These concerns are adding pressure to MRVL beyond the company-specific acquisition rumors. AI optics sector selloff article

About Marvell Technology

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.