Keybank National Association OH Purchases 20,918 Shares of Marvell Technology, Inc. $MRVL

Keybank National Association OH acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, HoldingsChannel.com reports. The firm acquired 20,918 shares of the semiconductor company’s stock, valued at approximately $5,527,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Coyle Financial Counsel LLC acquired a new position in Marvell Technology in the 3rd quarter valued at $696,000. Birch Hill Investment Advisors LLC bought a new position in Marvell Technology during the 3rd quarter worth $848,000. Merit Financial Group LLC increased its position in Marvell Technology by 22.9% during the 2nd quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company’s stock worth $8,067,000 after buying an additional 5,047 shares during the period. Swiss National Bank lifted its holdings in shares of Marvell Technology by 5.4% during the first quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company’s stock worth $246,536,000 after buying an additional 126,600 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Marvell Technology during the third quarter worth $24,014,000. 83.51% of the stock is owned by institutional investors.

Top Marvell Technology Stories

Investors following MRVL have been watching these stories:

• Positive Sentiment: Marvell’s three new independent directors add experience in technology, finance, talent strategy, and global business operations. The appointments expand the board from seven to ten members as the company prepares for its proposed optical-networking deal. Marvell Appoints Three New Independent Directors to its Board
• Neutral Sentiment: Marvell rallied in the prior session alongside a broader AI and semiconductor rebound, with renewed focus on its AI connectivity and optical-networking strategy. That bounce followed a sharp sell-off and does not resolve concerns over the proposed Lumentum transaction. Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus
• Negative Sentiment: Reports of NVIDIA CEO Jensen Huang’s possible departure have unsettled chip investors, weighing on Marvell and other semiconductor and optics names. Although supplier diversification could eventually benefit alternatives, leadership uncertainty and possible tighter chip-export rules are broader sector risks. Intel and Marvell Slip. Why Huang’s Potential Exit Is Causing Chip-Stock Nerves

Insider Buying and Selling

In related news, insider Sandeep Bharathi sold 3,685 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the completion of the sale, the insider owned 58,748 shares of the company’s stock, valued at $13,804,017.56. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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, CAO Justin Scarpulla sold 1,100 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the sale, 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 SEC filing for this sale provides additional information. Insiders sold 57,285 shares of company stock worth $12,901,763 in the last ninety days. 0.12% of the stock is owned by company insiders.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $164.45 on Friday. The stock has a market capitalization of $144.21 billion, a PE ratio of 54.27, a P/E/G ratio of 5.04 and a beta of 2.32. 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 business has a fifty day moving average price of $230.25 and a two-hundred day moving average price of $185.80. Marvell Technology, Inc. has a fifty-two week low of $70.68 and a fifty-two week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last released its earnings results 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 firm 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%. The company’s revenue was up 36.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s payout ratio is 7.92%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MRVL. Royal Bank Of Canada reduced their target price on shares of Marvell Technology from $425.00 to $250.00 and set an “outperform” rating for the company in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. raised their price target on shares of Marvell Technology from $305.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 price target on shares of Marvell Technology in a research report on Friday, October 30th. Needham & Company LLC dropped their price objective on shares of Marvell Technology from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. Finally, Arete Research raised shares of Marvell Technology to a “strong-buy” rating in a report on Friday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $300.09.

About Marvell Technology

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.