New Mexico Educational Retirement Board Buys New Shares in Marvell Technology, Inc. $MRVL

New Mexico Educational Retirement Board purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 43,600 shares of the semiconductor company’s stock, valued at approximately $11,520,000.

Several other institutional investors also recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. acquired a new stake in Marvell Technology during the 2nd quarter worth approximately $27,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Marvell Technology in the third quarter valued at $25,000. Aberdeen Wealth Management LLC acquired a new position in shares of Marvell Technology in the second quarter worth about $30,000. Sawyer & Company Inc purchased a new position in shares of Marvell Technology during the 3rd quarter valued at approximately $26,000. Finally, Sunrise Financial Services LLC bought a new position in Marvell Technology during the 3rd quarter valued at $26,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marvell Technology

In other news, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were 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 $248,693.31. This trade represents a 54.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total value of $1,675,425.00. Following the sale, the chief executive officer directly owned 775,686 shares in the company, valued at approximately $173,280,495.54. The trade was a 0.96% 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. Insiders sold a total of 57,285 shares of company stock worth $12,901,763 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Stock Performance

MRVL opened at $168.80 on Thursday. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $231.09 and its 200-day moving average is $185.39. The stock has a market cap of $148.02 billion, a PE ratio of 55.71, a price-to-earnings-growth ratio of 4.61 and a beta of 2.32. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate 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 return on equity of 13.57% and a net margin of 27.93%. The firm’s revenue was up 36.5% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Key Headlines Impacting Marvell Technology

These are some of the MRVL headlines that stood out recently:

• Positive Sentiment: A broad rebound in AI-linked stocks provided the main near-term lift, with investors buying the dip after last week’s sector weakness. Marvell’s exposure to data-center chips and optical connectivity added to the appeal. Article: What’s Going On With Marvell Technology Stock Wednesday?
• Positive Sentiment: The proposed Lumentum acquisition could combine Marvell’s silicon capabilities with optical technology for AI data centers. Marvell has touted stronger long-term growth and more than $1 billion in annual run-rate cost synergies. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus
• Neutral Sentiment: The rebound may be a recovery from a sharp selloff rather than confirmation of a lasting trend change. Recent strength in data-center demand supports the AI-growth case, but there was no single new company-specific catalyst reported. Article: Marvell Technology stock is rising: Is this a dead cat bounce or a real recovery?

Wall Street Analyst Weigh In

Several brokerages have issued reports on MRVL. Wells Fargo & Company cut their price objective on Marvell Technology from $365.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 3rd. Erste Group Bank lowered Marvell Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Stifel Nicolaus lifted their target price on Marvell Technology from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Jefferies Financial Group boosted their price target on Marvell Technology from $325.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Finally, B. Riley Financial dropped their price target on Marvell Technology from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.09.

Marvell Technology Profile

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.