238,801 Shares in Marvell Technology, Inc. $MRVL Bought by Glenview Trust Co

Glenview Trust Co purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 238,801 shares of the semiconductor company’s stock, valued at approximately $71,136,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC bought a new stake in shares of Marvell Technology in the 2nd quarter worth about $39,932,000. United Capital Financial Advisors LLC bought a new position in shares of Marvell Technology in the 2nd quarter valued at about $5,198,000. Camarda Financial Advisors LLC purchased a new position in Marvell Technology in the second quarter worth about $3,478,000. Grandeur Peak Global Advisors LLC purchased a new position in Marvell Technology in the second quarter worth about $1,082,000. Finally, Bank OZK bought a new stake in Marvell Technology during the second quarter worth approximately $11,227,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi sold 2,231 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the transaction, the insider owned 55,530 shares of the company’s stock, valued at approximately $16,610,688.90. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a document filed 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, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the completion of the sale, the chief executive officer directly owned 783,186 shares of the company’s stock, valued at $184,894,550.88. The trade was a 0.95% 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 have sold 41,981 shares of company stock valued at $9,753,132 in the last 90 days. Insiders own 0.12% of the company’s stock.

Key Marvell Technology News

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

• Positive Sentiment: Marvell reported adjusted earnings of $0.94 per share, ahead of the approximately $0.92–$0.93 consensus, while revenue reached about $2.74 billion, slightly above estimates. Revenue increased 37% year over year, supported by strong demand for AI infrastructure. Marvell Technology Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Data-center revenue reportedly jumped 46%, highlighting accelerating demand for Marvell’s custom silicon and optical networking products used in AI data centers. The company also raised its full-year and next-year revenue outlooks, reinforcing the long-term AI growth story. Marvell Sees Accelerating Growth as AI Demand Boosts Second-Quarter Profit and Revenue
• Positive Sentiment: Third-quarter fiscal 2027 guidance calls for adjusted EPS of $1.05–$1.15, above the $1.03 consensus, and revenue of $3.0–$3.3 billion. The forecast indicates continued sequential growth in AI-related demand. Marvell Technology Forecasts Quarterly Revenue Above Estimates
• Neutral Sentiment: Investors were focused on visibility into Marvell’s recently announced multibillion-dollar custom-chip agreement with Google, including the timing of revenue contribution and the impact of related warrants. The earnings release did not appear to provide a sufficiently large near-term surprise to reset expectations.
• Negative Sentiment: The earnings beats were narrow, and management’s forecast provided limited upside relative to elevated Wall Street expectations. With MRVL priced for exceptional AI growth, traders treated the results as “good, but not good enough,” prompting a post-earnings selloff. Marvell Is Boosting Its Forecasts, but That’s Not Enough to Lift Its Stock

Analyst Ratings Changes

MRVL has been the topic of a number of analyst reports. Oppenheimer boosted their price objective on shares of Marvell Technology from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Erste Group Bank downgraded Marvell Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Raymond James Financial reiterated a “strong-buy” rating on shares of Marvell Technology in a research report on Wednesday, August 19th. HC Wainwright reissued a “buy” rating on shares of Marvell Technology in a research note on Tuesday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $360.00 price target on shares of Marvell Technology in a research note on Thursday, August 20th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus price target of $259.09.

Marvell Technology Trading Down 1.5%

MRVL opened at $241.45 on Friday. The stock’s fifty day moving average is $229.10 and its two-hundred day moving average is $176.28. The company has a market capitalization of $211.22 billion, a P/E ratio of 82.69, a PEG ratio of 1.53 and a beta of 2.24. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results 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. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts forecast that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio is 8.22%.

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.