2,392 Shares of Marvell Technology, Inc. $MRVL Bought by ProCore Advisors LLC

ProCore Advisors LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,392 shares of the semiconductor company’s stock, valued at approximately $632,000.

Several other large investors also recently made changes to their positions in MRVL. Ulland Investment Advisors LLC bought a new stake in shares of Marvell Technology in the 3rd quarter worth approximately $1,968,000. Signal Advisors Wealth LLC acquired a new stake in Marvell Technology during the third quarter valued at approximately $1,268,000. Foster Group Inc. bought a new stake in Marvell Technology during the third quarter worth approximately $497,000. Krilogy Financial LLC boosted its holdings in Marvell Technology by 2.2% during the third quarter. Krilogy Financial LLC now owns 36,315 shares of the semiconductor company’s stock worth $9,655,000 after buying an additional 799 shares in the last quarter. Finally, Edge Wealth Management LLC acquired a new position in Marvell Technology in the third quarter worth approximately $214,000. Institutional investors own 83.51% of the company’s stock.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Marvell raised its fiscal 2028 revenue target to approximately $20 billion, above Wall Street’s $18.2 billion consensus, and outlined a potential $70 billion–$90 billion revenue opportunity by fiscal 2031. The company expects data-center revenue to reach roughly $18 billion in fiscal 2028, driven by custom silicon, connectivity and optical products. Marvell: A Strong Buy With a $90 Billion Opportunity
• Positive Sentiment: Erste Group Bank increased its fiscal 2028 earnings estimate to $6.10 per share from $5.38, signaling improving long-term profitability expectations, although it retained a Hold rating. Marvell Technology analyst estimate
• Positive Sentiment: New products—including Structera X CXL 3.2 memory expanders, a 3.2T protocol-aware retimer and a 1.6T active electrical-cable DSP—target the growing need for memory capacity, bandwidth and power efficiency in AI data centers. Marvell also joined Microsoft and Oracle in an Open Compute Project security-standardization effort. Marvell Unveils Second-generation Structera X
• Neutral Sentiment: Analyst coverage remains constructive on Marvell’s custom-chip and networking opportunity, including potential demand from Microsoft’s Maia 300 AI program, but commentary emphasizes that the stock’s strong run has already priced in substantial future growth.
• Negative Sentiment: Recent weakness reflects profit-taking after a gain of more than 200% during 2026, along with insider selling and a broader retreat in AI semiconductor shares. Marvell’s valuation—about 89 times earnings and a PEG ratio near 8—leaves limited room for execution disappointments. Marvell Technology Stock Price Down After Insider Selling

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group upped their price target on Marvell Technology from $335.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Benchmark reiterated a “buy” rating on shares of Marvell Technology in a research report on Monday, August 24th. Evercore reissued an “outperform” rating and set a $433.00 price objective on shares of Marvell Technology in a research note on Tuesday, October 6th. Barclays restated an “overweight” rating on shares of Marvell Technology in a report on Thursday, August 20th. Finally, Stifel Nicolaus boosted 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. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and a consensus price target of $320.82.

Marvell Technology Stock Performance

Shares of MRVL opened at $268.73 on Wednesday. The company has a 50-day moving average of $239.66 and a two-hundred day moving average of $213.96. The stock has a market cap of $235.65 billion, a price-to-earnings ratio of 88.69, a PEG ratio of 7.92 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. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm’s revenue 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. On average, equities research analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Insiders Place Their Bets

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the sale, the chief operating officer directly owned 227,941 shares of the company’s stock, valued at $41,143,350.50. The trade was a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total value of $1,675,425.00. Following the completion of the sale, the chief executive officer owned 775,686 shares of the company’s stock, valued at $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. In the last three months, insiders have sold 46,100 shares of company stock worth $10,205,174. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.