Parisi Gray Wealth Management Purchases 19,445 Shares of Marvell Technology, Inc. $MRVL

Parisi Gray Wealth Management purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, HoldingsChannel.com reports. The fund purchased 19,445 shares of the semiconductor company’s stock, valued at approximately $5,138,000. Marvell Technology accounts for approximately 1.1% of Parisi Gray Wealth Management’s holdings, making the stock its 28th largest position.

A number of other large investors have also made changes to their positions in MRVL. BlackRock Inc. boosted its position in shares of Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after purchasing an additional 21,798,190 shares in the last quarter. State Street Corp grew its stake in Marvell Technology by 79.3% during the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after buying an additional 18,495,866 shares during the last quarter. Bank of America Corp DE acquired a new position in Marvell Technology during the 2nd quarter valued at about $2,607,795,000. Legal & General Group Plc acquired a new position in Marvell Technology during the 2nd quarter valued at about $1,742,526,000. Finally, Bank of New York Mellon Corp raised its stake in Marvell Technology by 153.3% in the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock valued at $2,370,604,000 after buying an additional 4,815,725 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CAO Justin Scarpulla sold 1,100 shares of the company’s stock in a transaction 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 sale, the chief accounting officer directly owned 909 shares of the company’s stock, valued at approximately $248,693.31. This represents a 54.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction dated 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 $173,280,495.54. This represents a 0.96% 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. In the last three months, insiders sold 57,285 shares of company stock worth $12,837,063. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Stock Performance

MRVL stock traded down $13.41 during midday trading on Friday, reaching $227.83. The stock had a trading volume of 21,358,831 shares, compared to its average volume of 20,265,420. The stock has a market cap of $199.78 billion, a PE ratio of 75.19, a P/E/G ratio of 7.19 and a beta of 2.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The firm has a fifty day simple moving average of $241.14 and a two-hundred day simple moving average of $216.11. Marvell Technology, Inc. has a 52-week low of $70.68 and a 52-week 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 analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $2.74 billion during 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 quarter in the previous year, the firm posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Friday, October 9th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank Of Canada raised 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. Seaport Research Partners assumed coverage on shares of Marvell Technology in a report on Tuesday, September 22nd. They set a “buy” rating and a $270.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating on shares of Marvell Technology in a research report on Tuesday, August 25th. Rosenblatt Securities increased their price objective on shares of Marvell Technology from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Finally, Wells Fargo & Company lifted their target price on shares of Marvell Technology from $310.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.36.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell’s recent Investor Day highlighted strong expected demand for custom AI chips, data-center infrastructure and networking silicon. The company raised its long-term sales outlook, supporting the view that it could deliver substantial revenue and earnings growth. Long-term Marvell growth outlook
• Positive Sentiment: Erste Group Bank reportedly increased its earnings-per-share forecast for Marvell, while other analysts remain optimistic about the company’s growth potential in AI and data-center markets. Marvell EPS forecast increase
• Neutral Sentiment: CEO Matthew Murphy sold 7,500 shares, and insider Sandeep Bharathi sold 3,685 shares. Both transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards, reducing their significance as signals about the company’s outlook. Marvell CEO SEC filing Marvell insider SEC filing
• Negative Sentiment: Broadcom CEO Hock Tan’s warning about the amount of capital required to fund AI infrastructure is weighing on custom AI-chip companies, including Marvell. Investors fear that hyperscalers may become more selective with spending or demand better returns, particularly after Marvell’s substantial rally. Broadcom AI funding warning
• Negative Sentiment: Hotter U.S. inflation data and rising interest-rate expectations have triggered a broader technology and semiconductor sell-off. High-growth stocks such as Marvell are particularly vulnerable because their valuation depends heavily on future AI-driven earnings. Marvell market pressure

About Marvell Technology

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.