North Star Investment Management Corp. Makes New $700,000 Investment in Marvell Technology, Inc. $MRVL

North Star Investment Management Corp. purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,649 shares of the semiconductor company’s stock, valued at approximately $700,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake 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 valued at $25,511,649,000 after purchasing an additional 21,798,190 shares in the last quarter. State Street Corp grew its holdings in shares of Marvell Technology by 79.3% during the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after purchasing an additional 18,495,866 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Marvell Technology during the 2nd quarter valued at approximately $2,607,795,000. Bank of New York Mellon Corp increased its position in Marvell Technology by 153.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after purchasing an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Marvell Technology during the 2nd quarter worth approximately $1,742,526,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In related news, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the completion of the transaction, the chief executive officer directly owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This trade represents a 0.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 3,685 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $234.97, for a total value of $865,864.45. Following the transaction, the insider directly owned 58,748 shares of the company’s stock, valued at approximately $13,804,017.56. This represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold a total of 57,285 shares of company stock worth $12,837,063 in the last three months. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Stock Performance

Marvell Technology stock opened at $218.34 on Friday. The business has a 50 day moving average of $243.70 and a 200-day moving average of $181.80. The company has a market capitalization of $191.46 billion, a P/E ratio of 72.06, a P/E/G ratio of 7.50 and a beta of 2.26. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88. 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 (NASDAQ:MRVL) last posted its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.72 billion. During the same period last year, the company earned $0.67 EPS. 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 predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Marvell Technology from $325.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Benchmark reaffirmed a “buy” rating on shares of Marvell Technology in a research note on Monday, August 24th. TD Cowen upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and upped their price target for the stock from $245.00 to $350.00 in a report on Wednesday, October 7th. Susquehanna upped their price target on shares of Marvell Technology from $265.00 to $340.00 and gave the stock a “positive” rating in a report on Wednesday, October 7th. Finally, Wolfe Research increased their price target on Marvell Technology from $280.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $327.36.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: An acquisition could strengthen Marvell’s position in optical networking for AI data centers. Lumentum supplies indium phosphide lasers, a critical component for high-speed optical links and co-packaged optics, where supply is limited and new fabrication capacity can take years to build. Marvell in advanced talks to buy Lumentum
• Positive Sentiment: The combination could broaden Marvell’s AI infrastructure portfolio and deepen its relationship with NVIDIA, which has invested in both companies. Lumentum’s optical AI market is expected to expand substantially through 2030, potentially creating long-term revenue and cross-selling opportunities for Marvell. Analysts see logic in a potential deal
• Neutral Sentiment: The transaction remains unannounced and reportedly could be structured as an all-stock deal. Until terms, timing and financing are disclosed, investors cannot assess the final purchase price, ownership split or expected earnings impact. Marvell and Lumentum could be nearing a deal
• Negative Sentiment: Lumentum’s market value has risen dramatically, reportedly reaching about $83 billion. Paying a premium of that scale—potentially equivalent to roughly 43% of Marvell’s market capitalization—could significantly dilute existing MRVL shareholders and raise concerns about overpayment. Why Marvell stock is down today
• Negative Sentiment: Investors are questioning whether Lumentum’s earnings and future synergies can justify the acquisition valuation. The deal would also expose Marvell to substantial integration and execution risk at a time when MRVL already trades at a demanding valuation. Marvell stock sinks on Lumentum buyout talks

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

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