Marvell Technology, Inc. $MRVL Shares Newly Bought by Glenview Trust Co

Glenview Trust Co acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 235,464 shares of the semiconductor company’s stock, valued at approximately $62,212,000. Marvell Technology makes up about 0.8% of Glenview Trust Co’s holdings, making the stock its 25th largest holding.

Other hedge funds also recently bought and sold shares of the company. Cape ANN Savings Bank raised its stake in shares of Marvell Technology by 2.3% during the second quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock worth $669,000 after acquiring an additional 50 shares in the last quarter. Arlington Trust Co LLC lifted its holdings in shares of Marvell Technology by 24.1% in the 2nd quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 52 shares during the last quarter. GoalVest Advisory LLC boosted its stake in shares of Marvell Technology by 26.0% in the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 65 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in shares of Marvell Technology by 88.5% in the 3rd quarter. Washington Trust Advisors Inc. now owns 147 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 69 shares in the last quarter. Finally, HBW Advisory Services LLC grew its holdings in shares of Marvell Technology by 3.3% during the 2nd quarter. HBW Advisory Services LLC now owns 2,270 shares of the semiconductor company’s stock valued at $676,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Insider Activity

In other Marvell Technology news, insider Sandeep Bharathi sold 3,685 shares of the business’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total value of $865,864.45. Following the transaction, the insider owned 58,748 shares in the company, valued at approximately $13,804,017.56. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. This trade represents a 4.20% 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. Insiders have sold a total of 57,285 shares of company stock worth $12,837,063 over the last ninety days. 0.12% of the stock is owned by insiders.

Marvell Technology Stock Down 10.0%

Shares of Marvell Technology stock opened at $196.40 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. Marvell Technology, Inc. has a 52-week low of $70.68 and a 52-week high of $329.88. The stock has a market capitalization of $172.22 billion, a price-to-earnings ratio of 64.82, a P/E/G ratio of 6.51 and a beta of 2.26. The company’s 50 day moving average price is $242.61 and its 200-day moving average price is $182.37.

Marvell Technology (NASDAQ:MRVL) last issued 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 company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities research analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Dividend Announcement

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

More Marvell Technology News

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

• Positive Sentiment: Strategic rationale for Lumentum: Marvell is reportedly in advanced talks to acquire optical-components maker Lumentum (NASDAQ: LITE). The deal could give Marvell direct access to scarce indium phosphide laser manufacturing capacity, strengthen its optical networking business, and improve its position in the fast-growing co-packaged optics market. Both companies also have strategic relationships with NVIDIA. Reuters article on Marvell’s Lumentum talks
• Positive Sentiment: Long-term AI growth remains intact: Marvell’s custom silicon, networking, and optical-interconnect businesses are positioned to benefit from continued hyperscaler and AI data-center investment. Recent coverage highlights management’s ambitious fiscal 2028 revenue target and a potential path toward substantially higher earnings by 2030. Analysts also expect double-digit bottom-line growth in the upcoming quarter. Marvell earnings preview
• Neutral Sentiment: Investors are awaiting earnings: Marvell is scheduled to report its fiscal third-quarter results soon. The report and management’s outlook could clarify demand trends, hyperscaler spending, and whether the company’s AI growth targets justify its elevated valuation. Earnings report preview
• Negative Sentiment: Potential deal dilution and valuation risk: Lumentum’s market value has surged to roughly $83 billion, and reports indicate a potential all-stock transaction. Investors fear Marvell could issue a substantial amount of shares, dilute existing ownership, and overpay for a company with comparatively modest current operating income. The market’s negative reaction reflects uncertainty over whether the acquisition would be earnings-accretive. TheStreet analysis of the proposed deal
• Negative Sentiment: Sector-wide AI spending concerns: Weakness across Broadcom, Qualcomm, Arm, Lumentum, Coherent, and other optics suppliers suggests investors are reassessing the pace and returns of hyperscaler AI infrastructure spending. These concerns are adding pressure to MRVL beyond the company-specific acquisition rumors. AI optics sector selloff article

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of analyst reports. TD Cowen upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and lifted their target price for the stock from $245.00 to $350.00 in a research report on Wednesday, October 7th. Cantor Fitzgerald upped their price target on shares of Marvell Technology from $330.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, October 7th. Roth Capital reaffirmed a “buy” rating and set a $350.00 price objective on shares of Marvell Technology in a research note on Thursday, August 20th. Weiss Ratings raised Marvell Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on Marvell Technology from $305.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $327.36.

Marvell Technology Company Profile

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.