11,464 Shares in Marvell Technology, Inc. $MRVL Bought by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,464 shares of the semiconductor company’s stock, valued at approximately $1,136,000.

Other large investors also recently bought and sold shares of the company. Hilton Head Capital Partners LLC boosted its stake in Marvell Technology by 978.3% during the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. Jessup Wealth Management Inc acquired a new stake in Marvell Technology in the 4th quarter valued at approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in Marvell Technology in the fourth quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC purchased a new stake in Marvell Technology in the fourth quarter valued at approximately $26,000. Finally, Pittenger & Anderson Inc. boosted its position in shares of Marvell Technology by 61.5% during the first quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock worth $31,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology News Summary

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

• Positive Sentiment: Wall Street analyst sentiment remains constructive, with the average brokerage recommendation equivalent to a Buy and price targets reported as high as $360. Wall Street Analysts Look Bullish on Marvell (MRVL): Should You Buy?
• Positive Sentiment: Longer-term bullish commentary continues to point to Marvell’s role in AI infrastructure, including custom silicon and optical networking, which remain key growth drivers. Broadcom vs. Marvell: A Valuation Showdown for the Custom AI Chip Trade
• Neutral Sentiment: Recent articles also highlighted Marvell as a major AI-chip competitor to Nvidia and part of the broader custom AI chip trade, reinforcing investor interest in the name. Broadcom and Marvell Are Bigger Threats to Nvidia Than You Know
• Negative Sentiment: MRVL is falling along with the broader chip sector as money moves toward defensive groups like energy, and other semiconductor names such as Arm and SK Hynix are also weakening. Marvell Stock Drops 6: Why Wall Street is Dumping High-Flying Chip Names for Energy

Insider Activity at Marvell Technology

In other news, CFO Daniel Durn sold 2,250 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total transaction of $632,272.50. Following the completion of the transaction, the chief financial officer directly owned 6,902 shares of the company’s stock, valued at approximately $1,939,531.02. This represents a 24.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total value of $667,359.03. Following the completion of the transaction, the insider owned 55,530 shares in the company, valued at approximately $16,610,688.90. The trade was a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 160,373 shares of company stock worth $24,938,664 over the last three months. Company insiders own 0.12% of the company’s stock.

Marvell Technology Stock Down 7.8%

Shares of Marvell Technology stock opened at $217.53 on Tuesday. 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, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The company has a market capitalization of $190.30 billion, a P/E ratio of 74.50, a P/E/G ratio of 1.54 and a beta of 2.20. The company has a 50 day moving average of $237.83 and a 200 day moving average of $146.27.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, research analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, July 10th will be paid a $0.06 dividend. The ex-dividend date is 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 (DPR) is currently 8.22%.

Analysts Set New Price Targets

MRVL has been the topic of several research analyst reports. Citigroup boosted their price objective on Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Bank of America lifted their target price on Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. TD Cowen increased their price target on shares of Marvell Technology from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Oppenheimer raised their price objective on shares of Marvell Technology from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group set a $180.00 price objective on shares of Marvell Technology in a report on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.97.

Marvell Technology Company Profile

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.