49,863 Shares of Marvell Technology, Inc. $MRVL Acquired by N10 Wealth LLC

N10 Wealth LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 49,863 shares of the semiconductor company’s stock, valued at approximately $13,174,000. Marvell Technology accounts for 3.7% of N10 Wealth LLC’s investment portfolio, making the stock its 12th largest position.

Several other large investors also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in 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 buying an additional 21,798,190 shares during the period. State Street Corp increased its stake in shares of Marvell Technology by 79.3% during the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after buying an additional 18,495,866 shares during the period. Bank of America Corp DE purchased a new position in shares of Marvell Technology during the second quarter valued at approximately $2,607,795,000. Legal & General Group Plc bought a new position in shares of Marvell Technology during the second quarter valued at approximately $1,742,526,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Marvell Technology by 153.3% during 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 acquiring an additional 4,815,725 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology News Summary

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 roughly $18.2 billion consensus, and outlined a potential fiscal 2031 revenue opportunity of $70 billion to $90 billion. The outlook is being driven by AI connectivity, optical products and custom silicon, with management targeting 44%-46% operating margins and free-cash-flow margins above 36% by fiscal 2031. Marvell: A Strong Buy With a $90 Billion Opportunity
• Positive Sentiment: Analysts highlighted a potentially significant custom-chip program, including Microsoft’s Maia 300 AI effort. Custom silicon revenue has not yet fully appeared in Marvell’s financial results, creating a possible future growth catalyst for the data-center business. Marvell Stock Is on a Bad Run but Microsoft’s New AI Chips Can Revive It
• Positive Sentiment: The company expanded its connectivity portfolio with a 3.2T protocol-aware retimer and a second-generation 1.6T active electrical-cable DSP, products designed for higher bandwidth and power efficiency in AI data centers. Marvell also introduced six-channel CXL 3.2 memory expanders for AI inference. Marvell Bolsters Connectivity Portfolio
• Positive Sentiment: Erste Group raised its fiscal 2028 EPS estimate to $6.10 from $5.38, while several articles noted that analysts remain favorable toward Marvell’s AI and networking prospects. Erste Group Raises Marvell EPS Estimate
• Neutral Sentiment: Marvell and Microsoft, along with Oracle, formed an Open Compute Project working group to standardize security hardware for hyperscale data centers. The announcement may support Marvell’s ecosystem position but does not provide immediate financial guidance. Marvell, Microsoft and Oracle Establish OCP Working Group
• Negative Sentiment: Short-term pressure reflects profit-taking after Marvell’s sharp year-to-date advance, broader selling in AI chip stocks and reports of insider selling. With a high valuation, investors appear to be demanding substantial execution against the newly increased forecasts. Marvell Stock Price Down After Insider Selling

Marvell Technology Stock Down 6.4%

Shares of NASDAQ:MRVL traded down $17.20 during trading on Wednesday, hitting $251.53. The stock had a trading volume of 10,630,021 shares, compared to its average volume of 27,475,402. The company has a market capitalization of $220.57 billion, a PE ratio of 82.96, a PEG ratio of 7.92 and a beta of 2.26. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average is $239.66 and its 200 day moving average is $213.96. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month 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 for the quarter, beating the consensus estimate of $0.93 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Friday, October 9th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a 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

A number of analysts recently commented on MRVL shares. 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 research note on Wednesday, October 7th. HC Wainwright reissued a “buy” rating on shares of Marvell Technology in a research report on Tuesday, August 25th. Jefferies Financial Group upped their price objective on shares of Marvell Technology from $325.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Cantor Fitzgerald raised their target price on shares of Marvell Technology from $330.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 7th. Finally, Piper Sandler raised their target price on shares of Marvell Technology from $270.00 to $400.00 and gave the stock an “overweight” rating in a research report 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $320.82.

Insiders Place Their Bets

In other news, CAO Justin Scarpulla sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was 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 $248,693.31. The trade was a 54.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $262.05, for a total value of $2,620,500.00. Following the completion of the sale, the chief operating officer owned 207,941 shares in the company, valued at $54,490,939.05. The trade was a 4.59% 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. Over the last quarter, insiders have sold 46,100 shares of company stock worth $10,205,174. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Company 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.