Marvell Technology, Inc. $MRVL Shares Newly Bought by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 17,605 shares of the semiconductor company’s stock, valued at approximately $4,651,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vision Financial Markets LLC bought a new stake in shares of Marvell Technology during the third quarter valued at approximately $30,000. Atala Financial Inc bought a new position in Marvell Technology in the third quarter worth $292,000. Fifth Third Wealth Advisors LLC bought a new position in Marvell Technology in the third quarter worth $24,014,000. Sterling Capital Management LLC bought a new position in Marvell Technology in the third quarter worth $25,467,000. Finally, TSA Wealth Managment LLC purchased a new position in Marvell Technology during the third quarter valued at $287,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Stock Up 2.3%

Shares of NASDAQ:MRVL traded up $5.04 on Friday, hitting $228.51. 12,988,280 shares of the company traded hands, compared to its average volume of 20,439,484. The stock has a 50 day simple moving average of $242.98 and a 200-day simple moving average of $220.77. 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 company has a market cap of $200.38 billion, a PE ratio of 75.42, a PEG ratio of 6.66 and a beta of 2.26. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating 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 prior year, the firm posted $0.67 EPS. Marvell Technology’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. As a group, research analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, October 9th. Marvell Technology’s dividend payout ratio is currently 7.92%.

Insider Activity

In related news, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $235.47, for a total value of $1,766,025.00. Following the transaction, the chief executive officer directly owned 768,186 shares of the company’s stock, valued at approximately $180,884,757.42. This represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $262.05, for a total value of $2,620,500.00. Following the sale, the chief operating officer owned 207,941 shares in the company, valued at approximately $54,490,939.05. This represents a 4.59% 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 sold 57,285 shares of company stock worth $12,837,063 over the last three months. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of research reports. Cantor Fitzgerald boosted their target price on shares of Marvell Technology from $330.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, October 7th. Royal Bank Of Canada lifted their price target on shares of Marvell Technology from $360.00 to $425.00 and gave the company an “outperform” rating in a research report on Wednesday, October 7th. Needham & Company LLC boosted their price objective on shares of Marvell Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Weiss Ratings raised shares of Marvell Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Finally, Barclays reaffirmed an “overweight” rating on shares of Marvell Technology in a research note on Thursday, August 20th. Three research 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $327.36.

More Marvell Technology News

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

• Positive Sentiment: Semiconductor shares, including Marvell, are recovering as broader technology stocks regain ground. Investor focus has returned to Marvell’s exposure to custom AI chips, optical connectivity and data-center switching solutions. What Is Going On With Marvell Technology Stock on Friday?
• Positive Sentiment: Marvell expanded its revolving credit facility, providing additional liquidity and financial flexibility as it invests to capture demand for AI infrastructure. The move is supportive of its growth strategy, though it is not an immediate earnings catalyst. Marvell Expands Revolving Credit Facility to Bolster Liquidity
• Positive Sentiment: An analyst raised the firm’s FY2028 earnings-per-share estimate slightly to $6.12 from $6.10, while the reported average price target also increased. These revisions indicate continued confidence in Marvell’s longer-term AI growth prospects, although Erste Group maintained a Hold rating.
• Neutral Sentiment: Marvell’s record AI design wins and multibillion-dollar Google partnership strengthen its growth narrative. However, investors are weighing whether those wins will translate into attractive margins as competition intensifies.
• Negative Sentiment: Taiwanese custom-chip designers and Arm’s ready-made chip blueprints could give hyperscalers lower-cost alternatives, potentially limiting Marvell’s pricing power and margins in custom silicon. Marvell Technology Faces a Multi-Front War Against Taiwan’s Custom Silicon Ecosystem
• Negative Sentiment: Supply-chain bottlenecks and a warning from a semiconductor-equipment supplier recently triggered a sector-wide AI sell-off, highlighting the risk that production constraints could delay Marvell’s growth. The stock also remains volatile and trades at an elevated valuation.

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.