43,600 Shares of Marvell Technology, Inc. $MRVL Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 43,600 shares of the semiconductor company’s stock, valued at approximately $11,520,000.

Several other large investors also recently made changes to their positions in MRVL. C M Bidwell & Associates Ltd. bought a new stake in shares of Marvell Technology in the 2nd quarter worth approximately $27,000. Investment Research & Advisory Group Inc. acquired a new stake in Marvell Technology during the third quarter valued at approximately $25,000. Aberdeen Wealth Management LLC bought a new stake in Marvell Technology during the second quarter worth approximately $30,000. Sawyer & Company Inc bought a new stake in Marvell Technology during the third quarter worth approximately $26,000. Finally, Sunrise Financial Services LLC acquired a new position in Marvell Technology in the third quarter worth approximately $26,000. Institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the completion of the sale, the chief operating officer directly owned 202,800 shares in the company, valued at approximately $37,917,516. This trade represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total value of $1,675,425.00. Following the sale, the chief executive officer directly owned 775,686 shares of the company’s stock, valued at approximately $173,280,495.54. The trade was a 0.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 57,285 shares of company stock valued at $12,901,763. 0.12% of the stock is owned by insiders.

Recent Marvell Technology Headlines

Investors following MRVL have been watching these headlines:

• Neutral Sentiment: The rebound may be a recovery from a sharp selloff rather than confirmation of a lasting trend change. Recent strength in data-center demand supports the AI-growth case, but there was no single new company-specific catalyst reported. Article: Marvell Technology stock is rising: Is this a dead cat bounce or a real recovery?
• Negative Sentiment: The $115 billion all-stock Lumentum deal remains a substantial execution and valuation risk. A report citing merger specialists put the odds of closing at roughly 50%, while other coverage noted that Marvell’s valuation already assumes significant future growth. Article: Marvell’s $115 Billion Lumentum Deal Faces 50-50 Odds
• Negative Sentiment: Quiver reported that Marvell insiders made no open-market purchases and recorded 17 sales over the past six months. This may weigh on sentiment, although insider sales alone do not establish a negative outlook. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus

Marvell Technology Stock Up 9.3%

MRVL stock opened at $168.80 on Thursday. Marvell Technology, Inc. has a 52-week low of $70.68 and a 52-week high of $329.88. The company’s 50 day simple moving average is $231.09 and its 200-day simple moving average is $185.39. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The firm has a market capitalization of $148.02 billion, a P/E ratio of 55.71, a P/E/G ratio of 4.61 and a beta of 2.32.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the business posted $0.67 EPS. The company’s revenue 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, equities research analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Announces Dividend

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

Analyst Ratings Changes

MRVL has been the topic of several recent research reports. Royal Bank Of Canada dropped their price target on Marvell Technology from $425.00 to $250.00 and set an “outperform” rating on the stock in a report on Tuesday, November 3rd. Bank of America lowered Marvell Technology from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $400.00 to $225.00 in a research note on Tuesday, November 3rd. Susquehanna decreased their target price on Marvell Technology from $340.00 to $300.00 and set a “positive” rating on the stock in a report on Tuesday, November 3rd. Roth Capital restated a “buy” rating and issued a $350.00 target price on shares of Marvell Technology in a report on Thursday, August 20th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $325.00 target price on shares of Marvell Technology in a research report on Wednesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average target price of $300.09.

Marvell Technology Profile

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.