Marvell Technology, Inc. $MRVL Shares Newly Purchased by Pinkerton Wealth LLC

Pinkerton Wealth LLC bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,651 shares of the semiconductor company’s stock, valued at approximately $965,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Marvell Technology by 34.1% in the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after acquiring an additional 21,798,190 shares in the last quarter. 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 acquiring an additional 18,495,866 shares during the period. Bank of America Corp DE acquired a new position in shares of Marvell Technology during the second quarter valued at approximately $2,607,795,000. Bank of New York Mellon Corp increased its stake 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 during the period. Finally, Legal & General Group Plc bought a new stake in Marvell Technology during the second quarter worth approximately $1,742,526,000. 83.51% of the stock is currently owned by institutional investors.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: The proposed combination would expand Marvell’s position in AI data-center infrastructure by pairing its custom chips and networking technology with Lumentum’s lasers and optical components. The companies expect more than $1 billion in annual run-rate cost savings and higher adjusted earnings per share during the first year after closing. Marvell to Acquire Lumentum in $115 Billion All-Stock AI Infrastructure Deal
• Positive Sentiment: Management is targeting the fast-growing optical-networking market, where demand is being supported by AI data-center expansion. Marvell CEO Matt Murphy will lead the combined company, providing continuity for the company’s AI roadmap. Marvell and Lumentum officially plan to combine. Here’s what to know.
• Neutral Sentiment: The transaction values Lumentum at approximately $115 billion including debt. Lumentum investors would receive 4.5 Marvell shares per share, while Marvell shareholders would own about 67% of the combined company. Closing is expected in the first half of 2028, subject to shareholder and regulatory approvals.
• Negative Sentiment: Investors have reacted negatively to the scale of the acquisition, with Marvell shares declining sharply over the past week. The all-stock structure could create substantial dilution and ties the transaction’s effective value to Marvell’s volatile share price. Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
• Negative Sentiment: The acquisition introduces integration, regulatory and execution risks and may distract from Marvell’s existing AI-chip growth plans. At roughly $172 billion in market value, with a high earnings multiple and shares below their 50-day moving average, investors appear concerned that Marvell may be paying too much for future optical-networking growth.

Marvell Technology Price Performance

NASDAQ MRVL opened at $196.40 on Monday. 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 company’s 50 day simple moving average is $242.61 and its 200 day simple moving average is $182.37. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The company has a market capitalization of $172.22 billion, a P/E ratio of 64.82, a PEG ratio of 5.85 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business’s quarterly revenue was up 36.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities research analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MRVL shares. Roth Capital restated a “buy” rating and issued a $350.00 target price on shares of Marvell Technology in a research report on Thursday, August 20th. Susquehanna lifted their price target on Marvell Technology from $265.00 to $340.00 and gave the company a “positive” rating in a research report on Wednesday, October 7th. KeyCorp reissued an “overweight” rating on shares of Marvell Technology in a research note on Wednesday, October 7th. Craig Hallum restated a “buy” rating and issued a $380.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Finally, Cantor Fitzgerald upped their price objective on Marvell Technology from $330.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, October 7th. Three 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. Based on data from MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and an average target price of $327.36.

Insider Buying and Selling

In other news, CAO Justin Scarpulla sold 1,100 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the completion of the sale, the chief accounting officer directly owned 909 shares of the company’s stock, valued at $248,693.31. This represents a 54.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew J. Murphy sold 7,500 shares of the 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 completion of the transaction, the chief executive officer owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This trade represents 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 quarter, insiders have sold 47,285 shares of company stock valued at $11,032,063. Insiders own 0.12% of the company’s stock.

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.