SeaCrest Wealth Management LLC Makes New Investment in Marvell Technology, Inc. $MRVL

SeaCrest Wealth Management LLC purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, HoldingsChannel reports. The firm purchased 6,658 shares of the semiconductor company’s stock, valued at approximately $1,759,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MRVL. Root Financial Partners LLC acquired a new position in shares of Marvell Technology in the 3rd quarter valued at $424,000. Carter Financial Group INC. acquired a new stake in Marvell Technology during the 3rd quarter worth about $221,000. Investment House LLC acquired a new stake in Marvell Technology during the 3rd quarter worth about $2,048,000. Pinnacle Bancorp Inc. acquired a new stake in Marvell Technology during the 3rd quarter worth about $893,000. Finally, Cypress Wealth Services LLC purchased a new stake in Marvell Technology during the third quarter valued at about $674,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MRVL. Wells Fargo & Company raised their target price on shares of Marvell Technology from $310.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Roth Capital restated a “buy” rating and set a $350.00 price target on shares of Marvell Technology in a report on Thursday, August 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $270.00 price target on shares of Marvell Technology in a research report on Wednesday, October 7th. Citigroup upped their price target on shares of Marvell Technology from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Finally, Rosenblatt Securities raised their price objective on shares of Marvell Technology from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.36.

Marvell Technology Trading Down 8.7%

NASDAQ:MRVL opened at $223.47 on Friday. The stock’s 50 day moving average price is $242.85 and its 200 day moving average price is $220.72. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The company has a market capitalization of $195.96 billion, a P/E ratio of 73.75, a P/E/G ratio of 7.30 and a beta of 2.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping 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 analyst estimates of $2.72 billion. During the same quarter in the prior year, the business posted $0.67 EPS. Marvell Technology’s quarterly 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. On average, research analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed 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. The ex-dividend date is 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 presently 7.92%.

Marvell Technology News Roundup

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

• Positive Sentiment: Analysts raised the average price target for Marvell by 11.84% to CHF 267.74, suggesting continued confidence in the company’s growth outlook. Average analyst price target for Marvell Technology increased
• Positive Sentiment: Marvell remains positioned to benefit from AI infrastructure spending through custom silicon, optical connectivity and switching products. Analysts and bullish commentators point to ambitious revenue targets and expanding data-center opportunities as potential long-term catalysts. MRVL Taps Into AI Infrastructure Growth
• Positive Sentiment: Marvell was included among non-Nvidia chip stocks viewed as potential beneficiaries of rising demand for custom AI processors. The company also received approximately $116.4 million of net ETF buying on October 19, indicating institutional demand. Four Non-Nvidia Chip Stocks
• Neutral Sentiment: Marvell previously outperformed the broader market in the latest reported session, while bullish analyses argue that the recent volatility does not undermine the company’s longer-term AI opportunity. Marvell Stock Is Bouncing Back
• Negative Sentiment: A supply warning from a semiconductor equipment maker intensified concerns about bottlenecks and near-term chip demand, triggering a broad technology and AI-related semiconductor sell-off. Marvell, as a data-center-focused chip designer, was among the stocks hit hardest. Chip Stocks Fall as Supply Warning Deepens AI Selloff
• Negative Sentiment: Reports specifically cited supply-chain bottlenecks as an additional pressure on Marvell, reinforcing investor concerns about execution and the timing of AI infrastructure growth. Marvell Feels Supply Chain Bottlenecks Pressure

Insider Transactions at Marvell Technology

In other news, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction dated 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 owned 775,686 shares of the company’s stock, valued at approximately $173,280,495.54. This represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the sale, the chief operating officer directly owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. The trade was a 4.20% 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 three months, insiders have sold 57,285 shares of company stock valued at $12,837,063. 0.12% of the stock is currently owned by insiders.

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.