15,511 Shares of Marvell Technology, Inc. $MRVL Acquired by Kornitzer Capital Management Inc. KS

Key Points

• Kornitzer Capital Management opened a position in Marvell, buying 15,511 shares worth approximately $4.1 million in the third quarter.
• Other major investors also added to or initiated positions, and institutional investors collectively own 83.51% of Marvell’s shares.
• Marvell’s latest quarterly results slightly beat expectations, with revenue up 36.5% year over year. Its AI data-center networking business is benefiting from demand, while the proposed Lumentum acquisition has raised concerns about dilution, price and execution.

Kornitzer Capital Management Inc. KS bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,511 shares of the semiconductor company's stock, valued at approximately $4,098,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company's stock worth $25,511,649,000 after purchasing an additional 21,798,190 shares in the last quarter. State Street Corp boosted its position in Marvell Technology by 79.3% in 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 in the last quarter. Bank of America Corp DE acquired a new stake in Marvell Technology in the second quarter valued at approximately $2,607,795,000. Legal & General Group Plc acquired a new stake in Marvell Technology in the second quarter valued at approximately $1,742,526,000. Finally, Bank of New York Mellon Corp grew 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 worth $2,370,604,000 after buying an additional 4,815,725 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Key Marvell Technology News

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

• Positive Sentiment: Investors rotated back into beaten-down AI chip stocks, helping Marvell recover. Coverage characterized the move as a rebound after the recent tech-sector rout. What's Going On With Marvell Technology Stock Friday?
• Positive Sentiment: Marvell’s AI networking business is benefiting from demand for data-center connectivity. Separately, Zacks Research modestly raised several longer-term EPS forecasts, supporting the growth outlook. MRVL's Networking Business Grows on the Back of AI
• Neutral Sentiment: The proposed all-stock acquisition of Lumentum would add optical technology for AI data centers, potentially addressing a key connectivity bottleneck. The strategic opportunity is substantial, but investors are weighing it against its cost and execution risks. Marvell Is Betting $115 Billion on 1 of AI's Biggest Bottlenecks
• Negative Sentiment: The Lumentum deal has fueled concerns about shareholder dilution and whether Marvell is paying too much. Because it is an all-stock offer, its value moves with Marvell’s share price; closing is not expected until the first half of 2028 and requires regulatory approval. Marvell's Lumentum Offer and Deal Risks
• Negative Sentiment: Broader uncertainty over AI regulation and possible data-center construction restrictions is weighing on the sector, since slower infrastructure buildouts could temper demand for Marvell’s networking products. Why Marvell Stock Is Falling Today

Marvell Technology Stock Performance

MRVL opened at $141.20 on Monday. Marvell Technology, Inc. has a fifty-two week low of $70.68 and a fifty-two week high of $329.88. 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 $123.82 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 4.22 and a beta of 2.32. The company's 50 day moving average price is $234.31 and its two-hundred day moving average price is $184.23.

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

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, October 9th. Marvell Technology's dividend payout ratio is presently 7.92%.

Analyst Upgrades and Downgrades

MRVL has been the subject of several research analyst reports. UBS Group reiterated a "buy" rating on shares of Marvell Technology in a report on Tuesday, November 3rd. JPMorgan Chase & Co. increased their price target on Marvell Technology from $305.00 to $360.00 and gave the company an "overweight" rating in a research note on Wednesday, October 7th. Citigroup raised their price objective on Marvell Technology from $225.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 21st. TD Cowen lowered Marvell Technology from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $350.00 to $175.00 in a research report on Tuesday, November 3rd. Finally, Rosenblatt Securities restated a "buy" rating and set a $300.00 price objective on shares of Marvell Technology in a research report on Friday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Marvell Technology has an average rating of "Moderate Buy" and a consensus price target of $300.85.

Insider Buying and Selling

In related news, CAO Justin Scarpulla sold 1,100 shares of the firm'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 transaction, the chief accounting officer directly owned 909 shares of the company's stock, valued at $248,693.31. This trade represents a 54.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $186.97, for a total value of $1,869,700.00. Following the transaction, the chief operating officer directly owned 202,800 shares of the company's stock, valued at approximately $37,917,516. This represents a 4.70% decrease in their ownership of the stock. 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 three months, insiders have sold 57,285 shares of company stock valued at $12,901,763. Company insiders own 0.12% of the company's stock.

About Marvell Technology

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.

Founded in 1995, Marvell grew through product development and acquisitions to build a broad portfolio of infrastructure technologies.

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