15,932 Shares of Marvell Technology, Inc. $MRVL Acquired by CoreCap Advisors LLC

Key Points

• CoreCap Advisors acquired 15,932 Marvell shares worth approximately $4.2 million in the third quarter, while institutional investors collectively own 83.51% of MRVL.
• Analysts remain broadly bullish, with Marvell receiving a “Moderate Buy” consensus rating and an average price target of $320.82. Several firms raised targets on optimism surrounding the company’s custom AI chips, networking products, and data-center growth.
• Marvell reported quarterly revenue of $2.74 billion, up 36.5% year over year, and slightly exceeded earnings expectations. However, its high valuation—about 91 times earnings—leaves the stock vulnerable to profit-taking, higher interest rates, and execution risks tied to its aggressive long-term AI revenue targets.

CoreCap Advisors LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,932 shares of the semiconductor company's stock, valued at approximately $4,209,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Marvell Technology by 34.1% in the 2nd 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 during the last quarter. State Street Corp grew its position in Marvell Technology by 79.3% during the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company's stock worth $12,462,011,000 after acquiring an additional 18,495,866 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Marvell Technology during the second quarter valued at about $2,607,795,000. Legal & General Group Plc bought a new stake in shares of Marvell Technology during the second quarter worth about $1,742,526,000. Finally, Bank of New York Mellon Corp grew its holdings 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 purchasing an additional 4,815,725 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wolfe Research raised their price objective on shares of Marvell Technology from $280.00 to $375.00 and gave the company an "outperform" rating in a report on Wednesday. BMO Capital Markets reiterated a "market perform" rating and set a $325.00 price target on shares of Marvell Technology in a report on Wednesday. Royal Bank Of Canada boosted their price objective on shares of Marvell Technology from $360.00 to $425.00 and gave the stock an "outperform" rating in a research note on Wednesday. B. Riley Financial decreased their price objective on Marvell Technology from $345.00 to $315.00 and set a "buy" rating for the company in a report on Friday, August 28th. Finally, Stifel Nicolaus raised their target price on Marvell Technology from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $320.82.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell raised its fiscal 2031 revenue target to $70 billion-$90 billion, including approximately $20 billion of revenue in fiscal 2028. Management expects AI-related connectivity, custom chips, and data-center infrastructure to drive growth. Marvell Technology lifts 2031 revenue goal
• Positive Sentiment: Analysts responded by raising price targets, including Bank of America to $400, JPMorgan to $360, RBC to $425, and Needham to $400. The upgrades reflect confidence in Marvell’s custom AI silicon and networking opportunity. Marvell price target raised by Bank of America
• Positive Sentiment: The company plans to showcase a broad portfolio of open AI infrastructure solutions at the OCP Global Summit, reinforcing its positioning in the expanding AI data-center market. Marvell to showcase open AI infrastructure solutions
• Neutral Sentiment: Marvell’s AI thesis has also lifted investor interest in related networking companies such as Ciena and Astera Labs, highlighting the potential size of the infrastructure opportunity but also the competitive and customer-concentration risks across the sector.
• Negative Sentiment: Shares faced profit-taking after a significant year-to-date advance. Some analysts cautioned that the $70 billion-$90 billion forecast requires exceptionally rapid execution, sustained hyperscaler spending, and continued custom-chip demand.
• Negative Sentiment: High Treasury yields and elevated oil prices pressured AI and other growth stocks broadly, making Marvell’s premium valuation more difficult to support. At roughly 91 times earnings, the stock is particularly sensitive to changes in interest rates and investor risk appetite. What is going on with Marvell Technology stock
• Negative Sentiment: Several bearish commentaries described the long-term projections as aggressive and noted that much of the anticipated AI growth may already be reflected in MRVL’s valuation. Marvell rating downgrade

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $274.66 on Friday. The company has a market capitalization of $240.85 billion, a PE ratio of 90.65, a P/E/G ratio of 2.75 and a beta of 2.26. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88. The firm has a fifty day simple moving average of $235.46 and a 200 day simple moving average of $210.23.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating 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 business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.72 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business's quarterly revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, sell-side analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the transaction, the chief executive officer owned 775,686 shares of the company's stock, valued at $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 this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the completion of the sale, the chief operating officer directly owned 227,941 shares of the company's stock, valued at $41,143,350.50. The trade was a 4.20% 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. Insiders have sold a total of 45,000 shares of company stock worth $9,904,225 over the last 90 days. Company insiders own 0.12% of the company's stock.

About Marvell Technology

Marvell Technology, Inc NASDAQ: MRVL is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company's portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.

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