179,783 Shares of Marvell Technology, Inc. $MRVL Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management bought 179,783 Marvell Technology shares worth approximately $47.5 million during the third quarter. Several other institutional investors also initiated positions, and institutions now own 83.51% of the stock.
• Analyst sentiment remains favorable, with Marvell receiving a “Moderate Buy” consensus rating and an average price target of $327.36; targets cited in the article range from $325 to $425.
• Marvell reported quarterly revenue of $2.74 billion and adjusted EPS of $0.94, exceeding estimates, while revenue grew 36.5% year over year. The company also declared a quarterly dividend of $0.06 per share.

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 179,783 shares of the semiconductor company's stock, valued at approximately $47,500,000.

Other hedge funds also recently modified their holdings of the company. Jeppson Wealth Management LLC bought a new position in Marvell Technology in the third quarter valued at approximately $1,037,000. CWA Asset Management Group LLC acquired a new stake in Marvell Technology during the 3rd quarter worth $2,478,000. CFS Investment Advisory Services LLC bought a new stake in shares of Marvell Technology during the 3rd quarter valued at $357,000. Grandview Asset Management LLC bought a new stake in shares of Marvell Technology during the 3rd quarter valued at $5,867,000. Finally, Warwick Investment Management Inc. bought a new stake in shares of Marvell Technology during the 3rd quarter valued at $277,000. Institutional investors own 83.51% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Raymond James Financial reissued a "strong-buy" rating on shares of Marvell Technology in a research note on Tuesday, October 6th. JPMorgan Chase & Co. lifted their price objective on Marvell Technology from $305.00 to $360.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 7th. BMO Capital Markets reiterated a "market perform" rating and issued a $325.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Roth Capital reissued a "buy" rating and issued a $350.00 target price on shares of Marvell Technology in a research note on Thursday, August 20th. Finally, Oppenheimer restated an "outperform" rating and set a $425.00 target price on shares of Marvell Technology in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Marvell Technology currently has an average rating of "Moderate Buy" and an average target price of $327.36.

Insiders Place Their Bets

In other Marvell Technology news, CAO Justin Scarpulla sold 1,100 shares of the firm's stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total transaction of $300,949.00. Following the sale, the chief accounting officer directly owned 909 shares in the company, valued at approximately $248,693.31. This trade represents a 54.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sandeep Bharathi sold 3,685 shares of Marvell Technology stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the completion of the transaction, the insider directly owned 58,748 shares in the company, valued at approximately $13,804,017.56. The trade was a 5.90% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 57,285 shares of company stock valued at $12,837,063 in the last quarter. 0.12% of the stock is owned by company insiders.

Marvell Technology News Summary

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

• Positive Sentiment: Investor optimism is being driven by Marvell’s AI infrastructure growth. One analysis said the company’s market capitalization has nearly tripled this year, while its reported six-year, $120 billion agreement with Alphabet provides significant long-term revenue visibility. Is Marvell Technology a Millionaire-Maker Stock?
• Positive Sentiment: A reported delay to Google’s next tensor processing unit is being viewed as manageable rather than a major threat to Marvell’s custom-chip business. GF Securities reportedly believes the delay should not undermine Marvell’s competitive position, helping support the stock’s recovery. Marvell Jumps as Google Chip Delay Is Viewed as Manageable
• Positive Sentiment: Analyst support has increased, with reports citing a higher fair-value estimate based on expectations for continued AI-related growth. Marvell also formed a Cloud Security Alliance following new CXL and connectivity launches, reinforcing its data-center positioning. Marvell Stock Sees Fair Value Lift
• Positive Sentiment: Investors are also anticipating Marvell’s final dividend payment of the year, scheduled for late next week. The payout is a modest shareholder-return catalyst rather than a major change to the company’s growth outlook. Marvell to Pay Dividends Next Week
• Neutral Sentiment: Marvell recently endured a sharp selloff even after management raised its fiscal 2028 revenue outlook at Investor Day. The rebound reflects renewed confidence in fundamentals, but the stock’s strong prior gains and high valuation leave it sensitive to execution and expectations. What Just Happened to Marvell Stock?
• Negative Sentiment: Marvell’s CEO sold 7,500 shares in a preplanned transaction. Because the sale was scheduled in advance, it may not indicate a change in management’s outlook, but insider selling can weigh modestly on sentiment. Marvell CEO Sells Shares in Preplanned Trade

Marvell Technology Stock Up 4.1%

NASDAQ:MRVL opened at $237.09 on Tuesday. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88. The stock has a 50-day moving average price of $241.71 and a two-hundred day moving average price of $217.99. The stock has a market cap of $207.90 billion, a price-to-earnings ratio of 78.25, a PEG ratio of 6.79 and a beta of 2.26. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results 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 return on equity of 13.57% and a net margin of 27.93%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the firm posted $0.67 earnings per share. Marvell Technology's 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. As a group, equities analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Announces Dividend

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

Marvell Technology Company Profile

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.

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