237,244 Shares of Marvell Technology, Inc. $MRVL Acquired by Kimelman & Baird LLC

Key Points

• Kimelman & Baird acquired 237,244 Marvell shares in the third quarter, worth about $62.7 million. The position represents roughly 4.5% of the firm’s portfolio and is its fifth-largest holding.
• Other institutions also opened positions, and institutional investors collectively own 83.51% of Marvell’s stock. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $300.85.
• Marvell’s latest quarterly results slightly beat estimates: EPS was $0.94 versus $0.93 expected, while revenue rose 36.5% year over year to $2.74 billion.

Kimelman & Baird LLC acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 237,244 shares of the semiconductor company's stock, valued at approximately $62,682,000. Marvell Technology comprises about 4.5% of Kimelman & Baird LLC's holdings, making the stock its 5th largest holding.

A number of other institutional investors have also modified their holdings of the business. Uhlmann Price Securities LLC acquired a new position in Marvell Technology during the 3rd quarter valued at approximately $793,000. Ethic Inc. acquired a new stake in Marvell Technology in the third quarter worth $23,739,000. 180 Wealth Advisors LLC bought a new stake in Marvell Technology in the third quarter valued at $3,207,000. StoneX Group Inc. bought a new stake in Marvell Technology in the third quarter valued at $1,338,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in Marvell Technology in the third quarter valued at $4,098,000. Institutional investors own 83.51% of the company's stock.

Analyst Ratings Changes

MRVL has been the subject of several recent research reports. Barclays restated an "overweight" rating on shares of Marvell Technology in a research report on Thursday, August 20th. UBS Group reaffirmed a "buy" rating on shares of Marvell Technology in a report on Tuesday. Piper Sandler reiterated an "overweight" rating on shares of Marvell Technology in a research report on Thursday, October 29th. Oppenheimer reissued an "outperform" rating and set a $425.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. Finally, Wolfe Research upped their target price on shares of Marvell Technology from $280.00 to $375.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Marvell Technology presently has an average rating of "Moderate Buy" and an average price target of $300.85.

Marvell Technology Trading Up 5.7%

Shares of MRVL stock opened at $141.20 on Friday. 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, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88. The stock has a fifty day moving average of $234.31 and a two-hundred day moving average of $184.23. The firm has a market capitalization of $123.82 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 4.22 and a beta of 2.32.

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

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were given 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 currently 7.92%.

Insider Activity at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi sold 3,685 shares of the firm's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the transaction, the insider owned 58,748 shares of the company's stock, valued at approximately $13,804,017.56. This trade represents a 5.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, CEO Matthew Murphy sold 7,500 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the sale, the chief executive officer owned 775,686 shares in the company, valued at $173,280,495.54. This trade represents a 0.96% decrease in their ownership of the stock. 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 quarter, insiders have sold 57,285 shares of company stock worth $12,901,763. 0.12% of the stock is currently owned by corporate insiders.

Trending Headlines about Marvell Technology

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

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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