28,091 Shares of Marvell Technology, Inc. $MRVL Bought by Vestor Capital LLC

Key Points

• Vestor Capital opened a position in Marvell Technology, buying 28,091 shares worth approximately $7.42 million in the third quarter.
• Institutional investors own 83.51% of Marvell shares, and several large firms increased their holdings. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $300.09.
• Marvell’s latest quarterly results modestly beat earnings and revenue estimates, but investor concerns over its reported $115 billion all-stock Lumentum acquisition and a broader pullback in AI stocks have weighed on shares.

Vestor Capital LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,091 shares of the semiconductor company's stock, valued at approximately $7,422,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Marvell Technology by 34.1% during the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company's stock worth $25,511,649,000 after buying an additional 21,798,190 shares during the last quarter. State Street Corp increased its holdings in shares of Marvell Technology by 79.3% during the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company's stock worth $12,462,011,000 after buying an additional 18,495,866 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Marvell Technology during the second quarter worth $2,607,795,000. Bank of New York Mellon Corp lifted its stake in shares of Marvell Technology by 153.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company's stock valued at $2,370,604,000 after acquiring an additional 4,815,725 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Marvell Technology in the 2nd quarter valued at $1,742,526,000. Institutional investors own 83.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MRVL shares. William Blair restated an "outperform" rating on shares of Marvell Technology in a research report on Monday, November 2nd. Needham & Company LLC dropped their target price on Marvell Technology from $400.00 to $300.00 and set a "buy" rating for the company in a research report on Tuesday, November 3rd. Morgan Stanley lifted their price target on Marvell Technology from $268.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 7th. Roth Capital reissued a "buy" rating and set a $350.00 price target on shares of Marvell Technology in a research note on Thursday, August 20th. Finally, UBS Group restated a "buy" rating on shares of Marvell Technology in a report on Tuesday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $300.09.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $154.60 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88. The business has a 50-day simple moving average of $233.06 and a 200 day simple moving average of $184.59. The firm has a market capitalization of $135.57 billion, a price-to-earnings ratio of 51.02, a PEG ratio of 4.77 and a beta of 2.32.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company'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 anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were paid a dividend of $0.06 per share. 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 payout ratio is 7.92%.

Insider Buying and Selling at Marvell Technology

In other news, CAO Justin Scarpulla sold 1,100 shares of Marvell Technology stock in a transaction dated Thursday, October 8th. The shares were 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 in the company, valued at $248,693.31. This trade represents a 54.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 57,285 shares of company stock worth $12,901,763. Corporate insiders own 0.12% of the company's stock.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell shares rose as major market indexes rebounded following last week’s semiconductor losses, offering a near-term lift unrelated to company-specific news. Why Is Marvell Stock Surging on Monday?
• Positive Sentiment: B. Riley cut its price target from $275 to $250 but kept a Buy rating, signaling continued confidence in potential upside despite the reduced forecast. B. Riley analyst rating
• Neutral Sentiment: ETF flows were mixed but tilted toward buying on Nov. 5: 44 funds added Marvell shares while 19 sold. ETFs Bought $13.1 Million of Marvell
• Negative Sentiment: The biggest company-specific concern is Marvell’s reported all-stock acquisition of Lumentum, valued at $115 billion. The deal has intensified selling, with investors wary of the transaction’s scale and its implications as AI stocks face a broader pullback. Reports say Marvell has fallen sharply since the deal news emerged. Marvell Sinks 36%, Lumentum Drops 31% on $115 Billion Deal
• Negative Sentiment: Marvell’s decline also reflects investors exiting AI-related positions. One report notes the shares were about 58% below their June record close as of Nov. 5; past steep declines have sometimes taken years to recover, underscoring the risk that a rebound may not be quick. Marvell Stock Fell 58% From Its Record

Marvell Technology Company Profile

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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