4,828 Shares of Marvell Technology, Inc. $MRVL Bought by Legacy Wealth Asset Management LLC

Key Points

• Legacy Wealth Asset Management bought 4,828 Marvell Technology shares worth approximately $1.28 million in the third quarter. Institutional investors own 83.51% of MRVL.
• Marvell raised its fiscal 2031 revenue target to $70 billion–$90 billion, including an estimated $37.5 billion opportunity from connecting AI chips and data centers. Analysts responded with multiple price-target increases, and the stock carries a consensus “Moderate Buy” rating.
• The growth outlook faces execution risks: MRVL trades at a high valuation near 91 times earnings, has recently pulled back, and depends heavily on sustained hyperscaler AI spending. Company insiders have also sold 45,000 shares worth about $9.9 million over the past 90 days.

Legacy Wealth Asset Management LLC acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,828 shares of the semiconductor company's stock, valued at approximately $1,276,000.

Other institutional investors have also added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Marvell Technology during the third quarter worth $66,743,000. Green Ridge Wealth Planning LLC bought a new stake in Marvell Technology during the third quarter valued at $231,000. GAMMA Investing LLC acquired a new stake in Marvell Technology during the 3rd quarter worth about $5,005,000. Green Alpha Advisors LLC acquired a new stake in Marvell Technology during the 3rd quarter worth about $1,971,000. Finally, Davis Capital Management bought a new position in shares of Marvell Technology in the 3rd quarter worth about $33,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology News Roundup

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

• Positive Sentiment: At its investor day, Marvell raised its fiscal 2031 revenue target to $70 billion-$90 billion, implying annual growth of at least 54% from current levels. Management estimates that connecting AI chips and data centers could become a roughly $37.5 billion annual business. Marvell Says Connecting AI Chips Could Be a $37 Billion Business
• Positive Sentiment: Wall Street responded by raising price targets: JPMorgan moved to $360, Bank of America to $400, and RBC to $425, while Susquehanna, Needham, and Cantor Fitzgerald also increased their targets. Analysts cited Marvell’s custom-chip opportunity, AI networking demand, and stronger-than-expected long-term growth framework. Marvell price target raised by Bank of America
• Positive Sentiment: Marvell plans to showcase its open AI infrastructure solutions at the OCP Global Summit, reinforcing its positioning in custom silicon, connectivity, and data-center infrastructure. The broader AI buildout remains the core catalyst behind the stock’s substantial 12-month advance. Marvell to Showcase Open AI Infrastructure Solutions
• Neutral Sentiment: The bullish thesis depends on Marvell converting ambitious forecasts into orders and earnings. Analysts and investors are evaluating whether its economic moat is widening through proprietary custom chips and connectivity products or narrowing as hyperscalers develop more solutions internally. Marvell’s Economic Moat
• Negative Sentiment: Shares have decreased in the latest session as investors took profits after the rally and broader technology stocks faced pressure from rising Treasury yields and higher oil prices. With a P/E near 91 and a beta above 2, MRVL has limited room for disappointing execution. Skeptics also warn that the $70 billion-$90 billion outlook assumes exceptionally rapid growth and continued dependence on hyperscaler AI spending. Why Marvell Fell More Than the Broader Market

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Piper Sandler boosted their price target on Marvell Technology from $270.00 to $400.00 and gave the company an "overweight" rating in a research note on Wednesday. TD Cowen upgraded shares of Marvell Technology from a "hold" rating to a "buy" rating and boosted their target price for the company from $245.00 to $350.00 in a research note on Wednesday. Rosenblatt Securities increased their price objective on Marvell Technology from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, August 25th. Susquehanna lifted their price target on Marvell Technology from $265.00 to $340.00 and gave the company a "positive" rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their price objective on shares of Marvell Technology from $310.00 to $365.00 and gave the company an "overweight" rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $320.82.

Insider Activity

In other news, CEO Matthew J. Murphy sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total value of $1,675,425.00. Following the sale, the chief executive officer directly owned 775,686 shares of the company's stock, valued at approximately $173,280,495.54. The trade was a 0.96% decrease in their position. The transaction was disclosed in a legal 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. Also, COO Chris Koopmans sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $262.05, for a total transaction of $2,620,500.00. Following the completion of the transaction, the chief operating officer owned 207,941 shares in the company, valued at approximately $54,490,939.05. This represents a 4.59% 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 90 days, insiders sold 45,000 shares of company stock worth $9,904,225. 0.12% of the stock is owned by insiders.

Marvell Technology Stock Down 3.5%

Shares of MRVL opened at $274.66 on Friday. The stock has a 50 day moving average price of $235.46 and a 200 day moving average price of $210.23. The stock has a market capitalization of $240.85 billion, a price-to-earnings ratio of 90.65, a PEG ratio of 2.75 and a beta of 2.26. 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 one year low of $70.68 and a one year high of $329.88.

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 for the quarter, beating the consensus estimate of $0.93 by $0.01. The firm had revenue of $2.74 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities research analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Marvell Technology Profile

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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