Advisors Capital Management LLC Buys New Holdings in Marvell Technology, Inc. $MRVL

Advisors Capital Management LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,228 shares of the semiconductor company's stock, valued at approximately $1,855,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company's stock worth $25,511,649,000 after purchasing an additional 21,798,190 shares in the last quarter. State Street Corp grew its position in Marvell Technology by 7.9% during the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company's stock worth $1,940,503,000 after buying an additional 1,677,724 shares in the last quarter. Geode Capital Management LLC lifted its position in Marvell Technology by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company's stock valued at $1,025,185,000 after purchasing an additional 97,624 shares during the last quarter. Norges Bank purchased a new stake in shares of Marvell Technology during the 4th quarter valued at $895,455,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Marvell Technology by 11.4% during the 4th quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company's stock worth $838,286,000 after acquiring an additional 1,007,315 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00. Following the sale, the chief operating officer directly owned 227,941 shares in the company, valued at approximately $41,143,350.50. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the transaction, the insider directly owned 55,530 shares in the company, valued at approximately $16,610,688.90. This trade represents a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 41,981 shares of company stock worth $9,753,132 in the last ninety days. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Trading Down 5.6%

Marvell Technology stock opened at $237.04 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. Marvell Technology, Inc. has a one year low of $61.44 and a one year high of $329.88. The stock has a market capitalization of $207.36 billion, a PE ratio of 81.18, a price-to-earnings-growth ratio of 1.57 and a beta of 2.24. The business's fifty day moving average is $233.73 and its 200 day moving average is $171.04.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. The business's quarterly revenue was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, sell-side analysts predict that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology's dividend payout ratio is 8.22%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MRVL. Evercore restated an "outperform" rating and set a $155.00 price target on shares of Marvell Technology in a research report on Tuesday, May 19th. Barclays reissued an "overweight" rating on shares of Marvell Technology in a research note on Thursday. Bank of America upped their price objective on shares of Marvell Technology from $240.00 to $365.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 target price on shares of Marvell Technology in a report on Wednesday, August 12th. Finally, Citigroup lifted their target price on shares of Marvell Technology from $225.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $253.61.

More Marvell Technology News

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

• Positive Sentiment: Marvell’s expanded agreement with Alphabet’s Google covers custom silicon tied to Google’s Tensor Processing Unit ecosystem, including inference accelerators, storage and networking products, and memory controllers. Analysts view the deal as a major validation of Marvell’s AI infrastructure strategy and a potential long-term growth catalyst. Marvell Constructs an AI Moat With Alphabet Warrants
• Positive Sentiment: The agreement could generate as much as $120 billion in cumulative Google-related chip purchases through fiscal 2033 if all milestones are reached. JPMorgan, Wedbush, Stifel, William Blair and RBC remain constructive, with RBC reaffirming an Outperform rating and a $360 price target. Marvell’s Google AI Deal Could Unlock a $120 Billion Opportunity
• Neutral Sentiment: Investor attention is shifting to Marvell’s August 27 earnings report. The options market implies a potentially large post-earnings move, while analysts expect continued data-center momentum and possible upside to guidance. Marvell Stock Could Swing More Than 12% on Earnings
• Negative Sentiment: The primary pressure is potential dilution. Marvell granted Google warrants for approximately 58.97 million shares—roughly 6% to 7% of shares outstanding—with most warrants vesting in tranches tied to Google purchases. Although the structure links dilution to future revenue, investors are focusing on the near-term increase in share count and uncertainty over whether the full $120 billion opportunity will materialize. Google’s Marvell Warrant Does Not Fully Vest Until Google Buys $120 Billion of Chips
• Negative Sentiment: Valuation concerns have intensified after Marvell’s sharp rally. With a high earnings multiple, the stock needs strong execution and raised guidance to justify expectations. Competition with Broadcom and other potential Google silicon suppliers also makes the revenue outlook less certain. Marvell Stock Forecast: Valuation Concerns Persist Ahead of Earnings

Marvell Technology Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company's product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell's technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.

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