Bank of New York Mellon Corp Has $2.37 Billion Stake in Marvell Technology, Inc. $MRVL

Key Points

• Bank of New York Mellon increased its Marvell stake by 153.3% in the second quarter, purchasing 4.82 million additional shares and bringing its holdings to 7.96 million shares valued at $2.37 billion.
• Marvell reported quarterly revenue of $2.42 billion, up 27.6% year over year, while earnings matched estimates at $0.80 per share. The stock was trading at $251.01, with a market capitalization of about $219.6 billion and a P/E ratio near 86.
• Analysts maintain a generally positive view, with the stock receiving a consensus “Moderate Buy” rating and an average price target of $250.27. Recent momentum is supported by Marvell’s Google AI-chip agreement, which analysts see as a significant long-term growth catalyst.

Bank of New York Mellon Corp raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 153.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,957,985 shares of the semiconductor company's stock after buying an additional 4,815,725 shares during the quarter. Bank of New York Mellon Corp owned 0.91% of Marvell Technology worth $2,370,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MRVL. Tompkins Financial Corp bought a new position in Marvell Technology during the second quarter valued at approximately $31,000. LifeSteps Financial Inc. bought a new position in Marvell Technology during the second quarter valued at about $32,000. Signature Resources Capital Management LLC bought a new position in Marvell Technology during the second quarter valued at about $43,000. Financial Management Professionals Inc. acquired a new stake in shares of Marvell Technology in the second quarter worth about $54,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Marvell Technology in the second quarter worth about $60,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marvell Technology

In other news, CEO Matthew J. Murphy sold 7,500 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the sale, the chief executive officer directly owned 783,186 shares in the company, valued at approximately $184,894,550.88. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of the company's stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the completion of the transaction, the chief financial officer owned 6,902 shares of the company's stock, valued at $1,939,531.02. The trade was a 24.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 41,981 shares of company stock worth $9,753,132. Insiders own 0.12% of the company's stock.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $251.01 on Friday. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The business's 50 day moving average is $234.59 and its two-hundred day moving average is $170.57. The company has a market cap of $219.58 billion, a P/E ratio of 85.96, a P/E/G ratio of 1.48 and a beta of 2.24. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88.

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 company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The company's quarterly revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, equities analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. BMO Capital Markets initiated coverage on Marvell Technology in a report on Thursday. They set an "outperform" rating and a $250.00 price objective on the stock. Scotiabank initiated coverage on Marvell Technology in a report on Tuesday, May 26th. They issued an "outperform" rating for the company. DA Davidson set a $225.00 price target on Marvell Technology in a report on Tuesday. Royal Bank Of Canada reissued an "outperform" rating and issued a $360.00 price target on shares of Marvell Technology in a research report on Thursday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Marvell Technology in a research note on Wednesday, June 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Marvell Technology currently has a consensus rating of "Moderate Buy" and an average price target of $250.27.

More Marvell Technology News

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

• Positive Sentiment: Marvell agreed to develop custom silicon connected to Google’s Tensor Processing Unit ecosystem, including inference accelerators, storage and networking controllers, and memory-interface products. The deal broadens Marvell’s role in Google’s AI infrastructure and could challenge Broadcom’s long-standing position as Google’s primary custom-chip partner. Marvell pops on AI chip deal
• Positive Sentiment: Google received warrants to purchase up to approximately 58.97 million Marvell shares at $206.58 each, potentially representing about 6.7% of shares outstanding and roughly $12.2 billion in value. The warrants vest in stages based on Google’s purchases, aligning Google’s future AI-chip spending with Marvell’s growth. Marvell shares jump as Google warrant deepens partnership
• Positive Sentiment: Analysts described the agreement as a major long-term catalyst. JPMorgan sees a potential $120 billion cumulative opportunity through fiscal 2033, while RBC reaffirmed an Outperform rating with a $360 price target. Stifel and William Blair also issued or maintained Buy recommendations. Marvell’s Google AI deal could unlock opportunity
• Positive Sentiment: Technical momentum also improved after MRVL reclaimed its 50-day moving average, supporting a bullish-trend thesis and forecasts for a possible move toward $300. Marvell overtakes 50-day moving average

Marvell Technology Company 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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