Brighton Jones LLC Makes New $2.72 Million Investment in Marvell Technology, Inc. $MRVL

Key Points

• Brighton Jones LLC acquired a new Marvell Technology stake in the third quarter, buying 10,289 shares valued at approximately $2.72 million.
• Other institutional investors also initiated positions, and institutions and hedge funds now own 83.51% of Marvell shares.
• Marvell faces investor concern over its reported $115 billion all-stock acquisition of Lumentum, while insiders sold 57,285 shares worth about $12.9 million over the past 90 days; some sales were under pre-arranged plans, including one to cover tax withholding.

Brighton Jones LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,289 shares of the semiconductor company's stock, valued at approximately $2,719,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MRVL. Candriam S.C.A. acquired a new stake in Marvell Technology in the 3rd quarter worth about $115,140,000. Kimelman & Baird LLC bought a new position in shares of Marvell Technology during the third quarter worth about $62,682,000. Uhlmann Price Securities LLC bought a new position in Marvell Technology in the 3rd quarter worth approximately $793,000. Ethic Inc. acquired a new position in shares of Marvell Technology during the third quarter valued at $23,739,000. Finally, 180 Wealth Advisors LLC acquired a new position in shares of Marvell Technology during the third quarter valued at approximately $3,207,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marvell Technology

In related news, insider Sandeep Bharathi sold 3,685 shares of the firm's stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Marvell Technology stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 775,686 shares of the company's stock, valued at $173,280,495.54. This trade 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. Insiders sold a total of 57,285 shares of company stock worth $12,901,763 in the last ninety days. 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

Wall Street Analysts Forecast Growth

Several brokerages have commented on MRVL. Arete Research upgraded shares of Marvell Technology to a "strong-buy" rating in a research report on Friday, October 16th. Needham & Company LLC dropped their target price on shares of Marvell Technology from $400.00 to $300.00 and set a "buy" rating on the stock in a report on Tuesday, November 3rd. Jefferies Financial Group increased their target price on shares of Marvell Technology from $325.00 to $450.00 and gave the company a "buy" rating in a research note on Tuesday, October 6th. Piper Sandler restated an "overweight" rating on shares of Marvell Technology in a report on Thursday, October 29th. Finally, Wolfe Research lifted their price target 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 analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $300.09.

Marvell Technology Stock Performance

MRVL stock opened at $154.60 on Tuesday. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The stock has a market cap of $135.57 billion, a P/E ratio of 51.02, a P/E/G ratio of 4.77 and a beta of 2.32. The firm has a 50 day simple moving average of $233.06 and a 200 day simple moving average of $184.59.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $2.72 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The business's revenue for the quarter was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Research analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were issued a $0.06 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. Marvell Technology's dividend payout ratio is currently 7.92%.

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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