Crossmark Global Holdings Inc. Purchases New Shares in Marvell Technology, Inc. $MRVL

Key Points

• Crossmark Global Holdings purchased 35,699 Marvell Technology shares worth approximately $9.4 million in the third quarter. Institutional investors collectively own 83.51% of Marvell’s stock.
• Analysts remain broadly optimistic, with Marvell carrying a “Moderate Buy” consensus rating and an average price target of $327.36; several firms recently raised their targets, including JPMorgan to $360.
• Marvell’s AI infrastructure opportunity continues to support the bullish outlook, but supply-chain bottlenecks and a broader semiconductor sell-off have pressured the stock. Shares opened at $223.47, compared with a one-year range of $70.68 to $329.88.

Crossmark Global Holdings Inc. bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 35,699 shares of the semiconductor company's stock, valued at approximately $9,432,000.

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

Key Marvell Technology News

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

• Positive Sentiment: Analysts raised the average price target for Marvell by 11.84% to CHF 267.74, suggesting continued confidence in the company’s growth outlook. Average analyst price target for Marvell Technology increased
• Positive Sentiment: Marvell remains positioned to benefit from AI infrastructure spending through custom silicon, optical connectivity and switching products. Analysts and bullish commentators point to ambitious revenue targets and expanding data-center opportunities as potential long-term catalysts. MRVL Taps Into AI Infrastructure Growth
• Positive Sentiment: Marvell was included among non-Nvidia chip stocks viewed as potential beneficiaries of rising demand for custom AI processors. The company also received approximately $116.4 million of net ETF buying on October 19, indicating institutional demand. Four Non-Nvidia Chip Stocks
• Neutral Sentiment: Marvell previously outperformed the broader market in the latest reported session, while bullish analyses argue that the recent volatility does not undermine the company’s longer-term AI opportunity. Marvell Stock Is Bouncing Back
• Negative Sentiment: A supply warning from a semiconductor equipment maker intensified concerns about bottlenecks and near-term chip demand, triggering a broad technology and AI-related semiconductor sell-off. Marvell, as a data-center-focused chip designer, was among the stocks hit hardest. Chip Stocks Fall as Supply Warning Deepens AI Selloff
• Negative Sentiment: Reports specifically cited supply-chain bottlenecks as an additional pressure on Marvell, reinforcing investor concerns about execution and the timing of AI infrastructure growth. Marvell Feels Supply Chain Bottlenecks Pressure

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 dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the transaction, the chief operating officer owned 227,941 shares of the company's stock, valued at $41,143,350.50. This trade represents a 4.20% decrease in their position. 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. Insiders sold a total of 57,285 shares of company stock valued at $12,837,063 over the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Seaport Research Partners started coverage on Marvell Technology in a research note on Tuesday, September 22nd. They set a "buy" rating and a $270.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Marvell Technology from $305.00 to $360.00 and gave the company an "overweight" rating in a research note on Wednesday, October 7th. Rosenblatt Securities increased their price target on Marvell Technology from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, August 25th. DA Davidson set a $225.00 price target on Marvell Technology in a report on Tuesday, August 18th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $270.00 price objective on shares of Marvell Technology in a research report on Wednesday, October 7th. Three 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $327.36.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $223.47 on Friday. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88. The firm has a market capitalization of $195.96 billion, a price-to-earnings ratio of 73.75, a PEG ratio of 7.30 and a beta of 2.26. The business has a 50-day simple moving average of $242.85 and a 200 day simple moving average of $220.72. 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 (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the company earned $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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be paid a $0.06 dividend. 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 7.92%.

Marvell Technology Profile

Marvell Technology, Inc NASDAQ: MRVL is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company's portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.

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