Equitable Holdings Inc. Buys New Stake in Marvell Technology, Inc. $MRVL

Equitable Holdings Inc. purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 65,521 shares of the semiconductor company's stock, valued at approximately $19,518,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Marvell Technology by 34.1% in the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company's stock valued at $25,511,649,000 after buying an additional 21,798,190 shares in the last quarter. Norges Bank acquired a new position in Marvell Technology during the 4th quarter worth approximately $895,455,000. Bank of America Corp DE acquired a new position in Marvell Technology during the 2nd quarter worth approximately $2,607,795,000. Legal & General Group Plc purchased a new position in Marvell Technology in the 2nd quarter worth approximately $1,742,526,000. Finally, Bank of New York Mellon Corp grew its position in Marvell Technology by 153.3% in the second 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 acquiring an additional 4,815,725 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi sold 2,231 shares of the business'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 value of $667,359.03. Following the completion of the sale, the insider directly owned 55,530 shares in the company, valued at approximately $16,610,688.90. The trade was a 3.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, CFO Daniel Durn sold 2,250 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 6,902 shares in the company, valued at approximately $1,939,531.02. This represents a 24.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,981 shares of company stock worth $9,753,132 in the last quarter. Insiders own 0.12% of the company's stock.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell reported adjusted earnings of $0.94 per share, ahead of the approximately $0.92–$0.93 consensus, while revenue reached about $2.74 billion, slightly above estimates. Revenue increased 37% year over year, supported by strong demand for AI infrastructure. Marvell Technology Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Data-center revenue reportedly jumped 46%, highlighting accelerating demand for Marvell’s custom silicon and optical networking products used in AI data centers. The company also raised its full-year and next-year revenue outlooks, reinforcing the long-term AI growth story. Marvell Sees Accelerating Growth as AI Demand Boosts Second-Quarter Profit and Revenue
• Positive Sentiment: Third-quarter fiscal 2027 guidance calls for adjusted EPS of $1.05–$1.15, above the $1.03 consensus, and revenue of $3.0–$3.3 billion. The forecast indicates continued sequential growth in AI-related demand. Marvell Technology Forecasts Quarterly Revenue Above Estimates
• Neutral Sentiment: Investors were focused on visibility into Marvell’s recently announced multibillion-dollar custom-chip agreement with Google, including the timing of revenue contribution and the impact of related warrants. The earnings release did not appear to provide a sufficiently large near-term surprise to reset expectations.
• Negative Sentiment: The earnings beats were narrow, and management’s forecast provided limited upside relative to elevated Wall Street expectations. With MRVL priced for exceptional AI growth, traders treated the results as “good, but not good enough,” prompting a post-earnings selloff. Marvell Is Boosting Its Forecasts, but That’s Not Enough to Lift Its Stock

Marvell Technology Price Performance

MRVL opened at $241.45 on Friday. The company has a market capitalization of $211.22 billion, a P/E ratio of 82.69, a PEG ratio of 1.53 and a beta of 2.24. The company has a 50-day moving average of $229.10 and a 200-day moving average of $176.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. The business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.72 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company's quarterly revenue was up 36.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were issued a dividend of $0.06 per share. 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 (DPR) is currently 8.22%.

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of recent research reports. B. Riley Financial reissued a "buy" rating on shares of Marvell Technology in a research report on Wednesday, August 19th. BMO Capital Markets assumed coverage on shares of Marvell Technology in a report on Thursday, August 20th. They set an "outperform" rating and a $250.00 price target for the company. Melius Research set a $220.00 price target on shares of Marvell Technology in a research note on Monday, May 18th. Erste Group Bank cut shares of Marvell Technology from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Finally, Citigroup raised their target price on Marvell Technology from $225.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 21st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $258.42.

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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