Marvell Technology, Inc. $MRVL Position Lowered by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management cut its Marvell position by 42.9% in the second quarter, selling 361,257 shares and retaining 480,456 shares valued at approximately $143.1 million. Institutional investors and hedge funds still own 83.51% of the company.
• Marvell reported quarterly revenue of $2.74 billion, up 36.5% year over year, and earnings of $0.94 per share, narrowly exceeding analyst estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $271.12.
• AI infrastructure demand remains a key growth driver, supported by Marvell’s new 2nm optical platform and custom AI-chip programs, but the stock’s elevated valuation and weaker profitability compared with peers present significant risks.

Envestnet Asset Management Inc. lowered its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 42.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 480,456 shares of the semiconductor company's stock after selling 361,257 shares during the quarter. Envestnet Asset Management Inc. owned about 0.05% of Marvell Technology worth $143,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp lifted its holdings in Marvell Technology by 79.3% in the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company's stock valued at $12,462,011,000 after acquiring an additional 18,495,866 shares during the last quarter. Silicon Valley Capital Partners lifted its position in Marvell Technology by 8.6% in the second quarter. Silicon Valley Capital Partners now owns 35,015 shares of the semiconductor company's stock valued at $10,430,000 after buying an additional 2,780 shares during the last quarter. Altar Rock LLC purchased a new position in Marvell Technology during the second quarter worth about $234,000. Anchor Investment Management LLC increased its position in shares of Marvell Technology by 60.4% during the second quarter. Anchor Investment Management LLC now owns 1,078 shares of the semiconductor company's stock valued at $321,000 after acquiring an additional 406 shares during the last quarter. Finally, Revere Asset Management Inc acquired a new position in shares of Marvell Technology in the 2nd quarter worth approximately $7,179,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

More Marvell Technology News

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

• Positive Sentiment: Marvell announced a quarterly dividend of $0.06 per share, payable October 29 to shareholders of record as of October 9. The payment provides a modest income component and signals continued confidence in cash generation. Marvell Technology, Inc. Declares Quarterly Dividend Payment
• Positive Sentiment: Recent coverage highlighted Marvell’s newly unveiled 2nm optical platform for AI data centers. The technology is intended to improve bandwidth and power efficiency, strengthening the company’s positioning in high-speed connectivity and custom AI infrastructure. Marvell Just Unveiled a 2nm Breakthrough for AI Data Centers
• Positive Sentiment: Analyst and media coverage remains constructive on Marvell’s data-center growth prospects. Seaport Global initiated coverage with a Buy rating, while other reports pointed to ongoing demand from hyperscalers and custom AI-chip programs as potential drivers for further gains. Seaport Global initiates coverage of Marvell Technology with buy rating
• Neutral Sentiment: Marvell’s 203% year-to-date advance has made the upcoming investor day an important catalyst. Investors will look for evidence that AI-related growth and future cash flows can support the company’s elevated valuation. Marvell’s 203% YTD Surge Sets High Bar but We See More Runway Ahead
• Negative Sentiment: Valuation is the main risk: Marvell trades at a significant premium to Broadcom and has already priced in substantial AI growth. Comparisons with NVIDIA also show weaker margins, profitability and return on equity, leaving the stock vulnerable if demand or execution disappoints. Broadcom vs. Marvell: Which Custom AI Chip Stock Has the Better Risk-Reward?

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MRVL. Piper Sandler assumed coverage on Marvell Technology in a research report on Wednesday, September 9th. They issued an "overweight" rating and a $270.00 target price on the stock. Erste Group Bank downgraded Marvell Technology from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Morgan Stanley lifted their target price on Marvell Technology from $246.00 to $268.00 and gave the company an "equal weight" rating in a research report on Monday. Loop Capital raised shares of Marvell Technology to a "strong-buy" rating in a research report on Tuesday, June 16th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $300.00 price objective on shares of Marvell Technology in a report on Friday, August 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.12.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $261.93 on Friday. The stock has a market cap of $229.69 billion, a P/E ratio of 86.45, a P/E/G ratio of 2.50 and a beta of 2.25. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88. The stock has a 50 day moving average of $221.27 and a two-hundred day moving average of $198.01. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the company posted $0.67 earnings per share. The business's 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 forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the sale, the chief operating officer directly owned 227,941 shares in the company, valued at approximately $41,143,350.50. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total value of $1,675,425.00. Following the completion of the sale, the chief executive officer owned 775,686 shares in the company, valued at approximately $173,280,495.54. This represents a 0.96% 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. Over the last ninety days, insiders have sold 45,000 shares of company stock worth $10,102,925. Corporate insiders own 0.12% of the company's stock.

Marvell Technology Company Profile

Marvell Technology, Inc NASDAQ: MRVL is a semiconductor company that develops infrastructure solutions for data centers, cloud computing, communications networks, automotive applications and enterprise environments. Its products are designed to move, process, secure and store data across increasingly complex computing and networking systems.

The company's portfolio includes networking and switching products, optical and electrical interconnect solutions, custom application-specific integrated circuits, storage controllers and processors.

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