Marvell Technology, Inc. $MRVL Shares Newly Bought by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management bought 12,112 Marvell shares worth approximately $3.2 million in the third quarter, while other institutions also initiated positions. Institutional investors now own 83.51% of MRVL.
• Marvell raised its fiscal 2028 revenue target to about $20 billion and identified a potential $70 billion–$90 billion opportunity by fiscal 2031, supported by growth in custom AI silicon, connectivity and optical products.
• Despite a broadly positive analyst outlook and a consensus “Moderate Buy” rating with a $327.36 average price target, shares fell 4% to $235.57 amid valuation concerns, profit-taking and insider selling.

WealthPlan Investment Management LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,112 shares of the semiconductor company's stock, valued at approximately $3,200,000.

A number of other institutional investors have also modified their holdings of the company. Purus Wealth Management LLC acquired a new stake in Marvell Technology during the 3rd quarter valued at approximately $486,000. SBE LLC DBA Cedar Cove Wealth Partners acquired a new stake in Marvell Technology during the third quarter valued at $464,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Marvell Technology in the third quarter worth about $445,000. Nvwm LLC purchased a new stake in shares of Marvell Technology during the 3rd quarter worth about $1,904,000. Finally, HBW Advisory Services LLC acquired a new stake in shares of Marvell Technology during the 3rd quarter valued at about $698,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell raised its fiscal 2028 revenue target to approximately $20 billion, above the roughly $18.2 billion consensus estimate, and outlined a potential $70 billion–$90 billion revenue opportunity by fiscal 2031. Those targets reinforce the long-term growth case for custom silicon, connectivity and optical products. Marvell Raises Its 2028 Revenue Target to $20 Billion
• Positive Sentiment: The company introduced new 3.2-terabit protocol-aware retimer and 1.6-terabit active electrical-cable DSP products, expanding its connectivity portfolio for AI data centers. Marvell also formed a hardware-security standards group with Microsoft and Oracle and unveiled six-channel CXL memory expansion solutions. Marvell Bolsters Connectivity Portfolio
• Positive Sentiment: Analyst commentary remains broadly supportive, highlighting consistent revenue growth, Marvell’s exposure to custom AI silicon and a potentially expanding Microsoft AI-chip opportunity. Erste Group also raised its fiscal 2028 earnings estimate to $6.10 per share from $5.38, although it maintained a Hold rating. Marvell: Buy For The Connectivity, Stay For The Custom Silicon
• Neutral Sentiment: Marvell’s optical business could become a significant long-term growth driver, but current results have not yet fully reflected that opportunity, leaving investors dependent on future execution. Marvell’s Optical Business Could Win Long Term
• Negative Sentiment: A hotter-than-expected inflation reading and signs of slowing Anthropic revenue growth extended the technology and AI selloff, weighing on Marvell along with other semiconductor stocks. Stocks That Explain Today’s Market
• Negative Sentiment: After rising more than 200% in 2026, Marvell faces profit-taking and valuation concerns. Commentary increasingly contrasts the stock’s premium with Broadcom’s larger, more diversified and cash-generative business. Insider-selling reports add another near-term overhang. Take Profits on MRVL Stock or Hold On

Wall Street Analyst Weigh In

Several brokerages have commented on MRVL. HC Wainwright reissued a "buy" rating on shares of Marvell Technology in a report on Tuesday, August 25th. Barclays reiterated an "overweight" rating on shares of Marvell Technology in a report on Thursday, August 20th. Citigroup boosted their price objective on Marvell Technology from $225.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 21st. Seaport Research Partners assumed coverage on Marvell Technology in a report on Tuesday, September 22nd. They set a "buy" rating and a $270.00 target price for the company. Finally, Evercore restated an "outperform" rating and issued a $433.00 target price on shares of Marvell Technology in a research report on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology presently has a consensus rating of "Moderate Buy" and an average target price of $327.36.

Insiders Place Their Bets

In other news, CAO Justin Scarpulla sold 1,100 shares of the company's stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the sale, the chief accounting officer owned 909 shares of the company's stock, valued at approximately $248,693.31. This represents a 54.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Murphy sold 7,500 shares of the business's stock in a transaction 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 transaction, the chief executive officer directly owned 775,686 shares of the company's stock, valued at $173,280,495.54. The trade was 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 46,100 shares of company stock worth $10,205,174 over the last 90 days. Corporate insiders own 0.12% of the company's stock.

Marvell Technology Trading Down 4.0%

Shares of Marvell Technology stock traded down $9.71 during trading hours on Thursday, hitting $235.57. The company's stock had a trading volume of 14,521,726 shares, compared to its average volume of 27,486,777. The stock has a market cap of $206.57 billion, a price-to-earnings ratio of 77.60, a P/E/G ratio of 8.01 and a beta of 2.26. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88. The firm has a fifty day moving average of $240.34 and a 200-day moving average of $215.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The company's quarterly revenue was up 36.5% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Research analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology's dividend payout ratio is 7.92%.

Marvell Technology Company Profile

Marvell Technology, Inc NASDAQ: MRVL is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

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

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