Marvell Technology, Inc. $MRVL Shares Newly Purchased by Soltis Investment Advisors LLC

Key Points

• Soltis Investment Advisors acquired 6,636 Marvell shares in the third quarter, valued at approximately $1.75 million. Institutional investors and hedge funds collectively own 83.51% of MRVL.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $327.36; Wells Fargo recently raised its target to $365.
• Marvell’s latest quarterly results modestly exceeded estimates, with $0.94 in adjusted EPS and $2.74 billion in revenue, while investors continue to weigh its AI-driven growth prospects, potential Lumentum acquisition, and associated dilution and valuation risks.

Soltis Investment Advisors LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,636 shares of the semiconductor company's stock, valued at approximately $1,753,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Marvell Technology by 34.1% during the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company's stock worth $25,511,649,000 after buying an additional 21,798,190 shares during the period. State Street Corp raised 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 in the last quarter. Bank of America Corp DE purchased a new position in Marvell Technology in the second quarter worth approximately $2,607,795,000. Legal & General Group Plc purchased a new position in Marvell Technology in the second quarter worth approximately $1,742,526,000. Finally, Bank of New York Mellon Corp lifted its stake 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 worth $2,370,604,000 after acquiring an additional 4,815,725 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on MRVL shares. DA Davidson set a $225.00 price objective on shares of Marvell Technology in a research report on Tuesday, August 18th. HC Wainwright restated a "buy" rating on shares of Marvell Technology in a report on Tuesday, August 25th. Wells Fargo & Company lifted their price objective on shares of Marvell Technology from $310.00 to $365.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 7th. Weiss Ratings upgraded shares of Marvell Technology from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, October 2nd. Finally, Rosenblatt Securities set a $300.00 target price on Marvell Technology in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $327.36.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $196.40 on Friday. The firm has a market capitalization of $172.22 billion, a P/E ratio of 64.82, a P/E/G ratio of 6.51 and a beta of 2.26. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The firm's 50 day moving average is $242.61 and its two-hundred day moving average is $182.37.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share 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 the consensus estimate of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The company's revenue was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. 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 fiscal year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were given 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 was Friday, October 9th. Marvell Technology's dividend payout ratio (DPR) is 7.92%.

Insider Activity at Marvell Technology

In other Marvell Technology news, CAO Justin Scarpulla sold 1,100 shares of the company's stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total value of $300,949.00. Following the completion of the transaction, the chief accounting officer owned 909 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $262.05, for a total value of $2,620,500.00. Following the transaction, the chief operating officer directly owned 207,941 shares in the company, valued at approximately $54,490,939.05. The trade was a 4.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,285 shares of company stock valued at $12,837,063 over the last quarter. 0.12% of the stock is owned by insiders.

Key Marvell Technology News

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

• Positive Sentiment: Strategic rationale for Lumentum: Marvell is reportedly in advanced talks to acquire optical-components maker Lumentum NASDAQ: LITE. The deal could give Marvell direct access to scarce indium phosphide laser manufacturing capacity, strengthen its optical networking business, and improve its position in the fast-growing co-packaged optics market. Both companies also have strategic relationships with NVIDIA. Reuters article on Marvell’s Lumentum talks
• Positive Sentiment: Long-term AI growth remains intact: Marvell’s custom silicon, networking, and optical-interconnect businesses are positioned to benefit from continued hyperscaler and AI data-center investment. Recent coverage highlights management’s ambitious fiscal 2028 revenue target and a potential path toward substantially higher earnings by 2030. Analysts also expect double-digit bottom-line growth in the upcoming quarter. Marvell earnings preview
• Neutral Sentiment: Investors are awaiting earnings: Marvell is scheduled to report its fiscal third-quarter results soon. The report and management’s outlook could clarify demand trends, hyperscaler spending, and whether the company’s AI growth targets justify its elevated valuation. Earnings report preview
• Negative Sentiment: Potential deal dilution and valuation risk: Lumentum’s market value has surged to roughly $83 billion, and reports indicate a potential all-stock transaction. Investors fear Marvell could issue a substantial amount of shares, dilute existing ownership, and overpay for a company with comparatively modest current operating income. The market’s negative reaction reflects uncertainty over whether the acquisition would be earnings-accretive. TheStreet analysis of the proposed deal
• Negative Sentiment: Sector-wide AI spending concerns: Weakness across Broadcom, Qualcomm, Arm, Lumentum, Coherent, and other optics suppliers suggests investors are reassessing the pace and returns of hyperscaler AI infrastructure spending. These concerns are adding pressure to MRVL beyond the company-specific acquisition rumors. AI optics sector selloff article

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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