N10 Assets LLC Makes New $12.27 Million Investment in Marvell Technology, Inc. $MRVL

Key Points

• N10 Assets LLC acquired 46,425 Marvell shares worth approximately $12.27 million in the third quarter, making Marvell its ninth-largest holding. Institutional investors collectively own 83.51% of the company.
• Marvell’s shares fell 6.5% to $251.38, despite quarterly revenue rising 36.5% year over year to $2.74 billion and EPS of $0.94 topping estimates. The company also declared a quarterly dividend of $0.06 per share.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $320.82, while insiders sold 46,100 shares worth roughly $10.2 million over the past 90 days.

N10 Assets LLC acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 46,425 shares of the semiconductor company's stock, valued at approximately $12,266,000. Marvell Technology comprises approximately 4.5% of N10 Assets LLC's holdings, making the stock its 9th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Generate Investment Management Ltd acquired a new position in Marvell Technology during the 3rd quarter worth approximately $26,199,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Marvell Technology in the 3rd quarter valued at approximately $76,000. MinichMacGregor Wealth Management LLC bought a new position in Marvell Technology in the 3rd quarter valued at approximately $253,000. First Citizens Bank & Trust Co. bought a new position in Marvell Technology in the 3rd quarter valued at approximately $5,627,000. Finally, Fearless Solutions LLC dba Best Invest acquired a new stake in Marvell Technology in the third quarter valued at approximately $286,000. 83.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Chris Koopmans sold 10,000 shares of the business's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $262.05, for a total value of $2,620,500.00. Following the sale, the chief operating officer owned 207,941 shares of the company's stock, valued at $54,490,939.05. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Justin Scarpulla sold 1,100 shares of the 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 sale, the chief accounting officer owned 909 shares of the company's stock, valued at $248,693.31. The trade was a 54.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,100 shares of company stock valued at $10,205,174 over the last 90 days. 0.12% of the stock is owned by insiders.

Marvell Technology Trading Down 6.5%

NASDAQ MRVL traded down $17.35 during trading hours on Wednesday, reaching $251.38. The company's stock had a trading volume of 10,495,767 shares, compared to its average volume of 27,473,814. The firm has a fifty day simple moving average of $239.66 and a 200-day simple moving average of $213.96. The stock has a market cap of $220.44 billion, a P/E ratio of 83.18, a P/E/G ratio of 7.92 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 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 posted its 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. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period last year, the company earned $0.67 EPS. The firm's revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on MRVL. UBS Group boosted their target price on shares of Marvell Technology from $335.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, October 7th. Jefferies Financial Group upped their price target on shares of Marvell Technology from $325.00 to $450.00 and gave the stock a "buy" rating in a report on Tuesday, October 6th. Rosenblatt Securities increased their price target on Marvell Technology from $240.00 to $300.00 and gave the company a "buy" rating in a research note on Tuesday, August 25th. Seaport Research Partners began coverage on Marvell Technology in a research note on Tuesday, September 22nd. They issued a "buy" rating and a $270.00 price target for the company. Finally, DA Davidson set a $225.00 price objective on Marvell Technology in a report on Tuesday, August 18th. Two research 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $320.82.

Trending Headlines about Marvell Technology

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 Wall Street’s roughly $18.2 billion consensus, and outlined a potential fiscal 2031 revenue opportunity of $70 billion to $90 billion. The outlook is being driven by AI connectivity, optical products and custom silicon, with management targeting 44%-46% operating margins and free-cash-flow margins above 36% by fiscal 2031. Marvell: A Strong Buy With a $90 Billion Opportunity
• Positive Sentiment: Analysts highlighted a potentially significant custom-chip program, including Microsoft’s Maia 300 AI effort. Custom silicon revenue has not yet fully appeared in Marvell’s financial results, creating a possible future growth catalyst for the data-center business. Marvell Stock Is on a Bad Run but Microsoft’s New AI Chips Can Revive It
• Positive Sentiment: The company expanded its connectivity portfolio with a 3.2T protocol-aware retimer and a second-generation 1.6T active electrical-cable DSP, products designed for higher bandwidth and power efficiency in AI data centers. Marvell also introduced six-channel CXL 3.2 memory expanders for AI inference. Marvell Bolsters Connectivity Portfolio
• Positive Sentiment: Erste Group raised its fiscal 2028 EPS estimate to $6.10 from $5.38, while several articles noted that analysts remain favorable toward Marvell’s AI and networking prospects. Erste Group Raises Marvell EPS Estimate
• Neutral Sentiment: Marvell and Microsoft, along with Oracle, formed an Open Compute Project working group to standardize security hardware for hyperscale data centers. The announcement may support Marvell’s ecosystem position but does not provide immediate financial guidance. Marvell, Microsoft and Oracle Establish OCP Working Group
• Negative Sentiment: Short-term pressure reflects profit-taking after Marvell’s sharp year-to-date advance, broader selling in AI chip stocks and reports of insider selling. With a high valuation, investors appear to be demanding substantial execution against the newly increased forecasts. Marvell Stock Price Down After Insider Selling

Marvell Technology 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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