Oppenheimer & Co. Inc. Has $83.54 Million Stake in Marvell Technology, Inc. $MRVL

Oppenheimer & Co. Inc. lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 17.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 280,433 shares of the semiconductor company's stock after selling 61,292 shares during the period. Marvell Technology makes up 0.9% of Oppenheimer & Co. Inc.'s portfolio, making the stock its 21st biggest position. Oppenheimer & Co. Inc.'s holdings in Marvell Technology were worth $83,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Arlington Trust Co LLC raised its position in shares of Marvell Technology by 24.1% in the 2nd quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company's stock valued at $80,000 after acquiring an additional 52 shares during the period. GoalVest Advisory LLC boosted its stake in Marvell Technology by 26.0% during the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company's stock worth $94,000 after acquiring an additional 65 shares during the last quarter. Mayflower Financial Advisors LLC grew its holdings in Marvell Technology by 1.7% during the first quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company's stock valued at $407,000 after purchasing an additional 68 shares during the period. Bell Investment Advisors Inc grew its holdings in Marvell Technology by 12.9% during the first quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company's stock valued at $62,000 after purchasing an additional 72 shares during the period. Finally, HBW Advisory Services LLC increased its stake in Marvell Technology by 3.3% in the second quarter. HBW Advisory Services LLC now owns 2,270 shares of the semiconductor company's stock valued at $676,000 after purchasing an additional 73 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marvell Technology

In other news, insider Sandeep Bharathi sold 2,231 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the sale, the insider directly owned 55,530 shares in the company, valued at $16,610,688.90. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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, COO Chris Koopmans sold 10,000 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00. Following the transaction, the chief operating officer directly owned 227,941 shares of the company's stock, valued at $41,143,350.50. This represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 34,481 shares of company stock valued at $7,982,532 in the last 90 days. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Price Performance

Marvell Technology stock opened at $222.02 on Monday. The company has a 50 day moving average of $237.59 and a 200-day moving average of $166.26. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $329.88. The stock has a market capitalization of $194.22 billion, a PE ratio of 76.03, a price-to-earnings-growth ratio of 1.39 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm's quarterly revenue was up 27.6% on a year-over-year basis. During the same period last year, the business posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, equities research analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology's dividend payout ratio (DPR) is currently 8.22%.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: AI data-center demand supports the long-term outlook. Analysts and investors continue to highlight Marvell’s custom chips, optical networking, memory interconnects and high-speed data-movement products as key beneficiaries of expanding AI clusters. Management has also raised its long-term data-center growth outlook. Down 37% From Its Highs, Is Marvell Technology Stock a Buy on the Dip?
• Positive Sentiment: Wall Street price targets imply additional upside. Goldman Sachs has expressed a preference between Marvell and Nvidia ahead of earnings, while another report said Goldman analyst James Schneider raised Marvell’s 12-month price target. The broader analyst range remains bullish, with a reported median target of $250 and several targets between $300 and $385. Wall Street sets Marvell stock price for the next 12 months
• Positive Sentiment: Nvidia’s $2 billion investment remains a strategic vote of confidence. The investment strengthens Marvell’s profile as an AI-chip and infrastructure partner and is supporting comparisons between the two companies ahead of their earnings reports. NVIDIA Invested $2 Billion in Marvell
• Neutral Sentiment: Upcoming earnings are the immediate catalyst. Marvell’s latest quarter delivered $2.42 billion in revenue, up 27.6% year over year, and adjusted EPS in line with expectations. Investors will look for evidence that AI-related growth can justify the stock’s elevated valuation.
• Negative Sentiment: Insider selling may temper sentiment. QuiverQuant reported 21 insider sales and no purchases during the past six months, including sales by senior executives and the CEO. This does not necessarily signal weakening fundamentals, but it can raise caution after a major share-price advance. Marvell Technology Stock Opinions on AI Infrastructure Expansion

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of recent analyst reports. Evercore reissued an "outperform" rating and set a $155.00 price target on shares of Marvell Technology in a research report on Tuesday, May 19th. Oppenheimer upped their price objective on shares of Marvell Technology from $200.00 to $250.00 and gave the company an "outperform" rating in a research report on Thursday, May 28th. Roth Capital raised their price objective on Marvell Technology from $135.00 to $275.00 and gave the stock a "buy" rating in a research note on Wednesday, May 27th. B. Riley Financial lifted their target price on Marvell Technology from $240.00 to $345.00 and gave the stock a "buy" rating in a report on Friday, June 12th. Finally, Stifel Nicolaus boosted their target price on Marvell Technology from $321.00 to $350.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $245.94.

Marvell Technology Company 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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