Primecap Management Co. CA purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,757,995 shares of the semiconductor company's stock, valued at approximately $821,579,000. Primecap Management Co. CA owned about 0.32% of Marvell Technology at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company's stock valued at $25,511,649,000 after buying an additional 21,798,190 shares during the period. State Street Corp increased its position in shares of Marvell Technology by 7.9% during the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company's stock worth $1,940,503,000 after acquiring an additional 1,677,724 shares during the period. Geode Capital Management LLC increased its position in shares of Marvell Technology by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company's stock worth $1,025,185,000 after acquiring an additional 97,624 shares during the period. Norges Bank bought a new stake in shares of Marvell Technology during the fourth quarter valued at approximately $895,455,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Marvell Technology by 11.4% in the fourth quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company's stock valued at $838,286,000 after purchasing an additional 1,007,315 shares during the period. Institutional investors own 83.51% of the company's stock.
More Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Google custom-chip agreement boosts AI expectations. Articles highlighted Marvell’s reported agreement with Google, including approximately $12.19 billion in share warrants, as evidence that the company is gaining traction as a hyperscaler custom-AI-chip partner. The deal could improve customer diversification and provide growth tied to future Google TPU deployments. Marvell Is Partnering With Google to Create Custom Chips
- Positive Sentiment: Analysts raised targets ahead of earnings. Susquehanna lifted its price target from $230 to $265 with a positive rating, while Rosenblatt raised its target from $240 to $300 and retained a buy rating. Wells Fargo has also reportedly set a $310 target, reflecting expectations for continued AI networking and data-center growth. Susquehanna Raises Marvell Target
- Positive Sentiment: Strong results and guidance are anticipated. Wall Street expects roughly $0.93 in adjusted EPS on $2.7 billion of revenue for fiscal Q2 2027. Investors are also speculating that Marvell could raise its outlook again, following previous guidance increases and ongoing demand for custom chips, networking products, and data-center infrastructure. Marvell AI-Fueled Rally Preview
- Neutral Sentiment: Earnings volatility is likely to remain high. Options traders are pricing in an unusually large move around the August 27 report, making the earnings release and management’s commentary on the Google partnership particularly important for near-term direction. Marvell Options Traders Expect a Large Earnings Move
- Negative Sentiment: Valuation and execution risks remain. Analysts cautioned that MRVL’s sharp 2026 rally has left the stock priced for strong execution. Competition in custom silicon and networking, the need for Google deal details, and potential dilution from the warrants could limit gains if results or guidance disappoint. Marvell Stock Has Run Ahead of Fundamentals
Wall Street Analyst Weigh In
Several brokerages recently issued reports on MRVL. Needham & Company LLC increased their price objective on Marvell Technology from $118.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. William Blair reaffirmed an "outperform" rating on shares of Marvell Technology in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 target price on shares of Marvell Technology in a report on Thursday, May 28th. Oppenheimer raised their price target on Marvell Technology from $250.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, August 20th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Marvell Technology in a report on Wednesday, June 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $258.42.
Check Out Our Latest Analysis on Marvell Technology
Insider Buying and Selling
In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $236.08, for a total value of $1,770,600.00. Following the transaction, the chief executive officer owned 783,186 shares in the company, valued at $184,894,550.88. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of the business's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total transaction of $632,272.50. Following the completion of the transaction, the chief financial officer owned 6,902 shares of the company's stock, valued at $1,939,531.02. This represents a 24.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 41,981 shares of company stock worth $9,753,132 in the last three months. 0.12% of the stock is owned by company insiders.
Marvell Technology Stock Performance
Shares of NASDAQ:MRVL opened at $240.38 on Wednesday. The firm has a 50 day moving average of $231.37 and a 200 day moving average of $173.94. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $210.28 billion, a price-to-earnings ratio of 82.32, a price-to-earnings-growth ratio of 1.43 and a beta of 2.24. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88.
Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter last year, the firm earned $0.62 EPS. The business's revenue for the quarter was up 27.6% on a year-over-year basis. On average, sell-side analysts predict that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.
Marvell Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were paid 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 was Friday, July 10th. Marvell Technology's dividend payout ratio is 8.22%.
Marvell Technology Company Profile
(
Free Report)
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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