Public Employees Retirement System of Ohio Acquires Shares of 341,019 Marvell Technology, Inc. $MRVL

Public Employees Retirement System of Ohio acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 341,019 shares of the semiconductor company's stock, valued at approximately $101,586,000.

Other hedge funds have also made changes to their positions in the company. Focused Wealth Management Inc acquired a new position in Marvell Technology in the 1st quarter worth approximately $608,000. Swedbank AB increased its holdings in Marvell Technology by 2.8% in the first quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company's stock worth $315,925,000 after buying an additional 85,816 shares during the last quarter. Wilson Asset Management International PTY Ltd. raised its holdings in shares of Marvell Technology by 20.4% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company's stock valued at $11,442,000 after purchasing an additional 22,837 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Marvell Technology by 49.7% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company's stock worth $27,105,000 after acquiring an additional 90,800 shares in the last quarter. Finally, Varma Mutual Pension Insurance Co raised its holdings in Marvell Technology by 25.4% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company's stock worth $13,477,000 after acquiring an additional 32,130 shares during the period. Institutional investors own 83.51% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MRVL shares. Roth Capital reiterated a "buy" rating and set a $350.00 price target on shares of Marvell Technology in a report on Thursday, August 20th. BMO Capital Markets started coverage on Marvell Technology in a research note on Thursday, August 20th. They set an "outperform" rating and a $250.00 price target on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of Marvell Technology in a research report on Wednesday, August 19th. Morgan Stanley reaffirmed a "positive" rating on shares of Marvell Technology in a research report on Friday. Finally, Loop Capital upgraded shares of Marvell Technology to a "strong-buy" rating in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $258.42.

Insider Activity at Marvell Technology

In other news, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 783,186 shares of the company's stock, valued at approximately $184,894,550.88. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the business's stock in a transaction on 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 owned 55,530 shares of the company's stock, valued at approximately $16,610,688.90. The trade was a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 41,981 shares of company stock worth $9,753,132. Company insiders own 0.12% of the company's stock.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $241.45 on Friday. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88. The firm's 50-day moving average price is $229.10 and its two-hundred day moving average price is $176.28. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $211.22 billion, a price-to-earnings ratio of 82.69, a P/E/G ratio of 1.53 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.01. The firm had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.72 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business's revenue was up 36.5% on a year-over-year basis. During the same period last year, the firm posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, equities analysts predict that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Marvell Technology News Summary

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

• Positive Sentiment: Marvell reported adjusted earnings of $0.94 per share, ahead of the approximately $0.92–$0.93 consensus, while revenue reached about $2.74 billion, slightly above estimates. Revenue increased 37% year over year, supported by strong demand for AI infrastructure. Marvell Technology Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Data-center revenue reportedly jumped 46%, highlighting accelerating demand for Marvell’s custom silicon and optical networking products used in AI data centers. The company also raised its full-year and next-year revenue outlooks, reinforcing the long-term AI growth story. Marvell Sees Accelerating Growth as AI Demand Boosts Second-Quarter Profit and Revenue
• Positive Sentiment: Third-quarter fiscal 2027 guidance calls for adjusted EPS of $1.05–$1.15, above the $1.03 consensus, and revenue of $3.0–$3.3 billion. The forecast indicates continued sequential growth in AI-related demand. Marvell Technology Forecasts Quarterly Revenue Above Estimates
• Neutral Sentiment: Investors were focused on visibility into Marvell’s recently announced multibillion-dollar custom-chip agreement with Google, including the timing of revenue contribution and the impact of related warrants. The earnings release did not appear to provide a sufficiently large near-term surprise to reset expectations.
• Negative Sentiment: The earnings beats were narrow, and management’s forecast provided limited upside relative to elevated Wall Street expectations. With MRVL priced for exceptional AI growth, traders treated the results as “good, but not good enough,” prompting a post-earnings selloff. Marvell Is Boosting Its Forecasts, but That’s Not Enough to Lift Its Stock

Marvell Technology 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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