REX Advisers LLC Buys New Holdings in Marvell Technology, Inc. $MRVL

Key Points

• REX Advisers bought 3,700 Marvell shares worth approximately $974,000 in the third quarter, making MRVL its fourth-largest holding and 4.3% of its portfolio. Institutional investors collectively own 83.51% of the company.
• Marvell raised its fiscal 2028 revenue outlook to about $20 billion and set a fiscal 2031 target of $70 billion to $90 billion, driven by custom AI chips and data-center connectivity. Analysts broadly remain bullish, with a consensus price target of $320.82.
• MRVL fell 3.5% to $274.66 amid concerns about its high valuation and profit-taking, despite quarterly revenue rising 36.5% year over year and earnings slightly exceeding estimates. Company insiders sold 45,000 shares worth $9.9 million during the past quarter.

REX Advisers LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,700 shares of the semiconductor company's stock, valued at approximately $974,000. Marvell Technology accounts for 4.3% of REX Advisers LLC's investment portfolio, making the stock its 4th largest holding.

A number of other large investors have also made changes to their positions in MRVL. Hilton Head Capital Partners LLC lifted its holdings in Marvell Technology by 978.3% during the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 225 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Marvell Technology in the second quarter worth about $27,000. MidFirst Bank acquired a new stake in shares of Marvell Technology during the fourth quarter worth about $28,000. Aberdeen Wealth Management LLC bought a new position in shares of Marvell Technology during the 2nd quarter valued at about $30,000. Finally, Pittenger & Anderson Inc. lifted its holdings in shares of Marvell Technology by 61.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 83.51% of the company's stock.

Insider Activity at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction on 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 completion of the transaction, the chief operating officer directly owned 207,941 shares of the company's stock, valued at $54,490,939.05. The trade was a 4.59% decrease in their position. The sale was disclosed in a legal filing 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, CEO Matthew J. Murphy sold 7,500 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total value of $1,675,425.00. Following the sale, the chief executive officer owned 775,686 shares of the company's stock, valued at approximately $173,280,495.54. The trade was a 0.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 45,000 shares of company stock valued at $9,904,225. 0.12% of the stock is currently owned by corporate insiders.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell’s Investor Day remains the primary bullish catalyst. Management raised its fiscal 2028 revenue outlook to approximately $20 billion from $18 billion and established a fiscal 2031 revenue target of $70 billion to $90 billion, implying annual growth of at least 54%. The company expects custom AI chips and data-center connectivity to drive much of that expansion. Marvell Technology Lifts 2031 Revenue Goal
• Positive Sentiment: Wall Street analysts responded by raising price targets, including JPMorgan to $360, Needham to $400, Bank of America to $400 and RBC to $425. The revisions reflect expectations that accelerating AI infrastructure spending could materially expand Marvell’s earnings power. Analysts Raise Marvell Price Targets
• Positive Sentiment: Marvell will showcase open AI infrastructure solutions at the OCP Global Summit, reinforcing its positioning in networking, custom silicon and data-center connectivity. Marvell to Showcase Open AI Infrastructure Solutions
• Neutral Sentiment: Recent coverage highlights strong long-term potential, but much of the upside depends on hyperscaler AI spending continuing at an exceptional pace and Marvell successfully executing its ambitious forecasts.
• Negative Sentiment: Some analysts downgraded the stock or warned that the “easy money” may be over. With MRVL trading at a high earnings multiple after rising more than 200% this year, investors may be taking profits and demanding evidence that the long-term targets are achievable. Marvell The Easy Money Is Already Over
• Negative Sentiment: Higher Treasury yields and oil prices have pressured richly valued technology and AI stocks, contributing to near-term weakness across the semiconductor group. What's Going On With Marvell Technology Stock Thursday

Marvell Technology Stock Down 3.5%

MRVL traded down $10.02 on Thursday, hitting $274.66. 29,094,917 shares of the company were exchanged, compared to its average volume of 27,719,201. The stock's fifty day moving average is $233.63 and its 200-day moving average is $208.92. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The company has a market cap of $240.85 billion, a PE ratio of 90.65, a PEG ratio of 2.77 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The business's quarterly revenue was up 36.5% on a year-over-year basis. 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. Equities research analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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 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 is Friday, October 9th. Marvell Technology's payout ratio is presently 7.92%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Susquehanna increased their target price on Marvell Technology from $265.00 to $340.00 and gave the stock a "positive" rating in a research note on Wednesday. Wells Fargo & Company increased 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. Wolfe Research boosted their price objective on shares of Marvell Technology from $280.00 to $375.00 and gave the company an "outperform" rating in a research report on Wednesday. The Goldman Sachs Group reiterated a "neutral" rating and set a $270.00 target price on shares of Marvell Technology in a report on Wednesday. Finally, Craig Hallum restated a "buy" rating and issued a $380.00 price target on shares of Marvell Technology in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $320.82.

About Marvell Technology

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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