Sax Wealth Advisors LLC Makes New Investment in Marvell Technology, Inc. $MRVL

Key Points

• Sax Wealth Advisors acquired 16,823 Marvell Technology shares worth approximately $4.45 million in the third quarter. Institutional investors collectively own 83.51% of the company.
• Marvell raised its long-term FY28 revenue target to $20 billion, supported by AI connectivity, optical products and custom silicon, while also increasing its operating-margin outlook.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $320.82, although the stock’s elevated valuation and recent decline are contributing to near-term volatility.

Sax Wealth Advisors LLC acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,823 shares of the semiconductor company's stock, valued at approximately $4,445,000.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company's stock valued at $25,511,649,000 after acquiring an additional 21,798,190 shares during the period. State Street Corp raised its holdings in shares of Marvell Technology by 79.3% in the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company's stock worth $12,462,011,000 after purchasing an additional 18,495,866 shares during the period. Bank of America Corp DE bought a new stake in shares of Marvell Technology in the 2nd quarter worth approximately $2,607,795,000. Bank of New York Mellon Corp raised its holdings in shares of Marvell Technology by 153.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company's stock worth $2,370,604,000 after purchasing an additional 4,815,725 shares during the period. Finally, Legal & General Group Plc purchased a new position in Marvell Technology in the second quarter valued at approximately $1,742,526,000. Institutional investors own 83.51% of the company's stock.

Key Marvell Technology News

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

• Positive Sentiment: Marvell raised its FY28 revenue target to $20 billion, including an $18 billion data-center opportunity, driven by AI connectivity, optical products and custom silicon. Management also raised long-term operating-margin targets to 44%-46% and expects free-cash-flow margins above 36%. Marvell: A Strong Buy With A $90 Billion Opportunity
• Positive Sentiment: Analyst upgrades and bullish commentary highlighted Marvell’s positioning in AI networking, custom chips and data-center infrastructure. Microsoft’s Maia 300 AI-chip program was cited as a potential catalyst for renewed demand. Marvell Stock Is on a Bad Run but Microsoft's New AI Chips Can Revive It
• Positive Sentiment: Marvell launched second-generation Structera X CXL 3.2 memory expanders with six DDR4/DDR5 channels, targeting AI inference systems that need greater memory capacity and performance. Marvell Unveils Second-generation Structera X
• Positive Sentiment: An expanded collaboration with Aviz Networks will provide production-ready SONiC software across Marvell’s Ethernet switching portfolio, potentially simplifying deployment of AI and cloud networks. Aviz Networks Delivers Production-Ready SONiC
• Neutral Sentiment: Marvell plans to showcase AI data-center hardware, memory expansion, high-speed connectivity and security solutions at OCP Global Summit 2026, reinforcing its broad infrastructure strategy.
• Negative Sentiment: MRVL has extended a recent decline despite the Structera X launch, reflecting a broader selloff in AI-chip stocks including Nvidia and Broadcom. Elevated valuation metrics and profit-taking after a major rally are increasing near-term volatility. Marvell Stock Falls Despite Launch of Second-Generation Structera X
• Negative Sentiment: An insider sale worth approximately $301,000 adds a modest sentiment headwind, though it does not materially change Marvell’s long-term outlook. Insider Selling: Marvell Technology CAO Sells Stock

Analyst Ratings Changes

MRVL has been the topic of several research analyst reports. Raymond James Financial reiterated a "strong-buy" rating on shares of Marvell Technology in a research note on Tuesday, October 6th. Benchmark reissued a "buy" rating on shares of Marvell Technology in a research report on Monday, August 24th. HC Wainwright restated a "buy" rating on shares of Marvell Technology in a research note on Tuesday, August 25th. Susquehanna boosted their target price on Marvell Technology from $265.00 to $340.00 and gave the company a "positive" rating in a research note on Wednesday, October 7th. Finally, JPMorgan Chase & Co. upped their price target on Marvell Technology from $305.00 to $360.00 and gave the company an "overweight" rating in a research report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $320.82.

Insider Buying and Selling

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $262.05, for a total transaction of $2,620,500.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 dated 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 in the company, valued at approximately $173,280,495.54. This represents a 0.96% 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. In the last quarter, insiders have sold 46,100 shares of company stock valued at $10,205,174. Corporate insiders own 0.12% of the company's stock.

Marvell Technology Stock Performance

Marvell Technology stock traded down $0.97 during mid-day trading on Tuesday, reaching $264.89. The company's stock had a trading volume of 11,180,221 shares, compared to its average volume of 27,522,617. Marvell Technology, Inc. has a 12-month low of $70.68 and a 12-month high of $329.88. The company has a market capitalization of $232.28 billion, a P/E ratio of 87.63, a PEG ratio of 8.21 and a beta of 2.26. 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 firm's fifty day moving average price is $238.65 and its two-hundred day moving average price is $212.76.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $2.72 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The business's revenue for the quarter 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. Sell-side analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

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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