State Street Corp Increases Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• State Street increased its Marvell Technology position by 79.3% in the second quarter, adding 18.5 million shares to hold approximately 4.77% of the company, worth $12.5 billion. Institutional investors collectively own 83.51% of MRVL.
• Marvell reported strong quarterly results, with revenue up 36.5% year over year to $2.74 billion and EPS of $0.94, slightly above estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $271.12.
• The company is showcasing new optical interconnect technology aimed at supporting AI data-center growth, but the products remain demonstrations without disclosed customer orders or financial contributions. Meanwhile, MRVL’s elevated valuation—around 87 times earnings—and recent insider selling present potential risks.

State Street Corp increased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 79.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,834,272 shares of the semiconductor company's stock after acquiring an additional 18,495,866 shares during the period. State Street Corp owned approximately 4.77% of Marvell Technology worth $12,462,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Silicon Valley Capital Partners lifted its position in Marvell Technology by 8.6% during the second quarter. Silicon Valley Capital Partners now owns 35,015 shares of the semiconductor company's stock valued at $10,430,000 after purchasing an additional 2,780 shares during the last quarter. Altar Rock LLC purchased a new stake in shares of Marvell Technology during the 2nd quarter valued at $234,000. Anchor Investment Management LLC raised its position in shares of Marvell Technology by 60.4% during the 2nd quarter. Anchor Investment Management LLC now owns 1,078 shares of the semiconductor company's stock valued at $321,000 after buying an additional 406 shares in the last quarter. Revere Asset Management Inc bought a new stake in shares of Marvell Technology during the 2nd quarter worth $7,179,000. Finally, Miramontes Capital LLC purchased a new position in Marvell Technology in the second quarter worth $597,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

More Marvell Technology News

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

• Positive Sentiment: Marvell announced industry-first demonstrations of 2-nanometer optical interconnect technology at the European Conference on Optical Communication (ECOC) 2026. The solutions are designed to provide faster, higher-bandwidth and more power-efficient connections within and between AI data centers. Marvell 2nm optical technology announcement
• Positive Sentiment: The demonstrations include 400G-per-lane PAM4 technology for 3.2T connectivity, 800G ZR and ZR+ systems with MACsec security, and 1.6T optical solutions for links across AI data centers. These products target the bandwidth and power constraints created by expanding AI workloads. Marvell 1.6T optical technology
• Positive Sentiment: Analyst sentiment remains supportive: Marvell receives an average “Moderate Buy” rating, while several analysts have continued raising price targets. Bullish commentary points to potential upside as hyperscalers increase spending on AI networking infrastructure. Marvell analyst recommendation
• Neutral Sentiment: The optical products are currently demonstrations rather than reported commercial wins. Marvell disclosed no customer orders, launch dates or financial contribution, so investors will need evidence of adoption before the technology materially affects revenue and earnings. Marvell 2nm optics details
• Negative Sentiment: Marvell’s strong recent performance and elevated valuation increase execution risk. At approximately 86.6 times earnings based on the provided background data, the stock may be vulnerable if AI infrastructure demand, product commercialization or growth expectations disappoint.

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the transaction, the chief operating officer owned 227,941 shares of the company's stock, valued at approximately $41,143,350.50. This trade represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the sale, the chief executive officer directly owned 775,686 shares of the company's stock, valued at approximately $173,280,495.54. This represents a 0.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,000 shares of company stock worth $10,102,925 in the last quarter. Company insiders own 0.12% of the company's stock.

Marvell Technology Stock Performance

NASDAQ:MRVL traded up $6.52 during trading hours on Tuesday, reaching $263.90. The company had a trading volume of 9,223,157 shares, compared to its average volume of 28,183,977. The firm's 50 day moving average price is $216.50 and its 200-day moving average price is $193.76. The firm has a market cap of $231.42 billion, a price-to-earnings ratio of 87.00, a PEG ratio of 2.35 and a beta of 2.25. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. Marvell Technology's revenue 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. On average, analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology's dividend payout ratio is 7.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MRVL. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Marvell Technology in a research note on Wednesday, August 19th. Morgan Stanley upped their target price on Marvell Technology from $246.00 to $268.00 and gave the company an "equal weight" rating in a report on Monday. William Blair restated an "outperform" rating on shares of Marvell Technology in a report on Thursday, May 28th. DA Davidson set a $225.00 target price on Marvell Technology in a research note on Tuesday, August 18th. Finally, Erste Group Bank cut Marvell Technology from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology presently has an average rating of "Moderate Buy" and an average target price of $271.12.

Marvell Technology Company Profile

Marvell Technology, Inc NASDAQ: MRVL is a semiconductor company that develops infrastructure solutions for data centers, cloud computing, communications networks, automotive applications and enterprise environments. Its products are designed to move, process, secure and store data across increasingly complex computing and networking systems.

The company's portfolio includes networking and switching products, optical and electrical interconnect solutions, custom application-specific integrated circuits, storage controllers and processors.

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