2,757,995 Shares in Marvell Technology, Inc. $MRVL Bought by Primecap Management Co. CA

Primecap Management Co. CA purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, HoldingsChannel reports. The firm purchased 2,757,995 shares of the semiconductor company’s stock, valued at approximately $821,579,000.

Other hedge funds have also modified their holdings of the company. C M Bidwell & Associates Ltd. acquired a new stake in shares of Marvell Technology in the second quarter worth $27,000. Aberdeen Wealth Management LLC acquired a new position in Marvell Technology during the second quarter valued at $30,000. Tompkins Financial Corp purchased a new stake in Marvell Technology in the second quarter valued at $31,000. LifeSteps Financial Inc. purchased a new stake in Marvell Technology in the second quarter valued at $32,000. Finally, Cetera Trust Company N.A purchased a new position in shares of Marvell Technology during the 2nd quarter valued at about $37,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup boosted their price objective on Marvell Technology from $225.00 to $275.00 and gave the company a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price target on shares of Marvell Technology in a research report on Thursday, May 28th. Evercore reissued an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a report on Tuesday, May 19th. Cantor Fitzgerald upped their price objective on Marvell Technology from $220.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Finally, UBS Group set a $275.00 price objective on shares of Marvell Technology in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $258.42.

Key Stories Impacting Marvell Technology

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

Marvell Technology Price Performance

NASDAQ:MRVL opened at $240.38 on Wednesday. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88. The stock’s 50-day moving average price is $231.37 and its 200-day moving average price is $173.94. The stock has a market capitalization of $210.28 billion, a PE ratio of 82.32, a price-to-earnings-growth ratio of 1.43 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. Marvell Technology’s revenue for the quarter was up 27.6% on a year-over-year basis. As a group, equities analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology’s dividend payout ratio is presently 8.22%.

Insiders Place Their Bets

In other news, insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the transaction, the insider owned 55,530 shares in the company, valued at $16,610,688.90. This trade represents a 3.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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. Also, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Monday, August 17th. The shares were sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the completion of the sale, the chief executive officer directly owned 783,186 shares in the company, valued at $184,894,550.88. This represents a 0.95% 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. In the last 90 days, insiders sold 41,981 shares of company stock valued at $9,753,132. Corporate insiders own 0.12% of the company’s 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.