Kimelman & Baird LLC Invests $71.01 Million in Marvell Technology, Inc. $MRVL

Kimelman & Baird LLC purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 238,388 shares of the semiconductor company’s stock, valued at approximately $71,013,000. Marvell Technology makes up about 3.8% of Kimelman & Baird LLC’s portfolio, making the stock its 2nd biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology during the 4th quarter valued at approximately $25,000. Jessup Wealth Management Inc bought a new stake in shares of Marvell Technology in the fourth quarter worth $25,000. Hilton Head Capital Partners LLC raised its holdings in Marvell Technology by 978.3% in the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 225 shares in the last quarter. Cherry Tree Wealth Management LLC acquired a new stake in Marvell Technology in the fourth quarter valued at $26,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Marvell Technology during the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Down 10.3%

Shares of NASDAQ:MRVL opened at $216.62 on Friday. The company’s fifty day moving average is $227.22 and its two-hundred day moving average is $176.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88. The stock has a market capitalization of $189.50 billion, a price-to-earnings ratio of 71.49, a price-to-earnings-growth ratio of 1.51 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data 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 business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 14.22%. The company’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Daniel Durn sold 2,250 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total transaction of $632,272.50. Following the completion of the transaction, the chief financial officer directly owned 6,902 shares in the company, valued at $1,939,531.02. This represents a 24.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Chris Koopmans sold 10,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00. Following the completion of the sale, the chief operating officer directly owned 227,941 shares in the company, valued at $41,143,350.50. This represents a 4.20% 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. Insiders have sold a total of 41,981 shares of company stock valued at $9,753,132 over the last quarter. Company insiders own 0.12% of the company’s stock.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell reported record fiscal Q2 revenue of $2.74 billion, up 36.5% year over year, while adjusted EPS of $0.94 narrowly exceeded the $0.93 consensus estimate. Data-center revenue jumped 46% to $2.17 billion, highlighting strong AI infrastructure demand. MRVL Q2 Earnings Beat on Data Center Strength, Outlook Raised
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook to approximately $12 billion and expects fiscal Q3 EPS of $1.05-$1.15, above the $1.03 analyst estimate. The company also pointed to accelerating custom-chip and networking opportunities across AI data centers. Marvell Q2 Earnings Call Highlights Faster AI Data Center Growth
• Positive Sentiment: Several analysts remained constructive: Needham raised its target to $300, Oppenheimer increased its target to $325 and maintained an outperform rating, while Rosenblatt and Needham cited the long-term potential of Marvell’s Google AI-chip relationship. Marvell’s Google AI Chip Deal Could Drive Long-Term Revenue
• Neutral Sentiment: Analyst opinion is divided on timing and valuation. TD Cowen raised its target to $245 but retained a hold rating, and B. Riley lowered its target to $315 while keeping a buy rating. Options activity and some analysts view the selloff as a potential buying opportunity.
• Negative Sentiment: The immediate catalyst for the decline was disappointment with the longer-term outlook. Investors reportedly learned that meaningful revenue from the Google custom-AI-chip deal may not arrive until fiscal 2029, delaying the payoff from a partnership that had fueled lofty expectations. Marvell Shares Slide Over Timing of Google AI Deal Revenue
• Negative Sentiment: At a valuation near 74 times earnings after a surge of more than 180% this year, investors expected a much larger earnings and guidance beat. The narrow quarterly beat therefore failed to justify the premium multiple for some market participants.
• Negative Sentiment: Concerns about margins, execution and the competitive custom-silicon market also weighed on sentiment, particularly as management’s fiscal 2028 outlook did not provide enough upside relative to expectations. Marvell Shares Tumble as Outlook Underwhelms
• Negative Sentiment: Quiver data showed 22 insider sales and no insider purchases over the past six months, an additional, though not necessarily company-specific, caution signal for investors evaluating the stock’s elevated valuation.

Analysts Set New Price Targets

Several brokerages have weighed in on MRVL. Evercore reissued an “outperform” rating and set a $155.00 price objective on shares of Marvell Technology in a report on Tuesday, May 19th. The Goldman Sachs Group set a $220.00 price target on shares of Marvell Technology in a research report on Friday. Wolfe Research reiterated an “outperform” rating and issued a $280.00 price target on shares of Marvell Technology in a research note on Friday. Compass Point set a $190.00 price objective on Marvell Technology in a report on Tuesday, May 26th. Finally, Needham & Company LLC upped their price objective on Marvell Technology from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $265.76.

Marvell Technology Company 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.