Zevenbergen Capital Investments LLC Makes New $47.44 Million Investment in Marvell Technology, Inc. $MRVL

Zevenbergen Capital Investments LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 179,565 shares of the semiconductor company’s stock, valued at approximately $47,443,000. Marvell Technology accounts for about 1.1% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 29th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in MRVL. Cape ANN Savings Bank boosted its holdings in Marvell Technology by 2.3% in the second quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock valued at $669,000 after acquiring an additional 50 shares during the last quarter. Arlington Trust Co LLC increased its position in Marvell Technology by 24.1% in the second quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 52 shares during the period. GoalVest Advisory LLC raised its holdings in Marvell Technology by 26.0% during the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 65 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in Marvell Technology by 1.7% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock worth $407,000 after purchasing an additional 68 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its position in Marvell Technology by 12.9% during the 1st quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 72 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Trading Down 3.5%

Shares of NASDAQ:MRVL traded down $10.02 during mid-day trading on Thursday, reaching $274.66. The stock had a trading volume of 29,094,917 shares, compared to its average volume of 27,719,201. The firm has a 50 day simple moving average of $233.63 and a two-hundred day simple moving average of $208.92. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88. The firm has a market cap of $240.85 billion, a PE ratio of 90.65, a price-to-earnings-growth ratio of 2.77 and a beta of 2.26. 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 (NASDAQ:MRVL) last issued its quarterly earnings data 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 firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, research analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Key Stories Impacting Marvell Technology

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

Insiders Place Their Bets

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated 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 approximately $54,490,939.05. The trade was a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total value of $1,675,425.00. Following the completion of the sale, the chief executive officer owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This trade represents 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. In the last 90 days, insiders sold 45,000 shares of company stock valued at $9,904,225. 0.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on MRVL. Barclays reaffirmed an “overweight” rating on shares of Marvell Technology in a research note on Thursday, August 20th. Citigroup increased their price objective on shares of Marvell Technology from $225.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 21st. Bank of America lifted their target price on shares of Marvell Technology from $240.00 to $365.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Jefferies Financial Group upped their target price on shares of Marvell Technology from $325.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $270.00 price target on shares of Marvell Technology in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $320.82.

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.