2,194 Shares in Marvell Technology, Inc. $MRVL Bought by Corundum Group Inc.

Corundum Group Inc. purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the first quarter, HoldingsChannel.com reports. The fund purchased 2,194 shares of the semiconductor company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hilton Head Capital Partners LLC increased its holdings in Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 225 shares during the period. Oak Family Advisors LLC acquired a new position in shares of Marvell Technology in the 1st quarter valued at approximately $334,000. Davis Investment Partners LLC bought a new stake in shares of Marvell Technology during the 1st quarter worth approximately $734,000. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Marvell Technology by 7.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 91,714 shares of the semiconductor company’s stock worth $9,084,000 after acquiring an additional 6,613 shares during the period. Finally, OP Asset Management Ltd bought a new stake in shares of Marvell Technology during the 1st quarter worth approximately $14,186,000. Institutional investors own 83.51% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on shares of Marvell Technology from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Barclays raised their target price on Marvell Technology from $150.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Cantor Fitzgerald lifted their price target on Marvell Technology from $190.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Finally, Benchmark boosted their price target on Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $233.68.

Marvell Technology Trading Down 1.3%

Shares of Marvell Technology stock opened at $275.40 on Thursday. The firm has a market capitalization of $240.92 billion, a PE ratio of 94.32, a price-to-earnings-growth ratio of 1.83 and a beta of 2.29. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average is $211.16 and its 200 day moving average is $131.08. Marvell Technology, Inc. has a 1 year low of $61.44 and a 1 year high of $329.88.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The firm’s revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities research analysts forecast that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Bank of America and KeyBanc both raised their price targets on Marvell, reflecting confidence in the company’s AI networking and data-center growth opportunity. Benzinga report
• Positive Sentiment: Coverage continues to emphasize Marvell’s role in AI infrastructure, especially its networking and bandwidth solutions, which supports the stock’s recent rally. Insider Monkey article
• Neutral Sentiment: Several articles note that Marvell’s huge run-up in 2026 means the stock may already be pricing in much of the AI optimism, which could limit near-term upside if growth expectations cool. Yahoo Finance article
• Negative Sentiment: CFO Daniel Durn sold 2,250 shares, a small insider sale that may slightly temper sentiment even though it does not change the broader bullish thesis. SEC filing

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the sale, the chief operating officer owned 133,870 shares in the company, valued at $14,757,828.80. The trade was a 6.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total value of $1,329,450.00. Following the sale, the chief executive officer owned 739,397 shares in the company, valued at $131,065,512.22. This represents a 1.00% decrease in their position. 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. In the last ninety days, insiders sold 185,127 shares of company stock valued at $25,874,325. 0.12% of the stock is owned by company insiders.

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.