Flputnam Investment Management Co. Sells 35,490 Shares of Marvell Technology, Inc. $MRVL

Flputnam Investment Management Co. cut its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 31.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,930 shares of the semiconductor company’s stock after selling 35,490 shares during the quarter. Flputnam Investment Management Co.’s holdings in Marvell Technology were worth $22,619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Focused Wealth Management Inc bought a new position in Marvell Technology in the 1st quarter valued at $608,000. Swedbank AB increased its holdings in shares of Marvell Technology by 2.8% in the first quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company’s stock worth $315,925,000 after purchasing an additional 85,816 shares during the period. Wilson Asset Management International PTY Ltd. raised its position in shares of Marvell Technology by 20.4% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock worth $11,442,000 after buying an additional 22,837 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Marvell Technology by 49.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company’s stock worth $27,105,000 after buying an additional 90,800 shares in the last quarter. Finally, Varma Mutual Pension Insurance Co boosted its stake in Marvell Technology by 25.4% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock valued at $13,477,000 after buying an additional 32,130 shares during the period. Institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

MRVL has been the subject of several recent analyst reports. KeyCorp boosted their target price on Marvell Technology from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price target on shares of Marvell Technology in a report on Thursday, May 28th. B. Riley Financial reiterated a “buy” rating on shares of Marvell Technology in a research report on Wednesday. HSBC set a $300.00 price objective on Marvell Technology and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Benchmark upped their price objective on shares of Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and an average price target of $244.81.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell granted Alphabet’s Google a warrant to purchase up to 58.97 million MRVL shares at $206.58 each. If fully exercised, the warrant would represent approximately 6.7% of Marvell’s outstanding stock and a potential investment of roughly $12.2 billion, creating a strategic alignment with one of the largest AI infrastructure buyers. Marvell shares jump as Google warrant deepens AI chip partnership
• Positive Sentiment: The agreement covers technologies connected to Google’s Tensor Processing Unit ecosystem, including AI inference accelerators, networking and storage products, memory-interface controllers and near-memory computing. Reports describe the broader commercial opportunity as potentially worth as much as $120 billion through 2033, although the ultimate value depends on execution and customer demand. Marvell Technology expands Google AI partnership
• Positive Sentiment: Investors are interpreting the deal as validation of Marvell’s custom silicon, connectivity and memory technologies as hyperscalers increasingly design their own AI systems. Analysts including William Blair and Raymond James remained constructive, citing improved long-term AI revenue visibility.
• Neutral Sentiment: Marvell is scheduled to report fiscal second-quarter results on August 27. Consensus expectations reportedly call for approximately $2.71 billion in revenue and about $0.87 in earnings per share, placing a high execution bar after the stock’s substantial rally.
• Negative Sentiment: The Google warrant could eventually increase Marvell’s share count, creating dilution for existing shareholders. In addition, MRVL trades at an elevated valuation—about 81 times earnings based on the supplied data—while the CEO recently sold 7,500 shares under a pre-arranged Rule 10b5-1 plan. These factors may increase volatility if results or guidance disappoint.

Marvell Technology Trading Up 9.8%

Shares of MRVL stock opened at $237.27 on Thursday. The business has a 50-day moving average price of $235.18 and a two-hundred day moving average price of $169.36. Marvell Technology, Inc. has a 12-month low of $61.44 and a 12-month high of $329.88. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The firm has a market cap of $207.56 billion, a P/E ratio of 81.26, a price-to-earnings-growth ratio of 1.35 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL) last announced 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. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company’s revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is 8.22%.

Insider Buying and Selling at Marvell Technology

In related news, 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 value of $1,770,600.00. Following the transaction, the chief executive officer owned 783,186 shares in the company, valued at $184,894,550.88. This trade represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the sale, the insider owned 55,530 shares of the company’s stock, valued at approximately $16,610,688.90. The trade was a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 41,981 shares of company stock worth $9,753,132 in the last quarter. 0.12% of the stock is currently owned by company insiders.

About Marvell Technology

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.