Hoertkorn Richard Charles Buys New Shares in Marvell Technology, Inc. $MRVL

Hoertkorn Richard Charles purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 65,040 shares of the semiconductor company’s stock, valued at approximately $17,184,000. Marvell Technology makes up approximately 11.4% of Hoertkorn Richard Charles’ holdings, making the stock its biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cape ANN Savings Bank raised 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 in the last quarter. Arlington Trust Co LLC grew its holdings in Marvell Technology by 24.1% during the 2nd quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 52 shares in the last quarter. GoalVest Advisory LLC grew 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 acquiring an additional 65 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in Marvell Technology by 88.5% during the 3rd quarter. Washington Trust Advisors Inc. now owns 147 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 69 shares in the last quarter. Finally, HBW Advisory Services LLC increased its position in shares of Marvell Technology by 3.3% in the 2nd quarter. HBW Advisory Services LLC now owns 2,270 shares of the semiconductor company’s stock worth $676,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MRVL shares. Bank of America lowered shares of Marvell Technology from a “buy” rating to a “neutral” rating and cut their target price for the company from $400.00 to $225.00 in a research note on Tuesday, November 3rd. TD Cowen downgraded Marvell Technology from a “buy” rating to a “hold” rating and decreased their price target for the stock from $350.00 to $175.00 in a research note on Tuesday, November 3rd. William Blair reiterated an “outperform” rating on shares of Marvell Technology in a research note on Monday, November 2nd. Roth Capital reissued a “buy” rating and issued a $350.00 price objective on shares of Marvell Technology in a report on Thursday, August 20th. Finally, Piper Sandler restated an “overweight” rating on shares of Marvell Technology in a research note on Thursday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $300.85.

Insider Buying and Selling at Marvell Technology

In related news, insider Sandeep Bharathi sold 3,685 shares of the stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the sale, the insider owned 58,748 shares in the company, valued at $13,804,017.56. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, CAO Justin Scarpulla sold 1,100 shares of the firm’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the completion of the transaction, the chief accounting officer directly owned 909 shares in the company, valued at $248,693.31. This represents a 54.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,285 shares of company stock worth $12,901,763 in the last quarter. 0.12% of the stock is currently owned by corporate insiders.

Marvell Technology Stock Performance

Marvell Technology stock opened at $141.20 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The company has a fifty day moving average price of $234.31 and a two-hundred day moving average price of $184.23. The company has a market cap of $123.82 billion, a PE ratio of 46.60, a P/E/G ratio of 4.22 and a beta of 2.32.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping 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 company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The firm’s revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Research analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s dividend payout ratio is currently 7.92%.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Investors rotated back into beaten-down AI chip stocks, helping Marvell recover. Coverage characterized the move as a rebound after the recent tech-sector rout. What’s Going On With Marvell Technology Stock Friday?
• Positive Sentiment: Marvell’s AI networking business is benefiting from demand for data-center connectivity. Separately, Zacks Research modestly raised several longer-term EPS forecasts, supporting the growth outlook. MRVL’s Networking Business Grows on the Back of AI
• Neutral Sentiment: The proposed all-stock acquisition of Lumentum would add optical technology for AI data centers, potentially addressing a key connectivity bottleneck. The strategic opportunity is substantial, but investors are weighing it against its cost and execution risks. Marvell Is Betting $115 Billion on 1 of AI’s Biggest Bottlenecks
• Negative Sentiment: The Lumentum deal has fueled concerns about shareholder dilution and whether Marvell is paying too much. Because it is an all-stock offer, its value moves with Marvell’s share price; closing is not expected until the first half of 2028 and requires regulatory approval. Marvell’s Lumentum Offer and Deal Risks
• Negative Sentiment: Broader uncertainty over AI regulation and possible data-center construction restrictions is weighing on the sector, since slower infrastructure buildouts could temper demand for Marvell’s networking products. Why Marvell Stock Is Falling Today

Marvell Technology Profile

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications.

The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.

Founded in 1995, Marvell grew through product development and acquisitions to build a broad portfolio of infrastructure technologies.