Kestra Investment Management LLC Makes New $1.77 Million Investment in Marvell Technology, Inc. $MRVL

Kestra Investment Management LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,714 shares of the semiconductor company’s stock, valued at approximately $1,774,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its stake in Marvell Technology by 34.1% in the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after purchasing an additional 21,798,190 shares in the last quarter. State Street Corp raised its holdings in shares of Marvell Technology by 79.3% during the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after purchasing an additional 18,495,866 shares during the period. Bank of America Corp DE bought a new position in shares of Marvell Technology during the 2nd quarter worth about $2,607,795,000. Bank of New York Mellon Corp boosted its position in shares of Marvell Technology by 153.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after purchasing an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Marvell Technology during the 2nd quarter worth about $1,742,526,000. 83.51% of the stock is owned by institutional investors.

Insider Activity

In other 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 value of $865,864.45. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at 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, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the transaction, the chief executive officer directly owned 775,686 shares in the company, valued at $173,280,495.54. The trade was a 0.96% 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 sold 57,285 shares of company stock valued at $12,901,763 over the last quarter. 0.12% of the stock is owned by insiders.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $154.39 on Wednesday. The company has a market cap of $135.38 billion, a PE ratio of 50.95, a price-to-earnings-growth ratio of 4.62 and a beta of 2.32. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The business has a 50 day moving average price of $231.92 and a 200-day moving average price of $184.95. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. Marvell Technology’s quarterly revenue was up 36.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Marvell Technology News Summary

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

• Positive Sentiment: Some coverage views the selloff as excessive and MRVL as undervalued, pointing to potential upside; B. Riley maintained a Buy rating with a reduced $250 price target. Marvell’s reported 46% data-center growth and strong 2026 share-price gains are cited as reasons investors may see longer-term opportunity. Article: Marvell Stock’s Selloff Is Overdone
• Neutral Sentiment: Commentary is divided on Marvell’s planned all-stock Lumentum acquisition. The deal could expand Marvell’s position in AI data-center optical technology, but its value to Marvell shareholders depends on execution and the companies’ future cash flows. Article: Lumentum and Marvell’s all-stock offer
• Negative Sentiment: Deal uncertainty is a near-term overhang: a report cited merger specialists who put the odds of completing Marvell’s reported $115 billion Lumentum takeover at about 50%. Because the offer is all-stock, MRVL’s decline also reduces the offer’s value. Article: Marvell’s Lumentum Deal Faces 50-50 Odds
• Negative Sentiment: Investor flows and broader risk aversion have added pressure: ETFs were reported to have sold a net $134.4 million of Marvell shares on Nov. 6, while coverage attributes the recent weakness partly to investors exiting AI stocks. Article: ETFs Are Net Sellers of Marvell Technology

Analyst Ratings Changes

Several analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of Marvell Technology in a research note on Monday, November 2nd. Wells Fargo & Company dropped their price target on Marvell Technology from $365.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 3rd. Erste Group Bank lowered Marvell Technology from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. KeyCorp reissued an “overweight” rating on shares of Marvell Technology in a research note on Wednesday, October 7th. Finally, Benchmark restated a “buy” rating on shares of Marvell Technology in a report on Monday, August 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $300.09.

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.