119,825 Shares in Marvell Technology, Inc. $MRVL Purchased by Kestra Advisory Services LLC

by · The Markets Daily

Kestra Advisory Services LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 119,825 shares of the semiconductor company’s stock, valued at approximately $31,659,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after purchasing an additional 21,798,190 shares during the period. State Street Corp increased its stake in Marvell Technology by 79.3% in 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 acquired a new position in Marvell Technology in the second quarter valued at $2,607,795,000. Bank of New York Mellon Corp increased its stake in Marvell Technology by 153.3% in the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock valued at $2,370,604,000 after purchasing an additional 4,815,725 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Marvell Technology in the second quarter valued at about $1,742,526,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Key Headlines Impacting 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 Stock Performance

MRVL traded up $7.65 during trading on Friday, reaching $141.20. The company’s stock had a trading volume of 33,436,101 shares, compared to its average volume of 25,429,988. Marvell Technology, Inc. has a 52-week low of $70.68 and a 52-week high of $329.88. The company’s fifty day moving average price is $234.31 and its 200-day moving average price is $184.23. The company has a market capitalization of $123.82 billion, a price-to-earnings ratio of 46.60, a price-to-earnings-growth ratio of 5.11 and a beta of 2.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The company’s revenue for the quarter was up 36.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, equities analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MRVL. Oppenheimer reiterated an “outperform” rating and set a $425.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. Evercore restated an “outperform” rating and issued a $433.00 price target on shares of Marvell Technology in a research report on Tuesday, October 6th. JPMorgan Chase & Co. upped their price objective on Marvell Technology from $305.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. DA Davidson set a $225.00 price objective on Marvell Technology in a research report on Tuesday, August 18th. Finally, Benchmark reiterated a “buy” rating on shares of Marvell Technology in a research note on Monday, August 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.85.

View Our Latest Stock Report on Marvell Technology

Insiders Place Their Bets

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $186.97, for a total value of $1,869,700.00. Following the completion of the sale, the chief operating officer owned 202,800 shares of the company’s stock, valued at approximately $37,917,516. This trade represents a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 3,685 shares of the business’s stock in a transaction on Friday, October 16th. The stock was 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. The trade was a 5.90% 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. Over the last ninety days, insiders sold 57,285 shares of company stock worth $12,901,763. Insiders own 0.12% of the company’s stock.

Marvell Technology Company Profile

(Free Report)

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.

Further Reading