Bank of New York Mellon Corp Has $282.01 Million Holdings in Marvell Technology, Inc. $MRVL

Bank of New York Mellon Corp boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,318,548 shares of the semiconductor company’s stock after purchasing an additional 58,113 shares during the quarter. Bank of New York Mellon Corp’s holdings in Marvell Technology were worth $282,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Laurel Wealth Advisors LLC acquired a new position in Marvell Technology during the fourth quarter worth about $25,000. Cherry Tree Wealth Management LLC acquired a new position in Marvell Technology during the fourth quarter worth about $26,000. Elyxium Wealth LLC acquired a new position in Marvell Technology during the fourth quarter worth about $40,000. Strive Asset Management LLC acquired a new position in Marvell Technology during the third quarter worth about $42,000. Finally, Avalon Trust Co raised its stake in Marvell Technology by 70.6% during the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 269 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Nvidia CEO Jensen Huang’s public praise has become the biggest catalyst, reinforcing Marvell’s role in AI networking, custom silicon, and optical interconnects and sparking continued buying. Stock Market Today, June 2: Marvell Technology Surges After Nvidia CEO Highlights AI Infrastructure Role
• Positive Sentiment: Investors are also encouraged by Marvell’s underlying AI growth story, including strong data-center demand, record bookings, and accelerating revenue growth that suggest the rally is not only hype. MRVL Stock Soars as Investors Embrace Its AI Growth Story
• Positive Sentiment: Analyst optimism and higher price targets are adding fuel, with some coverage pointing to strong revenue growth expectations tied to Marvell’s AI switch and custom chip opportunities. Why Marvell Technology Bumped Higher Again on Wednesday
• Neutral Sentiment: Some market commentary says the stock is now overbought after its explosive run, so investors may be watching for a pause or consolidation even though the longer-term AI trend remains bullish. Why Is Marvell Technology Stock Falling Thursday?
• Negative Sentiment: Broader semiconductor weakness after Broadcom’s disappointing outlook has also created short-term pressure on chip stocks, which could temper MRVL’s momentum if AI enthusiasm cools. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses

Insider Activity at Marvell Technology

In other news, insider Sandeep Bharathi sold 66,892 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the sale, the insider directly owned 55,199 shares in the company, valued at approximately $7,195,189.65. The trade was a 54.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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, EVP Mark Casper sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $135.50, for a total value of $1,355,000.00. Following the completion of the sale, the executive vice president owned 35,878 shares in the company, valued at $4,861,469. The trade was a 21.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 255,060 shares of company stock valued at $31,959,772. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Erste Group Bank assumed coverage on Marvell Technology in a research note on Thursday, April 2nd. They set a “buy” rating for the company. Bank of America boosted their target price on Marvell Technology from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. UBS Group boosted their target price on Marvell Technology from $195.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Raymond James Financial set a $235.00 target price on Marvell Technology and gave the stock a “strong-buy” rating in a research note on Thursday, May 28th. Finally, Evercore reissued an “outperform” rating and set a $155.00 target price on shares of Marvell Technology in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $218.58.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $316.43 on Friday. The stock has a market cap of $276.81 billion, a P/E ratio of 108.37, a price-to-earnings-growth ratio of 1.99 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 stock’s 50-day moving average is $161.54 and its 200-day moving average is $111.50. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $324.20.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology’s payout ratio is 8.22%.

Marvell Technology 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.