Marvell Technology (MRVL) Stock News Today: Insider Buying, New Institutional Stakes and UBS’s $110 Target

Marvell Technology, Inc. (NASDAQ: MRVL) is back in the spotlight as investors crowd into AI infrastructure names ahead of a key earnings report next week. The stock is trading around $89.40 per share today, giving the chipmaker a market capitalization in the mid‑$70 billion range and placing it near the upper end of its recent trading range but still below prior 52‑week highs. ^[1]

Fresh 13F filings released today, renewed commentary from Jim Cramer, and ongoing analyst debate — including UBS’s recently increased $110 price target — are all converging as Marvell heads into its fiscal Q3 2026 earnings report on Tuesday, December 2, 2025. ^[2]

Below is a detailed rundown of the November 29, 2025 news flow around Marvell stock, plus the bigger picture investors are watching.

Marvell Technology stock snapshot on November 29, 2025

Price today: Around $89.40, with today’s intraday range roughly $84.5–$89.5 and a 52‑week range of about $47–$127. ^[3]
Valuation: MarketBeat data shows a market cap near $77 billion, a negative trailing P/E (reflecting GAAP net losses despite positive operating profits), and a PEG ratio around 1.1, indicating that the market is paying a premium, but not an extreme one, for expected earnings growth. ^[4]
Balance sheet: Quick ratio ~1.4, current ratio ~1.9, and debt‑to‑equity about 0.30, giving Marvell room to invest and buy back stock without stretching its balance sheet. ^[5]

From a performance standpoint, analytics firm Trefis notes that MRVL has climbed about 40% since late August (from roughly $63 to the high‑$80s), largely due to price‑to‑sales multiple expansion rather than changes in trailing revenue. Over the last year, revenue is up about 37%, yet the share price is still slightly below where it stood in late November 2024, meaning the stock has taken a round‑trip while fundamentals improved. ^[6]

Today’s big theme: fresh institutional money flowing into MRVL

A large part of today’s news flow is dominated by institutional ownership disclosures for the second quarter, all published on November 29, 2025:

State Board of Administration of Florida Retirement System
- Increased its Marvell stake by 1.0%, now holding 845,466 shares worth roughly $65.4 million, representing about 0.10% of the company. ^[7]
Russell Investments Group Ltd.
- Boosted its position by 26.6% to 495,693 shares, valued at approximately $38.3 million, for about 0.06% ownership. ^[8]
J.W. Cole Advisors Inc.
- Grew its stake by 16.7%, to 23,051 shares worth roughly $1.78 million. ^[9]
Steward Partners Investment Advisory LLC
- Increased its holdings by 16.3%, acquiring 4,631 shares during the quarter and bringing its total to 33,083 shares valued around $2.56 million. ^[10]
Skandinaviska Enskilda Banken AB publ
- A counter‑trend move: trimmed its MRVL position by 22.2%, selling 59,480 shares and ending Q2 with 208,686 shares worth about $16.1 million. ^[11]

Behind these headline names sit some very large holders. Vanguard, Franklin Resources, Goldman Sachs, AQR and Nordea collectively control tens of millions of MRVL shares, underscoring that Marvell has become a core AI infrastructure play across global portfolios. ^[12]

Taken together, the updates confirm that roughly 83–84% of Marvell’s float is owned by institutional investors and hedge funds, a figure repeatedly cited across MarketBeat and European coverage today. ^[13]

Insider buying: CEO and top executives step in with cash

Today’s filings also put fresh focus on insider buying over the past three months:

CEO Matthew J. Murphy purchased 13,600 shares around $77.09, investing just over $1.0 million of personal capital and increasing his stake by about 5%. ^[14]
COO Chris Koopmans bought 6,800 shares at about $78.03, spending roughly $530,000 and lifting his position by almost 7%. ^[15]
CFO Willem Meintjes acquired 3,400 shares at similar prices, adding to his holdings in the same late‑September window. ^[16]

In total, insiders purchased about 27,200 Marvell shares worth roughly $2.1 million in the last 90 days, with insiders collectively owning about 0.19% of the company. ^[17]

A widely shared article on German financial portal boerse‑global.de, republished via ad‑hoc‑news today under the headline “Insider Confidence Surges as Marvell Technology Approaches Earnings”, frames this as a “wave of aggressive buying” ahead of the December 2 earnings release. The piece highlights CEO Murphy’s seven‑figure share purchase, similar insider moves by Koopmans and Meintjes, and notes that the stock has rallied more than 15% from recent lows, ending the week at about €77.48 in European trading. ^[18]

The same article emphasizes that Norges Bank, Norway’s sovereign wealth fund, has opened a new position of more than 9.2 million shares, while Goldman Sachs and AQR Capital Management have dramatically increased their stakes — factors the author interprets as a coordinated vote of confidence from “smart money” investors. ^[19]

Jim Cramer: “A winner” in AI chips — but not after a big pop

Another headline dated November 29, 2025 comes from Insider Monkey, which compiles Jim Cramer’s recent comments on 12 stocks, including Marvell. ^[20]

According to the article, when a caller asked about MRVL, Cramer described Marvell as:

a “winner” among non‑Nvidia chip names that design their own silicon, and
“a very good stock” in the AI and data‑center race —

but he also cautioned that there is “a lot of takeover fluff” in the price and said he wouldn’t recommend the stock after it had already climbed about $6 in a session. ^[21]

On another September episode referenced in the same piece, Cramer responded to a question about whether Marvell is well positioned for AI and data‑center spending by pointing to:

the company’s multi‑billion‑dollar share repurchase program,
the recent wave of insider buying, and
CEO Matt Murphy’s execution track record,

before telling viewers they “had a winner” in MRVL. ^[22]

His comments dovetail with November’s takeover chatter: earlier this month, a GuruFocus article recapped a Bloomberg report that SoftBank Group explored a potential acquisition of Marvell earlier this year, as part of a strategy to build a larger AI hardware platform, possibly combining Marvell with Arm Holdings. Shares jumped more than 5% on the news, although no deal materialized and neither company has publicly confirmed ongoing talks. ^[23]

UBS raises its target to $110; HSBC pushes back with a Hold

Today’s news feeds also continue to circulate last week’s UBS price‑target hike and new coverage from HSBC, which are central to the current bull‑vs‑cautious debate.

UBS
- Maintains a Buy rating and has raised its MRVL price target from $105 to $110. ^[24]
- The firm is now more bullish on Marvell’s optics business, which is leveraged to AI data‑center growth, and sees Microsoft‑related custom ASIC wins as a powerful tailwind starting in late 2026 and 2027. ^[25]
- UBS expects Marvell to guide Q4 revenue to around $2.2 billion, slightly above current Street estimates of roughly $2.18 billion, and now models 2027 EPS of $4.43, valuing the stock at about 25× 2027 earnings to derive the $110 target. ^[26]
HSBC
- Initiated coverage this week with a Hold rating and an $85 price target, arguing that while Marvell is becoming a key AI hardware player, much of the optimism is already in the share price. ^[27]
- HSBC notes that more than 70% of Marvell’s revenue comes from Asia and expresses reservations about the company’s ASIC strategy versus heavyweight competitor Broadcom, which it believes has a clearer roadmap in custom chips. ^[28]

Overall, data compiled by MarketBeat shows three “Strong Buy” ratings, around twenty “Buy” ratings and roughly fifteen “Hold” calls, for an average rating of “Moderate Buy” and a consensus price target near $94–95 — only modestly above today’s trading level. ^[29]

Earnings countdown: what to watch on December 2

Marvell will report fiscal Q3 2026 earnings after the market close on Tuesday, December 2, 2025, with a conference call scheduled for 4:45 p.m. ET. ^[30]

Wall Street expectations (TipRanks and MarketBeat):

EPS: about $0.74, implying roughly 72% year‑over‑year growth. ^[31]
Revenue: about $2.06–$2.07 billion, roughly 36% growth versus the prior‑year quarter. ^[32]
The company’s own Q3 guidance calls for EPS of $0.69–$0.79, placing consensus toward the middle of the range. ^[33]

For context, Marvell’s Q2 FY26 results (reported August 28) delivered:

EPS of $0.67, in line with consensus,
Revenue of $2.01 billion, up 57.6% year‑over‑year,
Negative GAAP net margin of about 1.4% but a positive return on equity of ~11%, as accounting charges mask underlying profitability improvements, and
A data‑center segment that grew around 69% year‑over‑year, powered by custom AI accelerators and high‑bandwidth memory chips. ^[34]

Analysts and investors will be laser‑focused on a few metrics and comments next week:

AI data‑center revenue growth
- Can Marvell sustain high double‑digit growth in its AI‑heavy data‑center segment after several blow‑out quarters? ^[35]
Custom AI silicon pipeline
- Zacks recently highlighted that Marvell now has 18 AI XPU/XPU‑attach sockets and more than 50 pipeline opportunities, representing an estimated $75 billion of lifetime revenue potential, tied to hyperscalers and high‑performance compute customers. ^[36]
Guidance and margins
- UBS believes management could guide Q4 revenue above Street estimates and sees scope for margin expansion as advanced packaging and 2nm IP ramp. ^[37]
Buyback and capital allocation
- In September, Marvell’s board approved a new $5.0 billion share repurchase program, including an immediate $1 billion accelerated share repurchase (ASR), equivalent to about 7.8% of shares outstanding, alongside a $0.06 quarterly dividend (~0.3% yield). ^[38]

The combination of strong AI‑driven growth, aggressive buybacks and insider buying sets a high bar for Tuesday’s report: any signs of slowing AI momentum or cautious guidance could matter as much as the headline revenue and EPS numbers.

AI custom silicon and 2nm leadership: the long‑term story

Beyond the day‑to‑day stock moves, today’s commentary frequently circles back to Marvell’s AI infrastructure roadmap:

Custom AI XPUs and advanced packaging
- Zacks notes that Marvell has built an in‑house 2.5D advanced packaging platform to assemble custom AI XPUs and memory, aimed at lowering power consumption and total cost for hyperscale customers. ^[39]
2nm custom SRAM and die‑to‑die IP
- In June, Marvell announced what it calls the industry’s first 2nm custom SRAM for next‑generation AI infrastructure silicon, designed to pack more on‑chip memory while cutting standby power and die area versus prior nodes. ^[40]
- The company also introduced a 64 Gbps‑per‑wire bi‑directional die‑to‑die interface IP in 2nm, claiming over 3× the bandwidth density of UCIe and significantly reduced die area usage — a critical enabler for scaling custom AI accelerators. ^[41]
NVIDIA partnership via NVLink Fusion
- In May, Marvell and NVIDIA announced a collaboration to integrate Marvell custom silicon with NVIDIA’s NVLink Fusion technology, allowing cloud providers to plug their own custom XPUs into NVIDIA’s rack‑scale AI systems with up to 1.8 TB/s of bidirectional bandwidth per chiplet. ^[42]
- This effectively positions Marvell as a behind‑the‑scenes enabler for hyperscalers that want some of the benefits of custom silicon while still staying within NVIDIA’s ecosystem. ^[43]
Strategic pivot away from automotive
- Earlier this year, Marvell divested its Automotive Ethernet business, choosing to double down on higher‑growth data‑center and AI infrastructure opportunities. Coverage from Simply Wall St and Trefis links the move — combined with the new buyback program — to a roughly 13% post‑announcement rally in MRVL shares and a clearer, AI‑first investment narrative. ^[44]

This technology stack — 2nm memory, advanced packaging, high‑speed die‑to‑die links and tight NVIDIA integration — is central to why many analysts view Marvell as a strategic supplier in the coming AI “infrastructure supercycle,” even though it isn’t as visible as GPU giants like Nvidia or Broadcom. ^[45]

Valuation check: priced for AI perfection?

Multiple research shops have weighed in on whether MRVL’s current valuation still leaves enough upside:

Multiples and fair‑value estimates
- Trefis values Marvell at about $90.07 per share, only ~3% above today’s price, and notes that MRVL’s ~40% gain since late August has been driven almost entirely by price‑to‑sales multiple expansion, not higher trailing revenue. ^[46]
- Zacks calculates a forward price‑to‑sales ratio of roughly 8.5×, above an industry average near 7.8×, and assigns MRVL a “Hold” (Rank #3) rating despite strong earnings growth forecasts of ~78% in fiscal 2026 and ~19% in fiscal 2027. ^[47]
Bullish case
- UBS and several Seeking Alpha contributors argue that if Marvell can deliver on its custom silicon pipeline and AI optics opportunity, EPS could exceed $4.00 by 2027, justifying price targets in the $110–$111 range — roughly 20–25% upside from current levels. ^[48]
Cautious case
- HSBC and other more conservative analysts point to intense competition from Broadcom and AMD in custom AI silicon, valuation risk after the recent rally, and the company’s heavy exposure to Asian demand and U.S.–China trade policy. ^[49]
- Articles on Yahoo Finance and Simply Wall St also highlight that MRVL’s stock has been volatile, with meaningful drawdowns even as earnings improve, and that a large share of its recent move has been driven by sentiment shifts around AI rather than fundamental surprises. ^[50]

In short, at around $89–90 per share, Marvell trades near consensus fair value but below bullish AI‑supercycle targets. The institutional and insider accumulation highlighted in today’s news suggests many sophisticated investors are comfortable owning MRVL here, but the margin for error around earnings and AI growth expectations is shrinking.

Key risks and catalysts to watch

Going into the December 2 report and beyond, investors tracking MRVL may want to keep an eye on:

Earnings execution risk – After several strong quarters and a big rerating since late summer, even a small miss or cautious outlook on AI demand, China exposure or cloud spending could spark volatility. ^[51]
AI investment cycles – Hyperscaler capex can be lumpy, and Marvell’s custom silicon pipeline is concentrated among a relatively small set of large cloud and networking customers. ^[52]
Competitive pressure – Broadcom, AMD and others are aggressively pushing their own custom AI solutions and advanced packaging offerings, which could pressure pricing and design‑win share. ^[53]
Regulation and geopolitics – With more than 70% of revenue tied to Asia, any escalation in export controls or trade tensions could affect demand or limit Marvell’s ability to ship advanced AI components. ^[54]
M&A and takeover speculation – SoftBank’s previously reported interest and Cramer’s reference to “takeover fluff” show that deal rumors can move the stock, even in the absence of concrete negotiations. ^[55]

Bottom line

As of November 29, 2025, Marvell Technology stock sits at the center of the AI‑infrastructure trade:

Insider executives are putting millions of their own dollars to work. ^[56]
Institutional investors continue to add exposure, even as some trim, leaving more than four‑fifths of the float in professional hands. ^[57]
Analysts are split between AI‑driven upside scenarios (like UBS’s $110 target) and valuation‑sensitive caution (like HSBC’s $85 Hold), with consensus clustered just above the current price. ^[58]

The next major catalyst is Tuesday’s Q3 FY26 earnings report, which will either validate the recent insider and institutional confidence — or raise fresh questions about whether Marvell’s AI opportunity is already fully reflected in the share price.

Important note: This article is for informational and news purposes only and does not constitute investment advice, stock recommendations or a solicitation to buy or sell any security. Always do your own research and consider consulting a qualified financial adviser before making investment decisions.

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