Badgley Phelps Wealth Managers 13F: Cuts MRVL Stake by $1.2M

Badgley Phelps Wealth Managers cut back its holdings in Marvell Technology, Inc. MRVL, shedding 4,492 shares during the period according to a form 13F filing on October 22, 2026. That move lowered the firm's stake by 3.49%, leaving it with 124,111 shares valued at $32,791,368.00.

MRVL Marvell Technology, Inc.

$229.23 ▲ +156.87% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Badgley Phelps Wealth Managers's Marvell Technology, Inc. Position

The wealth manager entered the filing period with 128,603 shares of the semiconductor designer. By the end of the quarter, it held 124,111 shares after the 4,492-share reduction.

Other Institutional Activity in Marvell Technology, Inc.

Other institutional investors made larger adjustments to their portfolios during the same period. Royal Fund Management grew its holdings by 25,229 shares, ending with 26,276 shares worth about $6,942,382.00. Sumitomo Mitsui DS Asset Management Company grew its holdings by 12,648 shares, ending with 179,783 shares worth about $47,500,466.00. Annex Advisory Services grew its holdings by 175,209 shares, ending with 196,274 shares worth about $51,857,432.00. Tema Etfs opened a new position with 17,399 shares worth about $4,596,990.00. Patriot Financial Group Insurance Agency grew its holdings by 3,287 shares, ending with 3,996 shares worth about $1,055,667.00.

Marvell Technology, Inc. Stock Down 6.6%

Marvell shares recently traded around $228.58 as of October 24, 2026, up about 2.3% from the filing date close of $223.47. The stock sits below its 52-week high of $329.88.

Recent Earnings

Marvell reported $9,450,300,416.00 in trailing twelve-month revenue alongside a net profit margin of 27.9% and a return on equity of 16.5%. Its next earnings report is scheduled for December 1, 2026.

Dividend

Marvell pays an annual dividend rate of $0.24 per share, giving it a dividend yield of 0.11% with a payout ratio of 7.9%.

Insider Buying and Selling at Marvell Technology, Inc.

Company insiders completed several transactions prior to the filing, including sales by CEO Matthew Joseph Murphy and other executives.

Analysts Set New Price Targets

Wall Street analysts updated their views on the stock prior to the filing, maintaining strong buy ratings with a consensus mean price target of $341.44.

About Marvell Technology, Inc.

Marvell Technology designs and builds data infrastructure semiconductor solutions that move data from the center to the network edge. The company creates system-on-a-chip architectures for customers around the world.

Bottom Line

Investors will watch how Marvell shares perform leading up to the December 1, 2026 earnings release, along with subsequent institutional filings.