Midwest Trust 13F: Adds $14M to Marvell Technology (MRVL) Stake

Midwest Trust grew its stake in Marvell Technology, Inc. MRVL by 52,770 shares during the period, according to a Form 13F filed with the SEC on October 22, 2026. The purchase lifted the firm's investment significantly.

MRVL Marvell Technology, Inc.

$221.31 ▲ +147.99% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Midwest Trust's Marvell Technology Position

Midwest Trust lifted its holdings by a dramatic 3,374.0% during the quarter. The fund started the period with 1,564 shares and bought 52,770 more to finish with 54,334 shares. That expanded stake carried a reported value of about $14.4 million as of the filing date.

Marvell Technology, Inc. Stock Down 7.0%

Marvell shares closed at $223.47 on October 22, 2026, and recently traded at $223.55. The stock sits about 32.2% below its 52-week high of $329.88 and well above its 200-day moving average of $178.15. The semiconductor company carries a market capitalization of roughly $220.0 billion.

Recent Earnings

Marvell generated $9.45 billion in trailing-twelve-month revenue with earnings of $3.04 per share. The company posted a net profit margin of 27.9% and a return on equity of 16.5%, alongside year-over-year revenue growth of 36.5%. Its next quarterly earnings report is scheduled for December 1, 2026.

Dividend

The chip developer pays an annual dividend rate of $0.24 per share, giving investors a dividend yield of 0.1%. That payout uses 7.9% of the company's earnings.

Insider Buying and Selling at Marvell Technology, Inc.

Company executives trimmed their holdings ahead of the filing period. President Christopher Koopmans sold 10,000 shares for $1.8 million on August 3, 2026, and another 10,000 shares for about $2.0 million on September 1, 2026. Chief Executive Officer Matthew Joseph Murphy sold 7,500 shares for $1.8 million on August 17, 2026, and sold an additional 7,500 shares for roughly $1.7 million on September 15, 2026.

Wall Street Coverage and Price Targets

Analyst firms remain largely bullish on the semiconductor developer. On October 7, 2026, UBS maintained a Buy rating while lifting its target from $335.00 to $350.00. Jefferies kept a Buy rating and raised its target from $325.00 to $450.00 on the same day. JP Morgan maintained an Overweight rating and bumped its target to $360.00 from $305.00. Wells Fargo kept an Overweight rating with a $365.00 target, up from $310.00. Wolfe Research also maintained an Outperform rating and raised its target to $375.00 from $280.00. Across the broader analyst community, the stock holds a consensus Strong Buy recommendation with a mean price target of $341.63.

About Marvell Technology, Inc.

Marvell Technology designs and builds data infrastructure semiconductors and system-on-a-chip architectures. Its hardware integrates analog, mixed-signal, and digital signal processing technology for data centers and network edges worldwide, supporting high-speed data transmission across modern networks.

Bottom Line

Midwest Trust holds a sizable position in Marvell following its sharp increase during the period. Investors will look toward the company's upcoming earnings release on December 1, 2026, to gauge ongoing demand for its data infrastructure chips.