Sumitomo Mitsui DS Asset Management Company 13F: Adds $3.3M to MRVL Stake

Sumitomo Mitsui DS Asset Management Company boosted its stake in Marvell Technology, Inc. MRVL by purchasing an additional 12,648 shares during the period. According to a Form 13F filed with the SEC on October 20, 2026, the fund's total holding increased to 179,783 shares with a reported value of $47,500,466.

MRVL Marvell Technology, Inc.

$241.07 ▲ +170.14% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Sumitomo Mitsui DS Asset Management Company's Marvell Technology, Inc. Position

The institutional investor expanded its position by 7.567535226014899% compared to its prior count of 167,135 shares. The added shares brought the fund's end-of-period position to nearly 180,000 shares, reflecting continued exposure to the semiconductor developer.

Marvell Technology, Inc. Stock Up 5.5%

Marvell shares closed at $240.42 on October 20, 2026, and recently traded at the exact same level of $240.42 as of October 21, 2026. The stock sits below its 52-week high of $329.88 and far above its 52-week low of $70.69. Trading activity places the shares near their 50-day moving average of $241.41 while maintaining a strong cushion over the 200-day moving average of $176.62.

Recent Earnings

Marvell generated trailing-twelve-month revenue of $9,450,300,416 with earnings of $3.16 per share. The company reported a net profit margin of 27.9% and a return on equity of 16.5%, alongside year-over-year revenue growth of 36.5%. The next earnings report is scheduled for December 1, 2026.

Dividend

Eligible shareholders receive an annual dividend rate of $0.24 per share, translating to a dividend yield of 0.1%. The payout accounts for 7.9% of earnings.

Insider Buying and Selling at Marvell Technology, Inc.

Company insiders executed several transactions ahead of the filing. President Christopher R. Koopmans sold 10,000 shares at an average price of $180.50 on August 3, 2026, for a total value of $1,805,000. Chief Executive Officer Matthew Joseph Murphy sold 7,500 shares at $236.08 on August 17, 2026, valued at $1,770,600. Later, on September 1, 2026, Mr. Koopmans sold another 10,000 shares at $203.27 totaling $2,032,700. Finally, Mr. Murphy sold 7,500 shares at $223.39 on September 15, 2026, worth $1,675,425.

Analysts Set New Price Targets

Wall Street research firms adjusted their outlooks in early October 2026. On October 7, 2026, UBS maintained a buy rating while raising its price target to $350.00 from $335.00. Jefferies kept a buy rating on October 7, 2026, lifting its target to $450.00 from $325.00. JP Morgan maintained an overweight rating on October 7, 2026, moving its target from $305.00 to $360.00. Wells Fargo reiterated an overweight rating on October 7, 2026, with a target update to $365.00 from $310.00. Wolfe Research also maintained an outperform rating on October 7, 2026, pushing its target to $375.00 from $280.00. Across the broader analyst community, 44 opinions give the stock a consensus strong buy rating with a mean price target of $341.63.

About Marvell Technology, Inc.

Marvell Technology, Inc. provides data infrastructure semiconductor solutions spanning from the data center core to the network edge. Based in Wilmington, Delaware, the firm designs and scales system-on-a-chip architectures that integrate analog, mixed-signal, and digital signal processing technology for international markets.

Bottom Line

Investors tracking Marvell will look to the December 1, 2026 earnings release for further financial updates. The stock trades with a trailing P/E ratio of 75.02848 and a forward P/E of 32.349392 while capturing strong interest from institutional funds and analysts alike.