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Morningstar

Morningstar

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Oct 29, 2026

Marvell Technology, Inc.: Marvell: Blockbuster Lumentum Deal Looks Tempting, but Risks a Steep Overpay

Symbols

MRVL

Sector(s)

Technology

Rating

Current Price

196.40

Fair Value

Economic Moat

Stewardship

Summary

Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, and consumer end markets with processors, optical and copper transceivers, switches, and storage

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Analyst Profile

William Kerwin

Equity Analyst

William Kerwin is an associate equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar Inc. He provides support for broad coverage of companies within the technology space.Before joining the firm full-time in 2019, Kerwin was an intern on Morningstar's basic- materials team.Kerwin holds a Bachelor of Science in economics with a math emphasis and French from the University of Wisconsin-Madison.

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