Marvell Technology (NASDAQ:MRVL) CEO Sells $2,961,000.00 in Stock

Marvell Technology, Inc. (NASDAQ:MRVL) CEO Matthew Murphy sold 30,000 shares of the stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $98.70, for a total value of $2,961,000.00. Following the completion of the transaction, the chief executive officer directly owned 310,106 shares of the company’s stock, valued at $30,607,462.20. This represents a 8.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Marvell Technology Trading Down 7.5%

MRVL opened at $87.81 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $102.77. The stock has a market cap of $76.79 billion, a PE ratio of 28.51, a PEG ratio of 0.86 and a beta of 1.97. The business has a 50 day moving average of $83.51 and a 200-day moving average of $84.73.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Equities research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, April 10th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio is currently 7.79%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MRVL shares. Rosenblatt Securities lifted their price target on shares of Marvell Technology from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Evercore restated an “outperform” rating and issued a $133.00 price objective on shares of Marvell Technology in a report on Wednesday, March 4th. Citigroup raised their target price on shares of Marvell Technology from $113.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Raymond James Financial reiterated a “strong-buy” rating on shares of Marvell Technology in a report on Tuesday, January 6th. Finally, KGI Securities raised Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.24.

Institutional Trading of Marvell Technology

Institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC increased its stake in Marvell Technology by 3.9% during the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after purchasing an additional 1,085 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Marvell Technology in the second quarter worth approximately $821,000. CreativeOne Wealth LLC lifted its stake in shares of Marvell Technology by 9.4% in the second quarter. CreativeOne Wealth LLC now owns 9,760 shares of the semiconductor company’s stock worth $755,000 after buying an additional 840 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Marvell Technology by 16.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 33,083 shares of the semiconductor company’s stock valued at $2,561,000 after buying an additional 4,631 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of Marvell Technology by 16.7% during the second quarter. J.W. Cole Advisors Inc. now owns 23,051 shares of the semiconductor company’s stock valued at $1,784,000 after buying an additional 3,294 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Company Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.