Insider Selling: Marvell Technology (NASDAQ:MRVL) COO Sells 10,000 Shares of Stock

Marvell Technology, Inc. (NASDAQ:MRVL) COO Chris Koopmans sold 10,000 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the sale, the chief operating officer directly owned 133,870 shares of the company’s stock, valued at approximately $14,757,828.80. This trade represents a 6.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marvell Technology Stock Up 2.2%

MRVL opened at $109.51 on Tuesday. The firm has a 50 day moving average price of $85.95 and a 200 day moving average price of $86.00. The company has a market cap of $95.76 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 0.97 and a beta of 1.83. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $111.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01.

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

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders 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 annualized dividend and a yield of 0.2%. Marvell Technology’s dividend payout ratio (DPR) is 7.79%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Craig Hallum increased their price objective on shares of Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Evercore reaffirmed an “outperform” rating and issued a $133.00 price objective on shares of Marvell Technology in a research report on Wednesday, March 4th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marvell Technology in a research report on Tuesday, January 6th. Bank of America raised shares of Marvell Technology from a “neutral” rating to a “buy” rating and increased their price objective for the company from $90.00 to $110.00 in a research report on Friday, March 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Marvell Technology from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.24.

Hedge Funds Weigh In On Marvell Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. Jessup Wealth Management Inc purchased a new position in shares of Marvell Technology during the 4th quarter valued at approximately $25,000. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology during the 4th quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC purchased a new position in shares of Marvell Technology during the 4th quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Finally, MidFirst Bank purchased a new position in shares of Marvell Technology during the 4th quarter valued at approximately $28,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

About Marvell Technology

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.