Daniel Durn Sells 2,250 Shares of Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc. (NASDAQ:MRVL) CFO Daniel Durn sold 2,250 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total transaction of $632,272.50. Following the completion of the transaction, the chief financial officer directly owned 6,902 shares in the company, valued at $1,939,531.02. The trade was a 24.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Marvell Technology Trading Down 9.4%

Shares of MRVL traded down $28.82 during trading on Tuesday, reaching $279.04. 46,057,215 shares of the company traded hands, compared to its average volume of 30,070,471. The stock has a 50-day simple moving average of $205.26 and a 200-day simple moving average of $128.57. The stock has a market cap of $244.10 billion, a PE ratio of 95.56, a price-to-earnings-growth ratio of 2.03 and a beta of 2.29. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $329.88. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Institutional Investors Weigh In On Marvell Technology

A number of large investors have recently modified their holdings of MRVL. Laurel Wealth Advisors LLC acquired a new position in shares of Marvell Technology during the fourth quarter worth $25,000. Hilton Head Capital Partners LLC lifted its holdings in Marvell Technology by 978.3% during the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. Jessup Wealth Management Inc purchased a new stake in Marvell Technology during the 4th quarter worth about $25,000. Cherry Tree Wealth Management LLC acquired a new position in shares of Marvell Technology during the 4th quarter worth about $26,000. Finally, MidFirst Bank acquired a new position in shares of Marvell Technology during the 4th quarter worth about $28,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Benchmark raised their price target on Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Compass Point set a $190.00 target price on Marvell Technology in a research note on Tuesday, May 26th. HSBC set a $300.00 target price on Marvell Technology and gave the company a “buy” rating in a report on Tuesday, May 26th. Morgan Stanley lifted their target price on Marvell Technology from $172.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, Citigroup boosted their price target on shares of Marvell Technology from $118.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $232.74.

More Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Bank of America raised its price target on Marvell to $365 from $240 and kept a buy rating, reinforcing the bullish view that AI infrastructure demand can keep driving growth. Benzinga report on Marvell price target hike
• Positive Sentiment: KeyBanc also lifted its outlook and set a new Street-high target, citing data center networking as a major long-term AI growth opportunity. Barchart article on KeyBanc target hike
• Positive Sentiment: Recent coverage highlighted Marvell’s Teralynx T100 switch, a 102.4 Tbps product aimed at easing AI data-center bandwidth bottlenecks, underscoring its role in AI infrastructure buildout. Insider Monkey article on Teralynx T100
• Neutral Sentiment: Articles on Marvell’s S&P 500 equal-weighted index inclusion and ongoing AI product expansion add visibility, but they are more supportive of the longer-term story than a direct same-day catalyst. Yahoo Finance article on S&P 500 debut and AI switch
• Negative Sentiment: Marvell stock is also being hit by sector-wide de-risking in AI and optical networking names, while insider sales and a recent CFO transition may be adding a bit of caution around the shares. Quiver Quantitative article on MRVL decline

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.