Willem Meintjes Sells 4,000 Shares of Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc. (NASDAQ:MRVL) CFO Willem Meintjes sold 4,000 shares of Marvell Technology stock in a transaction on Friday, May 15th. The stock was sold at an average price of $175.24, for a total transaction of $700,960.00. Following the transaction, the chief financial officer directly owned 226,675 shares in the company, valued at approximately $39,722,527. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marvell Technology Trading Down 5.3%

Shares of NASDAQ MRVL traded down $9.43 during midday trading on Monday, reaching $167.46. 16,309,500 shares of the stock were exchanged, compared to its average volume of 21,002,080. The business has a 50-day simple moving average of $125.27 and a two-hundred day simple moving average of $98.83. The company has a market capitalization of $150.26 billion, a price-to-earnings ratio of 54.17, a P/E/G ratio of 1.48 and a beta of 2.25. Marvell Technology, Inc. has a 12 month low of $58.61 and a 12 month high of $192.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, equities research analysts expect that Marvell Technology, Inc. will post 3.04 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology’s payout ratio is 7.79%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MRVL. JPMorgan Chase & Co. boosted their price target on Marvell Technology from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Barclays raised shares of Marvell Technology from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $105.00 to $150.00 in a research report on Thursday, April 9th. TD Cowen boosted their price target on shares of Marvell Technology from $90.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Oppenheimer boosted their price target on shares of Marvell Technology from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.73.

Institutional Investors Weigh In On Marvell Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new stake in shares of Marvell Technology in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC increased its position in Marvell Technology by 978.3% during the first 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 acquired a new position in Marvell Technology during the fourth quarter worth approximately $25,000. Cherry Tree Wealth Management LLC acquired a new position in Marvell Technology during the fourth quarter worth approximately $26,000. Finally, MidFirst Bank acquired a new position in Marvell Technology during the fourth quarter worth approximately $28,000. 83.51% of the stock is owned by 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.