Insider Selling: Marvell Technology (NASDAQ:MRVL) Insider Sells $4,424,078.54 in Stock

Marvell Technology, Inc. (NASDAQ:MRVL) insider Sandeep Bharathi sold 44,414 shares of Marvell Technology stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $99.61, for a total value of $4,424,078.54. Following the completion of the transaction, the insider owned 55,199 shares of the company’s stock, valued at approximately $5,498,372.39. This represents a 44.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Marvell Technology Trading Down 7.5%

Shares of NASDAQ MRVL opened at $87.81 on Tuesday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $102.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The business’s 50 day moving average is $83.51 and its two-hundred day moving average is $84.73. The stock has a market capitalization of $76.79 billion, a P/E ratio of 28.51, a PEG ratio of 0.86 and a beta of 1.97.

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

Marvell Technology Announces Dividend

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

Institutional Investors Weigh In On Marvell Technology

Several hedge funds have recently made changes to their positions in MRVL. Vanguard Group Inc. raised its holdings in shares of Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after acquiring an additional 15,166,976 shares in the last quarter. Norges Bank bought a new position in Marvell Technology during the 4th quarter worth about $895,455,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Marvell Technology by 4,758.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock worth $544,603,000 after acquiring an additional 6,891,393 shares in the last quarter. Ameriprise Financial Inc. increased its position in Marvell Technology by 59.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after purchasing an additional 6,217,952 shares during the period. Finally, Amundi increased its position in Marvell Technology by 113.4% during the 2nd quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock valued at $642,140,000 after purchasing an additional 4,596,309 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. KeyCorp increased their target price on shares of Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Melius Research raised shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Monday, January 5th. Barclays upped their price target on shares of Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. Cantor Fitzgerald reissued a “neutral” rating on shares of Marvell Technology in a research report on Friday, March 6th. Finally, Rosenblatt Securities raised their price objective on shares of Marvell Technology from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $117.24.

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.