Insider Selling: Marvell Technology (NASDAQ:MRVL) EVP Sells 6,900 Shares of Stock

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report) EVP Mark Casper sold 6,900 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $109.45, for a total value of $755,205.00. Following the sale, the executive vice president owned 10,263 shares of the company’s stock, valued at approximately $1,123,285.35. This represents a 40.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mark Casper also recently made the following trade(s):

  • On Thursday, April 2nd, Mark Casper sold 10,854 shares of Marvell Technology stock. The shares were sold at an average price of $107.01, for a total transaction of $1,161,486.54.
  • On Wednesday, April 1st, Mark Casper sold 7,000 shares of Marvell Technology stock. The shares were sold at an average price of $105.11, for a total transaction of $735,770.00.

Marvell Technology Price Performance

Shares of NASDAQ MRVL traded down $0.29 during midday trading on Tuesday, reaching $109.22. The company’s stock had a trading volume of 15,004,896 shares, compared to its average volume of 18,283,549. 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, Inc. has a fifty-two week low of $48.09 and a fifty-two week high of $111.89. The business’s 50 day moving average price is $85.95 and its two-hundred day moving average price is $86.00. The company has a market cap of $95.51 billion, a P/E ratio of 35.46, a P/E/G ratio of 0.97 and a beta of 1.83.

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

Marvell Technology Dividend Announcement

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 dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, April 10th. Marvell Technology’s payout ratio is currently 7.79%.

Trending Headlines about Marvell Technology

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

Analysts Set New Price Targets

A number of analysts recently weighed in on MRVL shares. Erste Group Bank started coverage on Marvell Technology in a research note on Thursday, April 2nd. They issued a “buy” rating on the stock. JPMorgan Chase & Co. upped their target price on Marvell Technology from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Craig Hallum upped their target price on Marvell Technology from $141.00 to $164.00 and gave the company a “buy” 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. Finally, Royal Bank Of Canada upped their target price on Marvell Technology from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.24.

Check Out Our Latest Report on MRVL

Hedge Funds Weigh In On Marvell Technology

A number of institutional investors and hedge funds have recently made changes to their positions in MRVL. Vanguard Group Inc. lifted its position in Marvell Technology by 23.5% in the 3rd 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. State Street Corp increased its stake in Marvell Technology by 7.9% in the 4th quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock valued at $1,940,503,000 after buying an additional 1,677,724 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Marvell Technology by 59.7% in 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 buying an additional 6,217,952 shares during the last quarter. Geode Capital Management LLC increased its stake in Marvell Technology by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after buying an additional 97,624 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Marvell Technology by 47.0% in the 3rd quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after buying an additional 3,805,431 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Company Profile

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Marvell Technology (NASDAQ:MRVL)

Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.