Marvell Technology (NASDAQ:MRVL) Stock Price Down 4.5% Following Insider Selling

Marvell Technology, Inc. (NASDAQ:MRVL) shares dropped 4.5% during mid-day trading on Monday following insider selling activity. The stock traded as low as $165.10 and last traded at $168.93. Approximately 24,354,113 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 21,093,275 shares. The stock had previously closed at $176.89.

Specifically, CFO Willem A. Meintjes sold 4,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the transaction, the chief financial officer owned 226,675 shares of the company’s stock, valued at approximately $39,722,527. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total value of $1,329,450.00. Following the completion of the transaction, the chief executive officer directly owned 739,397 shares of the company’s stock, valued at $131,065,512.22. This represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

MRVL has been the subject of a number of analyst reports. Bank of America increased their price target on Marvell Technology from $125.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. KGI Securities upgraded Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Friday, March 6th. Oppenheimer upped their price objective on Marvell Technology from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group restated a “neutral” rating and set a $125.00 price objective on shares of Marvell Technology in a research note on Wednesday, May 13th. Finally, Melius Research set a $220.00 price objective on Marvell Technology in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.30.

Marvell Technology Price Performance

The company has a 50 day simple moving average of $125.27 and a 200-day simple moving average of $98.83. The stock has a market cap of $151.59 billion, a price-to-earnings ratio of 54.85, a PEG ratio of 1.48 and a beta of 2.25. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.22% and a net margin of 32.58%.The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, research analysts anticipate that Marvell Technology, Inc. will post 3.04 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a dividend of $0.06 per share. 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 dividend payout ratio is presently 7.79%.

Institutional Trading of Marvell Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Marvell Technology by 23.5% during 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 purchasing an additional 15,166,976 shares in the last quarter. Triasima Portfolio Management inc. bought a new stake in shares of Marvell Technology in the 3rd quarter worth $1,426,000. Varma Mutual Pension Insurance Co raised its stake in shares of Marvell Technology by 25.4% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock worth $13,477,000 after buying an additional 32,130 shares in the last quarter. Wilson Asset Management International PTY Ltd. lifted its holdings in shares of Marvell Technology by 20.4% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock valued at $11,442,000 after buying an additional 22,837 shares during the period. Finally, Strs Ohio boosted its stake in Marvell Technology by 27.7% during the third quarter. Strs Ohio now owns 742,781 shares of the semiconductor company’s stock valued at $62,446,000 after buying an additional 161,082 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

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.