Chris Koopmans Sells 10,000 Shares of Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc. (NASDAQ:MRVL) COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $205.87, for a total value of $2,058,700.00. Following the completion of the transaction, the chief operating officer directly owned 237,392 shares in the company, valued at $48,871,891.04. This trade represents a 4.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Koopmans also recently made the following trade(s):

• On Friday, May 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The shares were sold at an average price of $162.76, for a total transaction of $1,627,600.00.
• On Monday, April 6th, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $290.79 on Wednesday. Marvell Technology, Inc. has a 1 year low of $61.15 and a 1 year high of $291.30. The firm has a market capitalization of $254.38 billion, a price-to-earnings ratio of 99.59, a price-to-earnings-growth ratio of 1.58 and a beta of 2.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The business has a fifty day moving average of $148.77 and a 200 day moving average of $106.95.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates 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 return on equity of 13.83% and a net margin of 28.99%.Marvell Technology’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, research analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a $0.06 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 8.22%.

More Marvell Technology News

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

• Positive Sentiment: Nvidia CEO Jensen Huang called Marvell “the next trillion-dollar company,” a strong public endorsement that sent shares surging and reinforced optimism around Marvell’s role in AI networking, custom silicon, and data-center connectivity. Reuters article on Marvell surge after Huang comment
• Positive Sentiment: Marvell also introduced its Teralynx T100, a 102.4 Tbps switch designed for AI and cloud data centers, which supports the investment case that the company is directly benefiting from rising AI infrastructure demand. Marvell announces Teralynx T100 switch
• Positive Sentiment: Coverage across multiple outlets highlighted strong analyst and investor enthusiasm for Marvell’s AI growth story, including comparisons showing it as one of the more favored AI chip names alongside Broadcom. TipRanks coverage on AVGO vs MRVL
• Neutral Sentiment: One item noted that Marvell COO Chris Koopmans sold 10,000 shares under a pre-arranged 10b5-1 plan; the sale may look negative, but it appears routine rather than a new bearish signal. Insider trade disclosure for Marvell COO
• Neutral Sentiment: Some commentary warns the stock has already had an enormous run and now trades at a rich valuation, which could limit upside if AI expectations cool. Seeking Alpha valuation caution on Marvell

Analysts Set New Price Targets

Several research firms have commented on MRVL. Craig Hallum upped their price objective on Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Wells Fargo & Company raised their price target on shares of Marvell Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Royal Bank Of Canada lifted their price objective on shares of Marvell Technology from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Zacks Research raised shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Melius Research set a $220.00 price target on Marvell Technology in a report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $215.19.

Hedge Funds Weigh In On Marvell Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake 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 worth $6,692,830,000 after purchasing an additional 15,166,976 shares in the last quarter. Wilson Asset Management International PTY Ltd. grew its position 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 purchasing an additional 22,837 shares in the last quarter. Varma Mutual Pension Insurance Co increased its holdings in shares of Marvell Technology by 25.4% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock valued at $13,477,000 after purchasing an additional 32,130 shares during the last quarter. Equitable Trust Co. lifted its position in Marvell Technology by 23.3% during the third quarter. Equitable Trust Co. now owns 68,254 shares of the semiconductor company’s stock worth $5,738,000 after buying an additional 12,916 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp boosted its stake in Marvell Technology by 60.5% during the third quarter. Lombard Odier Asset Management USA Corp now owns 32,032 shares of the semiconductor company’s stock worth $2,693,000 after buying an additional 12,076 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

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.