Sandeep Bharathi Sells 2,231 Shares of Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc. (NASDAQ:MRVL) insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the transaction, the insider owned 55,530 shares in the company, valued at $16,610,688.90. This trade represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sandeep Bharathi also recently made the following trade(s):

• On Thursday, April 16th, Sandeep Bharathi sold 66,892 shares of Marvell Technology stock. The stock was sold at an average price of $130.35, for a total transaction of $8,719,372.20.
• On Thursday, March 26th, Sandeep Bharathi sold 44,414 shares of Marvell Technology stock. The stock was sold at an average price of $99.61, for a total value of $4,424,078.54.

Marvell Technology Trading Up 3.9%

Shares of Marvell Technology stock traded up $10.87 during trading hours on Wednesday, reaching $289.54. The stock had a trading volume of 50,270,248 shares, compared to its average volume of 27,841,770. The firm has a 50 day simple moving average of $189.96 and a two-hundred day simple moving average of $122.53. The firm has a market capitalization of $253.29 billion, a price-to-earnings ratio of 99.16, a P/E/G ratio of 2.02 and a beta of 2.29. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 1 year low of $61.44 and a 1 year high of $324.20.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Hedge Funds Weigh In On Marvell Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC raised its holdings 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 purchasing an additional 225 shares in the last quarter. Jessup Wealth Management Inc bought a new position in Marvell Technology during the 4th quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of Marvell Technology during the 4th quarter valued at $25,000. Cherry Tree Wealth Management LLC acquired a new position in shares of Marvell Technology during the 4th quarter valued at $26,000. Finally, Pittenger & Anderson Inc. raised its stake in shares of Marvell Technology by 61.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock worth $31,000 after buying an additional 120 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Nvidia’s reported $2 billion investment and Jensen Huang’s endorsement strengthen Marvell’s AI growth narrative and may attract more buyers. Marvell Gains Attention After Nvidia Backing
• Positive Sentiment: Marvell’s upcoming addition to the S&P 500 could trigger passive fund and ETF buying. Marvell, Flex Could Be Days Away From Massive Passive-Fund Tailwind
• Positive Sentiment: Coverage continues to point to strong AI infrastructure demand, healthy bookings, and ongoing data center momentum. Marvell Stock Soars 228% This Year. Data Center Momentum Is Still Hot, But Future Upside May Be Limited.
• Neutral Sentiment: Several articles suggest Marvell has already had a huge run this year, so some investors are debating whether upside is becoming more limited at current levels. Marvell’s 265% Surge Faces $1 Trillion Test
• Negative Sentiment: Some recent commentary warns that Marvell’s growth may need to accelerate further to justify the stock’s rapid rise, which could temper enthusiasm. Marvell Needs Lots of Growth to Achieve Huang’s $1 Trillion Call

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. KeyCorp raised their target price on shares of Marvell Technology from $130.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Morgan Stanley increased their price target on Marvell Technology from $172.00 to $195.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. B. Riley Financial boosted their price objective on Marvell Technology from $240.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Barclays boosted their price target on Marvell Technology from $150.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $224.68.

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.