Marvell Technology (NASDAQ:MRVL) CEO Matthew Murphy Sells 7,500 Shares of Stock

Marvell Technology, Inc. (NASDAQ:MRVL) CEO Matthew Murphy sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the completion of the sale, the chief executive officer directly owned 739,397 shares in the company, valued at $131,065,512.22. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a 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.

Marvell Technology Trading Up 2.6%

Shares of MRVL opened at $182.58 on Friday. The firm’s 50 day simple moving average is $123.30 and its 200 day simple moving average is $98.21. The company has a market capitalization of $159.66 billion, a P/E ratio of 59.28, a P/E/G ratio of 1.61 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. Marvell Technology, Inc. has a 1-year low of $58.61 and a 1-year high of $192.15.

Marvell Technology (NASDAQ:MRVL) last announced its 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. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. Marvell Technology’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Sell-side analysts forecast that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.79%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank Of Canada increased their price target on shares of Marvell Technology from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday. Rosenblatt Securities increased their price target on shares of Marvell Technology from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Craig Hallum increased their price target on shares of Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Benchmark reiterated a “buy” rating and set a $130.00 price target on shares of Marvell Technology in a research report on Tuesday, March 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MRVL. Vanguard Group Inc. grew 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 worth $6,692,830,000 after purchasing an additional 15,166,976 shares during the last quarter. Norges Bank bought a new position in shares of Marvell Technology in the fourth quarter worth approximately $895,455,000. Ameriprise Financial Inc. boosted its holdings in Marvell Technology by 59.7% in the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after acquiring an additional 6,217,952 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Marvell Technology by 47.0% in the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after acquiring an additional 3,805,431 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in Marvell Technology by 111.0% in the second quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company’s stock valued at $449,722,000 after acquiring an additional 3,056,808 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology News Roundup

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

• Positive Sentiment: Bank of America and Goldman Sachs raised their Marvell price targets, reinforcing the view that AI networking and custom silicon demand can keep driving growth. BofA and Goldman Sachs reset Marvell stock price targets
• Positive Sentiment: Recent coverage says Marvell’s AI tailwinds remain strong, with the stock breaking out on momentum tied to data-center and custom chip demand. Marvell’s AI Tailwinds Are Heating Up. Is It Time to Buy the Breakout?
• Positive Sentiment: Analyst commentary and market chatter point to a new high-profile custom AI chip alliance with Google, which is helping fuel the latest leg higher. What Is Going On With Marvell Tech Stock On Thursday?

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.