Marvell Technology (NASDAQ:MRVL) CFO Daniel Durn Sells 2,250 Shares

Marvell Technology, Inc. (NASDAQ:MRVL) CFO Daniel Durn sold 2,250 shares of Marvell Technology stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total value of $632,272.50. Following the completion of the sale, the chief financial officer owned 6,902 shares in the company, valued at approximately $1,939,531.02. The trade was a 24.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $279.04 on Wednesday. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $208.28 and a two-hundred day moving average of $129.83. The firm has a market cap of $244.10 billion, a P/E ratio of 95.56, a price-to-earnings-growth ratio of 2.02 and a beta of 2.29. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88.

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

Institutional Trading of Marvell Technology

Hedge funds and other institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC purchased a new position in Marvell Technology during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC lifted its holdings in shares of Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 225 shares during the last quarter. Jessup Wealth Management Inc acquired a new position in shares of Marvell Technology in the 4th quarter worth approximately $25,000. Cherry Tree Wealth Management LLC purchased a new position in shares of Marvell Technology during the 4th quarter worth approximately $26,000. Finally, MidFirst Bank acquired a new stake in Marvell Technology in the 4th quarter valued at approximately $28,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology News Roundup

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

• Positive Sentiment: Bank of America raised its price target on Marvell to $365 from $240 and kept a Buy rating, signaling confidence in further upside tied to AI infrastructure demand. Benzinga report on price target increase
• Positive Sentiment: KeyBanc also lifted its outlook and set a new Street-high target of $385, highlighting data center networking as a major long-term AI growth opportunity. Barchart article on new Street-high target
• Positive Sentiment: Recent articles and analyst commentary continue to emphasize Marvell’s role in AI data-center bandwidth and networking, including its Teralynx T100 switch, which supports the bullish investment case. Insider Monkey article on Teralynx T100
• Neutral Sentiment: A Seeking Alpha piece argued Marvell’s value is still being re-rated by the market, but it does not appear to introduce a new near-term catalyst. Seeking Alpha article on real value
• Negative Sentiment: Marvell CFO Daniel Durn sold 2,250 shares, a disclosure that may add some caution around insider sentiment, even though the sale was relatively small versus his remaining stake. SEC insider transaction filing

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MRVL shares. Benchmark increased their price target on Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, May 28th. The Goldman Sachs Group set a $180.00 price target on Marvell Technology in a report on Thursday, May 28th. Scotiabank initiated coverage on shares of Marvell Technology in a research report on Tuesday, May 26th. They set an “outperform” rating on the stock. UBS Group upped their price objective on shares of Marvell Technology from $195.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $232.74.

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.