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

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report) COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $162.76, for a total transaction of $1,627,600.00. Following the sale, the chief operating officer directly owned 209,592 shares of the company’s stock, valued at approximately $34,113,193.92. This represents a 4.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $168.82 on Wednesday. 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, Inc. has a fifty-two week low of $53.78 and a fifty-two week high of $172.98. The firm has a 50-day simple moving average of $110.46 and a 200 day simple moving average of $93.96. The company has a market cap of $147.62 billion, a PE ratio of 54.81, a P/E/G ratio of 1.48 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVLGet Free Report) last announced its quarterly earnings data 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. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, sell-side analysts anticipate that Marvell Technology, Inc. will post 3.04 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a $0.06 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio is 7.79%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Marvell Technology by 23.5% during the third 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 during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Marvell Technology by 1,292.1% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock valued at $32,656,000 after purchasing an additional 361,807 shares during the last quarter. Triasima Portfolio Management inc. acquired a new stake in Marvell Technology during the third quarter valued at approximately $1,426,000. Robeco Schweiz AG lifted its stake in Marvell Technology by 1.4% during the third quarter. Robeco Schweiz AG now owns 973,765 shares of the semiconductor company’s stock valued at $81,864,000 after purchasing an additional 12,977 shares during the last quarter. Finally, Strs Ohio lifted 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 purchasing an additional 161,082 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MRVL has been the subject of several recent analyst reports. Wall Street Zen cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Cantor Fitzgerald upped their target price on shares of Marvell Technology from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. B. Riley Financial upped their target price on shares of Marvell Technology from $135.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Rosenblatt Securities upped their target price on shares of Marvell Technology from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, TD Cowen upped their target price on shares of Marvell Technology from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.00.

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Marvell Technology Company Profile

(Get Free Report)

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.

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