Marvell Technology (NASDAQ:MRVL) COO Sells $2,032,700.00 in Stock

Marvell Technology, Inc. (NASDAQ:MRVL) COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $203.27, for a total transaction of $2,032,700.00. Following the completion of the sale, the chief operating officer directly owned 217,941 shares in the company, valued at approximately $44,300,867.07. This represents a 4.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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, August 3rd, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00.
• On Wednesday, July 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $281.92, for a total value of $2,819,200.00.

Marvell Technology Trading Up 7.0%

NASDAQ MRVL opened at $223.55 on Friday. The firm has a market capitalization of $196.03 billion, a PE ratio of 73.78, a price-to-earnings-growth ratio of 2.03 and a beta of 2.25. The business’s 50-day moving average price is $220.24 and its two-hundred day moving average price is $181.17. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 12 month low of $62.47 and a 12 month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The firm’s revenue was up 36.5% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, analysts expect that Marvell Technology, Inc. will post 3.03 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology’s dividend payout ratio is currently 7.92%.

Institutional Investors Weigh In On Marvell Technology

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings in shares of Marvell Technology by 29,523.4% in the 2nd quarter. California State Teachers Retirement System now owns 385,108,617 shares of the semiconductor company’s stock worth $114,720,006,000 after acquiring an additional 383,808,601 shares during the last quarter. BlackRock Inc. raised its stake in shares of Marvell Technology by 34.1% in the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after purchasing an additional 21,798,190 shares during the last quarter. Norges Bank bought a new position in shares of Marvell Technology in the fourth quarter valued at approximately $895,455,000. Bank of America Corp DE purchased a new position in shares of Marvell Technology during the second quarter valued at approximately $2,607,795,000. Finally, Legal & General Group Plc bought a new stake in Marvell Technology during the second quarter worth $1,742,526,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. William Blair reissued an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. Raymond James Financial reiterated a “strong-buy” rating on shares of Marvell Technology in a report on Wednesday, August 19th. Wolfe Research reissued an “outperform” rating and issued a $280.00 price objective on shares of Marvell Technology in a research note on Friday, August 28th. DA Davidson set a $225.00 target price on Marvell Technology in a research note on Tuesday, August 18th. Finally, Susquehanna lifted their target price on Marvell Technology from $230.00 to $265.00 and gave the stock a “positive” rating in a report on Tuesday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $265.76.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell’s planned acquisition of Celestial AI is providing the biggest near-term catalyst. The deal would add photonics technology designed to improve optical connectivity in AI data centers, potentially expanding Marvell’s opportunity as hyperscalers require more bandwidth. Why Marvell Stock Rallied Today
• Positive Sentiment: Investors are buying beaten-down AI silicon names as the market continues to anticipate strong hyperscaler spending. Marvell’s exposure to custom chips, networking and optical interconnects makes it a potential beneficiary of continued AI data-center investment. Marvell Rises as AI Silicon Rebounds
• Positive Sentiment: A recent earnings beat and raised multiyear outlook continue to support the bullish case. Quarterly revenue rose 36.5% year over year to $2.74 billion, while adjusted EPS of $0.94 exceeded estimates; data-center demand and an expanded hyperscaler relationship were key drivers.
• Positive Sentiment: An RBC analyst reportedly favors Marvell over Broadcom as an AI-stock dip-buying opportunity, reinforcing optimism that Marvell’s custom-silicon and connectivity businesses can benefit from the next phase of AI infrastructure expansion. RBC Analyst Compares Marvell and Broadcom

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.