Marvell Technology (NASDAQ:MRVL) COO Sells $2,058,700.00 in Stock

Marvell Technology, Inc. (NASDAQ:MRVL) COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $205.87, for a total value of $2,058,700.00. Following the transaction, the chief operating officer directly owned 237,392 shares of the company’s stock, valued at $48,871,891.04. This represents a 4.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $162.76, for a total value of $1,627,600.00.
• On Monday, April 6th, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $110.24, for a total value of $1,102,400.00.

Marvell Technology Stock Up 3.7%

Shares of MRVL opened at $301.65 on Thursday. The company has a 50-day simple moving average of $157.06 and a 200-day simple moving average of $109.88. The firm has a market capitalization of $263.88 billion, a P/E ratio of 103.30, a P/E/G ratio of 1.92 and a beta of 2.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $324.20.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is currently 8.22%.

More Marvell Technology News

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

• Positive Sentiment: Nvidia’s Jensen Huang publicly praised Marvell as a key AI infrastructure partner, reinforcing the bull case for its custom chips, networking silicon, and optical interconnect products. Reuters: Marvell Technology surges after Nvidia’s Huang calls it ‘next trillion-dollar company’
• Positive Sentiment: Marvell’s recent launch of its Teralynx T100 switch silicon, plus strong AI data-center demand, is being viewed as validation that its products are gaining share in next-generation AI networking. Yahoo Finance: Marvell’s ‘Trillion-Dollar’ Potential Propels Firm to All-Time High
• Positive Sentiment: Wall Street has been raising price targets and turning more constructive after Marvell’s earnings, which adds support to the stock’s move higher. Motley Fool: Why Marvell Technology Bumped Higher Again on Wednesday
• Neutral Sentiment: Broadcom’s strong AI-driven results helped keep semiconductor sentiment hot, supporting the sector-wide rally that has benefited MRVL. Yahoo Finance: Broadcom Beats Second-Quarter Views as AI Revenue More Than Doubles
• Neutral Sentiment: Some commentary says the stock’s valuation is now very rich after the huge run-up, which could limit upside if results or AI enthusiasm cool. Zacks: Micron vs. Marvell: Only One AI Semiconductor Stock Is a Buy This June
• Negative Sentiment: A recent insider sale by Marvell COO Chris Koopmans may create some caution, even though it was executed under a pre-arranged trading plan. Insider Trades: Marvell Technology COO Sells Stock

Analyst Ratings Changes

A number of research analysts have recently commented on MRVL shares. Jefferies Financial Group upped their price objective on shares of Marvell Technology from $149.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. The Goldman Sachs Group set a $180.00 price objective on shares of Marvell Technology in a research report on Thursday, May 28th. Roth Mkm upped their price objective on shares of Marvell Technology from $135.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Compass Point set a $190.00 price objective on shares of Marvell Technology in a research report on Tuesday, May 26th. Finally, Susquehanna upped their target price on shares of Marvell Technology from $100.00 to $230.00 and gave the company a “positive” rating in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $215.19.

Institutional Trading of Marvell Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC increased its stake in Marvell Technology by 978.3% in the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 225 shares during the period. Jessup Wealth Management Inc bought a new stake in Marvell Technology during the fourth quarter worth about $25,000. Laurel Wealth Advisors LLC bought a new stake in Marvell Technology during the fourth quarter worth about $25,000. Cherry Tree Wealth Management LLC bought a new stake in Marvell Technology during the fourth quarter worth about $26,000. Finally, Pittenger & Anderson Inc. grew its stake in Marvell Technology by 61.5% during the first quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock worth $31,000 after buying an additional 120 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

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.