Marvell Technology (NASDAQ:MRVL) Trading Down 3.4% on Insider Selling

Marvell Technology, Inc. (NASDAQ:MRVL)’s stock price was down 3.4% on Tuesday following insider selling activity. The company traded as low as $88.04 and last traded at $88.90. Approximately 22,369,757 shares changed hands during trading, an increase of 15% from the average daily volume of 19,481,543 shares. The stock had previously closed at $92.00.

Specifically, EVP Mark Casper sold 1,253 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $101.00, for a total transaction of $126,553.00. Following the completion of the sale, the executive vice president directly owned 9,023 shares in the company, valued at $911,323. This represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Analysts Set New Price Targets

MRVL has been the subject of a number of research analyst reports. Craig Hallum reissued a “buy” rating and set a $141.00 target price on shares of Marvell Technology in a research report on Wednesday, December 3rd. Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a research report on Wednesday, December 3rd. Summit Redstone set a $105.00 target price on shares of Marvell Technology in a report on Wednesday, October 15th. Zacks Research upgraded Marvell Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Finally, Bank of America reissued a “neutral” rating and issued a $78.00 price objective (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.56.

Marvell Technology Price Performance

The stock has a market cap of $78.42 billion, a PE ratio of 32.45, a P/E/G ratio of 0.86 and a beta of 1.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The business has a fifty day moving average of $88.21 and a 200 day moving average of $77.92.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the business earned $0.43 EPS. Marvell Technology’s revenue for the quarter was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio is currently 8.42%.

Marvell Technology announced that its board has initiated a stock repurchase plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Marvell Technology by 160.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Game Plan Financial Advisors LLC bought a new position in Marvell Technology during the 2nd quarter worth approximately $27,000. Kiker Wealth Management LLC grew its position in shares of Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Nova Wealth Management Inc. increased its holdings in shares of Marvell Technology by 3,922.2% in the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 353 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Marvell Technology during the 2nd quarter valued at approximately $32,000. 83.51% of the stock is owned by institutional investors and hedge funds.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.