Marvell Technology (NASDAQ:MRVL) CEO Matthew Murphy Sells 30,000 Shares

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report) CEO Matthew Murphy sold 30,000 shares of Marvell Technology stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $98.70, for a total value of $2,961,000.00. Following the transaction, the chief executive officer owned 310,106 shares in the company, valued at $30,607,462.20. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Marvell Technology Price Performance

Shares of MRVL opened at $94.88 on Friday. The stock has a 50 day simple moving average of $83.36 and a 200 day simple moving average of $84.33. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $102.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The firm has a market capitalization of $82.97 billion, a PE ratio of 30.81, a P/E/G ratio of 0.89 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVLGet Free Report) last announced its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the company posted $0.60 EPS. The business’s quarterly revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, April 10th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is presently 7.79%.

Key Stories Impacting Marvell Technology

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

Wall Street Analysts Forecast Growth

MRVL has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a report on Monday, December 29th. KeyCorp boosted their price target on Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. UBS Group upped their price objective on Marvell Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Piper Sandler set a $110.00 price objective on Marvell Technology in a report on Wednesday, December 3rd. Finally, Melius Research raised Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.24.

View Our Latest Report on Marvell Technology

Institutional Investors Weigh In On Marvell Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after acquiring an additional 15,166,976 shares in the last quarter. State Street Corp raised its holdings in Marvell Technology by 7.9% during the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock worth $1,940,503,000 after acquiring an additional 1,677,724 shares in the last quarter. Brown Advisory Inc. raised its holdings in Marvell Technology by 8.0% during the second quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after acquiring an additional 1,539,809 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Marvell Technology by 59.7% during the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after purchasing an additional 6,217,952 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Marvell Technology by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after purchasing an additional 97,624 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

About Marvell Technology

(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.

Further Reading

Insider Buying and Selling by Quarter for Marvell Technology (NASDAQ:MRVL)

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