Sandeep Bharathi Sells 44,414 Shares of Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report) insider Sandeep Bharathi sold 44,414 shares of the firm’s stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $99.61, for a total transaction of $4,424,078.54. Following the transaction, the insider directly owned 55,199 shares in the company, valued at $5,498,372.39. This trade represents a 44.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Marvell Technology Price Performance

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

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

Marvell Technology Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MRVL. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Marvell Technology in a research report on Friday, March 6th. Stifel Nicolaus boosted their target price on shares of Marvell Technology from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. Susquehanna restated a “positive” rating on shares of Marvell Technology in a report on Tuesday, February 24th. Finally, Roth Mkm lifted their price objective on shares of Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.24.

View Our Latest Analysis on MRVL

Institutional Investors Weigh In On Marvell Technology

A number of large investors have recently modified their holdings of the business. Ellsworth Advisors LLC purchased a new position in shares of Marvell Technology in the third quarter worth about $5,864,000. Vanguard Group Inc. increased its holdings in Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after buying an additional 15,166,976 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its position in Marvell Technology by 1,292.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after buying an additional 361,807 shares during the last quarter. Norges Bank purchased a new stake in shares of Marvell Technology in the 2nd quarter valued at $716,713,000. Finally, Triasima Portfolio Management inc. acquired a new stake in shares of Marvell Technology in the third quarter worth $1,426,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

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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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