Marvell Technology (NASDAQ:MRVL) Shares Down 7% on Insider Selling

Marvell Technology, Inc. (NASDAQ:MRVL) was down 7% during trading on Monday following insider selling activity. The stock traded as low as $88.92 and last traded at $92.00. Approximately 40,541,651 shares were traded during mid-day trading, an increase of 108% from the average daily volume of 19,468,402 shares. The stock had previously closed at $98.91.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $130.00 price objective (up from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Summit Redstone set a $105.00 price target on Marvell Technology in a research report on Wednesday, October 15th. Hsbc Global Res upgraded Marvell Technology to a “hold” rating in a research note on Monday, November 24th. BNP Paribas upgraded shares of Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Finally, Citigroup reaffirmed a “buy” rating and issued a $114.00 target price on shares of Marvell Technology in a report on Friday, December 5th. Four 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $111.56.

Marvell Technology Trading Down 3.4%

The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $88.04 and its two-hundred day simple moving average is $77.81. The company has a market cap of $75.40 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 0.89 and a beta of 1.93.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were given a dividend of $0.06 per share. The ex-dividend date was Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s payout ratio is 8.42%.

Marvell Technology announced that its Board of Directors has authorized a share buyback plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Marvell Technology

Hedge funds have recently modified their holdings of the business. Taylor Frigon Capital Management LLC grew its position in Marvell Technology by 16.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after purchasing an additional 4,748 shares during the last quarter. Waterfront Wealth Inc. raised its holdings in shares of Marvell Technology by 21.5% during the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after buying an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd acquired a new position in shares of Marvell Technology during the second quarter worth approximately $1,486,000. Westbourne Investments Inc. grew its holdings in Marvell Technology by 442.4% in the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after buying an additional 17,695 shares in the last quarter. Finally, Norges Bank acquired a new stake in Marvell Technology in the 2nd quarter valued at approximately $716,713,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Company Profile

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.