Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report) COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $281.92, for a total transaction of $2,819,200.00. Following the completion of the transaction, the chief operating officer owned 227,754 shares of the company’s stock, valued at approximately $64,208,407.68. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 Monday, June 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $205.87, for a total transaction of $2,058,700.00.
- On Friday, May 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The shares were 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 Trading Down 8.7%
Shares of NASDAQ MRVL traded down $25.84 during trading on Wednesday, reaching $272.05. The company had a trading volume of 33,684,546 shares, compared to its average volume of 30,392,373. The company’s fifty day moving average price is $222.81 and its 200-day moving average price is $136.37. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88. The stock has a market cap of $237.99 billion, a P/E ratio of 93.17, a PEG ratio of 1.82 and a beta of 2.29. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27.
Marvell Technology Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, July 10th will be given a $0.06 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s payout ratio is 8.22%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a research report on Wednesday, June 24th. Bank of America upped their price target on shares of Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group set a $180.00 price target on Marvell Technology in a report on Thursday, May 28th. Royal Bank Of Canada lifted their price objective on Marvell Technology from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, William Blair reissued an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus target price of $239.81.
Check Out Our Latest Stock Report on MRVL
Hedge Funds Weigh In On Marvell Technology
Several institutional investors have recently made changes to their positions in MRVL. Hilton Head Capital Partners LLC increased its position in Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 225 shares in the last quarter. Jessup Wealth Management Inc bought a new position in Marvell Technology in the fourth quarter worth approximately $25,000. Laurel Wealth Advisors LLC acquired a new stake in Marvell Technology in the fourth quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC acquired a new stake in Marvell Technology in the fourth quarter valued at approximately $26,000. Finally, Pittenger & Anderson Inc. increased its holdings in shares of Marvell Technology by 61.5% during the first quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.
Marvell Technology News Summary
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Multiple articles highlighted Marvell as a major AI infrastructure winner, with investors betting on its custom AI silicon, optical interconnects, and hyperscaler exposure. That has kept momentum strong after recent earnings and helped fuel the stock’s sharp multi-week run.
- Positive Sentiment: Analyst and media coverage remained constructive, including reports that UBS kept a Buy rating as Marvell gains ground in the data center CXL market, and Erste Group raised FY2028 earnings estimates, signaling confidence in longer-term growth.
- Positive Sentiment: Several pieces compared Marvell favorably within the AI chip trade and noted that Jensen Huang’s comments calling Marvell a potential “next trillion-dollar company” have added to bullish sentiment around the stock. Marvell’s CXL Outlook Brightens
- Neutral Sentiment: Some coverage focused on Marvell’s recent outperformance versus peers like Broadcom and AMD, which may keep traders interested but also frames the stock as expensive after its huge rally.
- Negative Sentiment: One morning update said the stock dipped in premarket trading as investors took profits in high-growth semiconductor names amid a softer broader market, suggesting near-term volatility could persist.
- Negative Sentiment: Articles questioning whether Marvell is overvalued and whether traders should take profits could cap further upside if investors become more cautious after the recent surge.
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.
Recommended Stories
- Five stocks we like better than Marvell Technology
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.
