Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report)’s stock price was down 5.6% on Friday after an insider sold shares in the company. The stock traded as low as $226.52 and last traded at $227.83. 21,195,282 shares were traded during trading, a decline of 23% from the average daily volume of 27,505,809 shares. The stock had previously closed at $241.24.
Specifically, CEO Matthew Murphy sold 7,500 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $235.47, for a total transaction of $1,766,025.00. Following the completion of the transaction, the chief executive officer owned 768,186 shares of the company’s stock, valued at approximately $180,884,757.42. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sandeep Bharathi sold 3,685 shares of the business’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $234.97, for a total value of $865,864.45. Following the completion of the transaction, the insider directly owned 58,748 shares of the company’s stock, valued at approximately $13,804,017.56. This trade represents a 5.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Analysts Set New Price Targets
A number of analysts recently commented on MRVL shares. Weiss Ratings raised Marvell Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. B. Riley Financial decreased their price target on shares of Marvell Technology from $345.00 to $315.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Roth Capital reaffirmed a “buy” rating and issued a $350.00 target price on shares of Marvell Technology in a research note on Thursday, August 20th. JPMorgan Chase & Co. increased their target price on Marvell Technology from $305.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Finally, Seaport Research Partners started coverage on Marvell Technology in a report on Tuesday, September 22nd. They issued a “buy” rating and a $270.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $327.36.
Check Out Our Latest Stock Report on Marvell Technology
More Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell’s recent investor-day outlook points to strong long-term revenue growth, supported by rising demand for custom AI chips and data-center infrastructure. Some analysts believe this growth could make the stock a multibagger over time. Got $1,000? 1 Top Stock to Buy Amid the Semiconductor Sell-Off Before It Triples by 2030
- Positive Sentiment: The company formed a security standards group with Microsoft and Oracle and unveiled six-channel CXL memory expansion technology, 224G-per-lane connectivity and other products aimed at the growing AI data-center market. Marvell Technology Forms Security Group and Unveils Six Channel AI Memory
- Positive Sentiment: Erste Group Bank raised its earnings-per-share forecast for Marvell, adding support to the bullish long-term view. MRVL Stock Gets Increased EPS Forecast from Erste Group Bank
- Neutral Sentiment: Marvell remains a heavily watched AI and semiconductor stock. Its valuation and recent performance are attracting both dip-buying interest and caution after a sharp period of volatility. Marvell Technology Is Attracting Investor Attention
- Negative Sentiment: Broadcom CEO Hock Tan’s warning about the enormous capital requirements and funding risks surrounding AI infrastructure is weighing particularly heavily on custom AI-chip suppliers, including Marvell. Investors are questioning whether hyperscalers can sustain current AI spending levels. Broadcom Falls as Capital Warning Hangs Over AI Chips
- Negative Sentiment: A hotter-than-expected U.S. inflation reading and rising interest-rate expectations have pressured high-growth technology stocks, making Marvell’s elevated valuation more vulnerable to multiple contraction. Intel, Marvell, CoreWeave, TSMC, Apple, and More Stocks That Explain Today’s Market
Marvell Technology Stock Performance
The firm has a market cap of $199.78 billion, a price-to-earnings ratio of 75.19, a PEG ratio of 7.31 and a beta of 2.26. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $240.96 and a 200 day moving average of $216.03.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the business earned $0.67 EPS. Marvell Technology’s revenue for the quarter was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities research analysts expect that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.
Marvell Technology Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.
Institutional Investors Weigh In On Marvell Technology
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in Marvell Technology by 34.1% during the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after acquiring an additional 21,798,190 shares during the period. State Street Corp lifted its stake in Marvell Technology by 79.3% in the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after buying an additional 18,495,866 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Marvell Technology during the second quarter worth about $2,607,795,000. Bank of New York Mellon Corp boosted its stake in Marvell Technology by 153.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock valued at $2,370,604,000 after purchasing an additional 4,815,725 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Marvell Technology in the second quarter valued at approximately $1,742,526,000. 83.51% of the stock is owned by institutional investors and hedge funds.
Marvell Technology Company Profile
Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.
The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.
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