Marvell Technology (NASDAQ:MRVL) Insider Sandeep Bharathi Sells 66,892 Shares of Stock

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report) insider Sandeep Bharathi sold 66,892 shares of Marvell Technology stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the transaction, the insider owned 55,199 shares of the company’s stock, valued at approximately $7,195,189.65. The trade was a 54.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.

Sandeep Bharathi also recently made the following trade(s):

  • On Thursday, March 26th, Sandeep Bharathi sold 44,414 shares of Marvell Technology stock. The stock was sold at an average price of $99.61, for a total value of $4,424,078.54.

Marvell Technology Price Performance

Shares of MRVL opened at $133.37 on Friday. The firm has a market cap of $116.63 billion, a price-to-earnings ratio of 43.30, a PEG ratio of 1.22 and a beta of 1.83. The stock has a 50 day moving average of $93.48 and a 200-day moving average of $88.51. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 52 week low of $48.09 and a 52 week high of $138.19.

Marvell Technology (NASDAQ:MRVLGet Free Report) last issued 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. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, April 10th will be given a $0.06 dividend. The ex-dividend date is Friday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. Marvell Technology’s dividend payout ratio (DPR) is presently 7.79%.

Institutional Trading of Marvell Technology

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake 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 worth $6,692,830,000 after buying an additional 15,166,976 shares in the last quarter. Norges Bank bought a new stake in shares of Marvell Technology in the 4th quarter worth $895,455,000. Ameriprise Financial Inc. raised its stake in shares of Marvell Technology by 59.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after buying an additional 6,217,952 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Marvell Technology by 47.0% in the 3rd quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock worth $1,000,689,000 after buying an additional 3,805,431 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its stake in shares of Marvell Technology by 111.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company’s stock worth $449,722,000 after buying an additional 3,056,808 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

More Marvell Technology News

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Erste Group Bank assumed coverage on Marvell Technology in a research report on Thursday, April 2nd. They issued a “buy” rating for the company. Bank of America upgraded Marvell Technology from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $110.00 in a research report on Friday, March 6th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Benchmark restated a “buy” rating and set a $130.00 price objective on shares of Marvell Technology in a research report on Tuesday, March 31st. Finally, TD Cowen boosted their price objective on Marvell Technology from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus target price of $121.06.

Read Our Latest Stock Analysis on Marvell Technology

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.

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

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