Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report) COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $203.27, for a total value of $2,032,700.00. Following the completion of the sale, the chief operating officer directly owned 217,941 shares in the company, valued at approximately $44,300,867.07. The trade was a 4.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, August 3rd, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00.
- On Wednesday, July 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $281.92, for a total value of $2,819,200.00.
Marvell Technology Trading Down 1.9%
NASDAQ:MRVL traded down $3.91 during midday trading on Wednesday, hitting $206.48. 14,993,872 shares of the company traded hands, compared to its average volume of 28,927,217. The firm has a market capitalization of $181.06 billion, a P/E ratio of 68.15, a P/E/G ratio of 1.21 and a beta of 2.25. The firm’s fifty day moving average is $223.93 and its 200-day moving average is $179.05. Marvell Technology, Inc. has a 12-month low of $61.44 and a 12-month high of $329.88. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27.
Marvell Technology Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio is 7.92%.
Institutional Trading of Marvell Technology
Institutional investors have recently modified their holdings of the company. Intech Investment Management LLC grew its holdings in Marvell Technology by 3.9% in the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after purchasing an additional 1,085 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Marvell Technology by 22.7% during the 2nd quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock valued at $1,348,000 after purchasing an additional 3,221 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Marvell Technology during the 2nd quarter valued at $354,000. Treasurer of the State of North Carolina boosted its position in shares of Marvell Technology by 3.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock worth $31,256,000 after purchasing an additional 11,572 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Marvell Technology by 1.0% during the 2nd quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock worth $31,855,000 after buying an additional 4,060 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.
Key Stories Impacting Marvell Technology
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell reported quarterly revenue of approximately $2.74 billion, up 37% year over year, while data-center revenue rose 46% to about $2.17 billion. Adjusted earnings also exceeded consensus estimates. Marvell’s Data Center Machine Keeps Rewriting Its Own Forecast
- Positive Sentiment: Management raised its near-term guidance and increased its multiyear revenue outlook, reinforcing the view that custom silicon, networking and connectivity demand from AI data centers remains strong. Marvell Beat and Raised Guidance
- Positive Sentiment: The expanded Alphabet/Google relationship and planned acquisition of Celestial AI could strengthen Marvell’s position in optical connectivity and photonics for hyperscale AI infrastructure. Why Is Marvell Technology Pushing Deeper Into AI Photonics?
- Neutral Sentiment: Analysts and commentators remain divided: some view the pullback as an opportunity based on Marvell’s AI growth, while others prefer Broadcom because of its broader customer base and potentially lower dependence on a few hyperscalers. Marvell vs. Broadcom
- Negative Sentiment: Investors were disappointed that the Google deal’s near-term contribution appears difficult to quantify; some covered programs were already included in management’s prior targets, and the revenue benefit may arrive gradually rather than producing an immediate forecast surge. Marvell’s Hyperscaler Deal Lands in a Fiscal Year Management Will Not Size Yet
- Negative Sentiment: Lower free-cash-flow margins and a softer margin outlook are weighing on the stock, particularly because MRVL trades at a demanding growth valuation. A downgrade and broader selling in high-growth technology shares have added pressure. What’s Going on With Marvell Stock on Wednesday?
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on MRVL. Evercore reiterated an “outperform” rating and issued a $155.00 target price on shares of Marvell Technology in a report on Tuesday, May 19th. The Goldman Sachs Group set a $220.00 price objective on shares of Marvell Technology in a research note on Friday, August 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a $360.00 target price on shares of Marvell Technology in a report on Thursday, August 20th. DA Davidson set a $225.00 target price on shares of Marvell Technology in a research report on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of Marvell Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $265.76.
Read Our Latest Stock Report on MRVL
About Marvell Technology
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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