Insider Selling: Marvell Technology (NASDAQ:MRVL) Insider Sells 44,414 Shares of Stock

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report) insider Sandeep Bharathi sold 44,414 shares of the business’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $99.61, for a total transaction of $4,424,078.54. Following the transaction, the insider owned 55,199 shares in the company, valued at $5,498,372.39. This trade represents a 44.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Marvell Technology Trading Down 2.9%

Shares of MRVL opened at $94.88 on Friday. The company’s fifty day simple moving average is $83.36 and its 200-day simple moving average is $84.33. The company has a market cap of $82.97 billion, a P/E ratio of 30.81, a P/E/G ratio of 0.89 and a beta of 1.97. 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 twelve month low of $47.08 and a twelve month high of $102.77.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 10th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, April 10th. Marvell Technology’s payout ratio is 7.79%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jessup Wealth Management Inc purchased a new stake in shares of Marvell Technology in the 4th quarter worth $25,000. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology during the fourth quarter valued at $25,000. Cherry Tree Wealth Management LLC purchased a new position in shares of Marvell Technology during the fourth quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Marvell Technology by 160.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Finally, MidFirst Bank purchased a new stake in Marvell Technology in the fourth quarter worth about $28,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MRVL shares. Bank of America raised Marvell Technology from a “neutral” rating to a “buy” rating and raised their price target for the stock from $90.00 to $110.00 in a research note on Friday, March 6th. B. Riley Financial reaffirmed a “buy” rating and issued a $135.00 price objective (up from $130.00) on shares of Marvell Technology in a research report on Friday, March 6th. Wall Street Zen lowered Marvell Technology from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. TD Cowen lifted their target price on Marvell Technology from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, March 6th. Finally, Jefferies Financial Group boosted their target price on shares of Marvell Technology from $80.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.24.

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Marvell Technology Company Profile

(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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