Marvell Technology (NASDAQ:MRVL) Insider Sells $667,359.03 in Stock

by · The Markets Daily

Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report) insider Sandeep Bharathi sold 2,231 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the completion of the sale, the insider directly owned 55,530 shares of the company’s stock, valued at approximately $16,610,688.90. This trade represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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, April 16th, Sandeep Bharathi sold 66,892 shares of Marvell Technology stock. The shares were sold at an average price of $130.35, for a total value of $8,719,372.20.
  • 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 Stock Performance

Shares of NASDAQ MRVL opened at $310.58 on Friday. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a one year low of $61.44 and a one year high of $329.88. The business has a 50-day moving average price of $201.51 and a two-hundred day moving average price of $126.81. The firm has a market capitalization of $271.70 billion, a PE ratio of 106.36, a PEG ratio of 2.03 and a beta of 2.29.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company earned $0.62 EPS. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, analysts predict that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

More Marvell Technology News

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

  • Positive Sentiment: Marvell is set to join the S&P 500 on June 22, which can drive demand from index funds and ETFs that track the benchmark.
  • Positive Sentiment: Investor sentiment remains strong after Nvidia CEO Jensen Huang praised Marvell, reinforcing its role in AI infrastructure and custom chip design.
  • Positive Sentiment: Recent analyst upgrades and sharply higher price targets suggest Wall Street sees more upside from Marvell’s AI networking and optical interconnect growth.
  • Positive Sentiment: Marvell’s recent earnings and guidance continue to show solid demand, with revenue growth tied to data-center and custom-chip momentum.
  • Neutral Sentiment: Several commentary pieces note that MRVL has run up quickly and may be trading at a demanding valuation, which could limit near-term upside even if the AI story stays intact.
  • Neutral Sentiment: Technical notes suggest the stock remains in a strong uptrend near highs, but it may pause for consolidation after a steep move.
  • Negative Sentiment: Marvell’s CFO filed to sell about $65 million of stock, and while insider sales can pressure sentiment, this looks like a large disclosure investors may view cautiously. Article: Marvell’s CFO Just Filed to Dump $65 Million of Stock
  • Negative Sentiment: A separate insider sale by Sandeep Bharathi was also disclosed, though it was tied to a pre-arranged 10b5-1 plan and tax withholding, making it less concerning on its own.

Institutional Trading of Marvell Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in 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 during the period. Wilson Asset Management International PTY Ltd. increased its position in Marvell Technology by 20.4% during the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock worth $11,442,000 after acquiring an additional 22,837 shares during the period. Varma Mutual Pension Insurance Co increased its position in Marvell Technology by 25.4% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock worth $13,477,000 after acquiring an additional 32,130 shares during the period. Equitable Trust Co. raised its stake in Marvell Technology by 23.3% during the 3rd quarter. Equitable Trust Co. now owns 68,254 shares of the semiconductor company’s stock valued at $5,738,000 after purchasing an additional 12,916 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp boosted its holdings in Marvell Technology by 60.5% in the 3rd quarter. Lombard Odier Asset Management USA Corp now owns 32,032 shares of the semiconductor company’s stock valued at $2,693,000 after purchasing an additional 12,076 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MRVL shares. Cantor Fitzgerald upped their price target on shares of Marvell Technology from $190.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a research report on Thursday, May 28th. B. Riley Financial raised their price target on Marvell Technology from $240.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Morgan Stanley lifted their price target on Marvell Technology from $172.00 to $195.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Finally, Citigroup boosted their price target on Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $228.71.

Read Our Latest Report on MRVL

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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