Matthew Murphy Sells 7,500 Shares of Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc. (NASDAQ:MRVL) CEO Matthew Murphy sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the transaction, the chief executive officer directly owned 739,397 shares of the company’s stock, valued at $131,065,512.22. The trade was a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marvell Technology Price Performance

MRVL stock opened at $176.89 on Friday. The company has a fifty day moving average price of $125.27 and a 200-day moving average price of $98.76. The company has a market capitalization of $158.73 billion, a P/E ratio of 57.43, a PEG ratio of 1.52 and a beta of 2.25. Marvell Technology, Inc. has a 52-week low of $58.61 and a 52-week high of $192.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the firm earned $0.60 earnings per share. Marvell Technology’s quarterly revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, equities analysts expect that Marvell Technology, Inc. will post 3.04 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were paid 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 was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.79%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after purchasing an additional 15,166,976 shares during the last quarter. State Street Corp boosted its holdings in Marvell Technology by 7.9% during the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock worth $1,940,503,000 after purchasing an additional 1,677,724 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Marvell Technology by 59.7% during the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after purchasing an additional 6,217,952 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Marvell Technology by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock worth $1,025,185,000 after purchasing an additional 97,624 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Marvell Technology by 47.0% during the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock worth $1,000,689,000 after purchasing an additional 3,805,431 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Needham & Company LLC lowered their target price on shares of Marvell Technology from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Rosenblatt Securities lifted their target price on shares of Marvell Technology from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Craig Hallum lifted their target price on shares of Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Oppenheimer raised their price target on shares of Marvell Technology from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Finally, Cantor Fitzgerald raised their price target on shares of Marvell Technology from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Two investment 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $132.73.

Marvell Technology News Roundup

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

• Positive Sentiment: Bank of America and Goldman Sachs raised their price targets on Marvell, reinforcing optimism around AI networking, custom silicon, and data-center demand. BofA and Goldman Sachs reset Marvell stock price targets
• Positive Sentiment: Analysts and market coverage say Marvell’s optical and interconnect businesses could be a major hidden growth engine, with management reportedly lifting interconnect growth expectations to 50% for FY27. Marvell Technology Has a Hidden Growth Engine That Could Cause MRVL Stock to Skyrocket
• Positive Sentiment: New coverage says Marvell’s AI tailwinds remain strong, with demand for custom AI chips and data-center infrastructure continuing to accelerate. Marvell’s AI Tailwinds Are Heating Up. Is It Time to Buy the Breakout?
• Positive Sentiment: Reports also note that AMD disclosed a stake in Marvell, which may be read as validation of Marvell’s strategy and long-term opportunity. Robust Earnings Growth and Innovation Will Help the Marvell Stock Uptrend Keep Going

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.