Sandeep Bharathi Sells 2,231 Shares of Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc. (NASDAQ:MRVL) insider Sandeep Bharathi sold 2,231 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the transaction, the insider owned 55,530 shares of the company’s stock, valued at $16,610,688.90. This trade represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $8,719,372.20.
• On Thursday, March 26th, Sandeep Bharathi sold 44,414 shares of Marvell Technology stock. The shares were sold at an average price of $99.61, for a total transaction of $4,424,078.54.

Marvell Technology Stock Up 7.3%

MRVL stock opened at $310.58 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The company’s 50 day simple moving average is $197.58 and its 200-day simple moving average is $125.51. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88. The firm has a market capitalization of $271.70 billion, a PE ratio of 106.36, a P/E/G ratio of 1.90 and a beta of 2.29.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $0.62 EPS. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities analysts expect that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marvell Technology

Several large investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new stake in Marvell Technology in the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC lifted its holdings in shares of Marvell Technology by 978.3% during the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 225 shares during the period. Jessup Wealth Management Inc purchased a new position in shares of Marvell Technology during the 4th quarter worth about $25,000. Cherry Tree Wealth Management LLC acquired a new stake in shares of Marvell Technology in the fourth quarter worth approximately $26,000. Finally, MidFirst Bank acquired a new stake in shares of Marvell Technology in the fourth quarter worth approximately $28,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MRVL. UBS Group upped their price objective on Marvell Technology from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research note on Friday, March 27th. Raymond James Financial set a $235.00 target price on shares of Marvell Technology and gave the company a “strong-buy” rating in a report on Thursday, May 28th. Scotiabank began coverage on shares of Marvell Technology in a report on Tuesday, May 26th. They set an “outperform” rating for the company. Finally, TD Cowen boosted their price objective on shares of Marvell Technology from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $228.71.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: KeyBanc raised its price target on Marvell by 48% to $385 and kept an Overweight rating, reinforcing confidence in the company’s optical networking and AI infrastructure opportunity. Marvell Stock (MRVL) Soars after Top Analyst Boosts Price Target by 48%
• Positive Sentiment: News that Marvell plans to use TSMC’s next-generation 1.4-nanometer technology, plus a major shipment milestone and upcoming S&P 500 inclusion, added to the bullish momentum. Why Marvell Technology (MRVL) Stock Is Up Today
• Positive Sentiment: Marvell said it shipped over 5 million photonic chips, highlighting demand in AI data-center infrastructure and strengthening the company’s growth narrative. MRVL Stock Rises Premarket: Marvell Ships Over 5M Photonic Chips Ahead Of S&P 500 Entry
• Positive Sentiment: The company’s June 22 entry into the S&P 500 is expected to trigger passive-fund and ETF buying, which can create additional demand for the shares. Marvell, Flex Could Be Days Away From Massive Passive-Fund Tailwind
• Neutral Sentiment: Recent coverage says Marvell’s AI momentum is real, but the stock may already be expensive after a huge run, which could limit further upside in the near term. Marvell Stock Analysis: My Final Verdict
• Neutral Sentiment: An insider sale was disclosed, but it was made under a pre-arranged trading plan and for tax withholding, so it appears routine rather than a negative signal. Insider trade disclosure

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.