Key Points
- Marvell CEO Matthew Murphy sold 7,500 shares on May 13 at an average price of $177.26, totaling about $1.33 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and Murphy still owns 739,397 shares.
- Marvell’s recent earnings topped expectations, with quarterly EPS of $0.80 versus the $0.79 estimate and revenue of $2.22 billion, up 22.1% year over year. The company also issued Q1 2027 guidance of $0.74 to $0.84 EPS.
- Analysts remain generally constructive on the stock, with Bank of America raising its target to $200 and the consensus rating sitting at Moderate Buy. The article also highlights ongoing optimism around AI, data-center, and custom chip demand.
Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) CEO Matthew Murphy sold 7,500 shares of Marvell Technology 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 completion of the sale, the chief executive officer owned 739,397 shares in the company, valued at approximately $131,065,512.22. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Marvell Technology Stock Performance
NASDAQ:MRVL opened at $182.58 on Friday. The stock has a market cap of $159.66 billion, a P/E ratio of 59.28, a price-to-earnings-growth ratio of 1.61 and a beta of 2.25. The firm's fifty day simple moving average is $123.30 and its 200 day simple moving average is $98.21. Marvell Technology, Inc. has a twelve month low of $58.61 and a twelve month high of $192.15. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.
Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $2.22 billion for 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 quarter in the previous year, the business posted $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, research analysts predict that Marvell Technology, Inc. will post 3.04 EPS for the current year.
Marvell Technology Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were issued a $0.06 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology's payout ratio is 7.79%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in MRVL. Hilton Head Capital Partners LLC grew its holdings in shares of Marvell Technology by 978.3% during the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company's stock valued at $25,000 after buying an additional 225 shares during the last quarter. Jessup Wealth Management Inc purchased a new position in Marvell Technology in the 4th quarter worth about $25,000. Laurel Wealth Advisors LLC purchased a new position in Marvell Technology in the 4th quarter worth about $25,000. Cherry Tree Wealth Management LLC purchased a new stake in shares of Marvell Technology during the 4th quarter valued at about $26,000. Finally, Pittenger & Anderson Inc. increased its position in shares of Marvell Technology by 61.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 83.51% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. TD Cowen boosted their target price on shares of Marvell Technology from $85.00 to $90.00 and gave the company a "hold" rating in a report on Friday, March 6th. Morgan Stanley boosted their target price on shares of Marvell Technology from $95.00 to $103.00 and gave the company an "equal weight" rating in a report on Friday, March 6th. Susquehanna restated a "positive" rating on shares of Marvell Technology in a report on Tuesday, February 24th. The Goldman Sachs Group restated a "neutral" rating and set a $125.00 target price on shares of Marvell Technology in a report on Wednesday. Finally, Bank of America boosted their target price on shares of Marvell Technology from $125.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $129.70.
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Key Headlines Impacting Marvell Technology
Here are the key news stories impacting Marvell Technology this week:
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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