Key Points
- Marvell Technology CFO Willem Meintjes sold 4,000 shares on May 15 at an average price of $175.24, totaling about $700,960. The sale was made under a pre-arranged Rule 10b5-1 plan.
- After the transaction, Meintjes still held 226,675 shares valued at roughly $39.7 million, and the sale reduced his ownership by 1.73%.
- The report comes amid continued optimism around Marvell’s AI and data-center growth, though the stock has also seen some profit-taking and valuation concerns after a strong rally.
Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) CFO Willem Meintjes sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $175.24, for a total transaction of $700,960.00. Following the transaction, the chief financial officer owned 226,675 shares in the company, valued at approximately $39,722,527. This trade represents a 1.73% decrease in their ownership of the stock. The sale 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 Stock Performance
Shares of MRVL opened at $168.93 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. The firm has a market cap of $151.59 billion, a PE ratio of 54.85, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. The company's 50 day simple moving average is $127.14 and its 200-day simple moving average is $99.40. Marvell Technology, Inc. has a 12-month low of $58.61 and a 12-month high of $192.15.
Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The company's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, equities 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 dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology's dividend payout ratio (DPR) is currently 7.79%.
Institutional Investors Weigh In On Marvell Technology
Several institutional investors have recently modified their holdings of the company. Oddo BHF Asset Management Sas boosted its stake in shares of Marvell Technology by 4.2% during the 1st quarter. Oddo BHF Asset Management Sas now owns 74,252 shares of the semiconductor company's stock worth $7,355,000 after acquiring an additional 3,000 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Marvell Technology by 66.8% during the 1st quarter. Arkadios Wealth Advisors now owns 47,725 shares of the semiconductor company's stock worth $4,727,000 after acquiring an additional 19,111 shares in the last quarter. Encore Global Management LP purchased a new stake in shares of Marvell Technology during the 1st quarter worth approximately $3,388,000. Sunbelt Securities Inc. boosted its stake in shares of Marvell Technology by 33.3% during the 1st quarter. Sunbelt Securities Inc. now owns 3,099 shares of the semiconductor company's stock worth $307,000 after acquiring an additional 774 shares in the last quarter. Finally, Amundi boosted its position in shares of Marvell Technology by 25.1% in the 1st quarter. Amundi now owns 4,563,354 shares of the semiconductor company's stock worth $452,000,000 after buying an additional 916,735 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.
Key Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on MRVL shares. The Goldman Sachs Group reissued a "neutral" rating and set a $125.00 price target on shares of Marvell Technology in a report on Wednesday, May 13th. TD Cowen lifted their price objective on shares of Marvell Technology from $90.00 to $190.00 and gave the company a "hold" rating in a research report on Friday. Weiss Ratings reiterated a "hold (c)" rating on shares of Marvell Technology in a research report on Friday, March 27th. UBS Group lifted their price objective on shares of Marvell Technology from $120.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded shares of Marvell Technology from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $135.30.
View Our Latest Stock 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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