Marvell Technology (NASDAQ:MRVL) COO Sells $2,058,700.00 in Stock

Key Points

  • Marvell Technology COO Chris Koopmans sold 10,000 shares on June 1 at an average price of $205.87, totaling about $2.06 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
  • After the transaction, Koopmans still held 237,392 shares worth roughly $48.9 million, reducing his ownership by about 4.04%. He had also sold 10,000 shares in both April and May at lower prices.
  • Marvell’s fundamentals and outlook remain strong: the company recently reported earnings and revenue that met or slightly beat expectations, and analysts have been raising price targets, with consensus still calling the stock a Moderate Buy.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $205.87, for a total value of $2,058,700.00. Following the completion of the transaction, the chief operating officer directly owned 237,392 shares in the company, valued at $48,871,891.04. The trade was a 4.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Koopmans also recently made the following trade(s):

  • On Friday, May 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $162.76, for a total value of $1,627,600.00.
  • On Monday, April 6th, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $110.24, for a total value of $1,102,400.00.

Marvell Technology Trading Up 7.0%

Shares of NASDAQ:MRVL opened at $219.43 on Tuesday. The stock has a market capitalization of $196.90 billion, a price-to-earnings ratio of 75.15, a PEG ratio of 1.48 and a beta of 2.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The stock's 50-day simple moving average is $148.77 and its two-hundred day simple moving average is $106.95. Marvell Technology, Inc. has a 52-week low of $59.53 and a 52-week high of $225.14.




Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 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 for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the company earned $0.62 earnings per share. The business's revenue for the quarter 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. Analysts expect that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology's dividend payout ratio (DPR) is 8.22%.

Trending Headlines about Marvell Technology

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

Institutional Trading of Marvell Technology

A number of large investors have recently added to or reduced their stakes in MRVL. Laurel Wealth Advisors LLC bought a new stake in Marvell Technology in the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC increased its stake in Marvell Technology by 978.3% in 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 last quarter. Jessup Wealth Management Inc bought a new stake in Marvell Technology in the 4th quarter worth approximately $25,000. Cherry Tree Wealth Management LLC bought a new stake in Marvell Technology in the 4th quarter worth approximately $26,000. Finally, MidFirst Bank bought a new stake in Marvell Technology in the 4th quarter worth approximately $28,000. Institutional investors own 83.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MRVL. Zacks Research raised Marvell Technology from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 31st. UBS Group raised their price objective on Marvell Technology from $195.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday. Jefferies Financial Group raised their price objective on Marvell Technology from $149.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday. TD Cowen raised their price objective on Marvell Technology from $180.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, Bank of America raised their price objective on Marvell Technology from $200.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $212.34.

Read Our Latest Analysis on Marvell Technology

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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