Key Points
- Marvell COO Chris Koopmans sold 10,000 shares for about $1.87 million at an average price of $186.97, reducing his position by 4.7%. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still owns 202,800 shares.
- Marvell’s latest reported quarter beat estimates slightly, with EPS of $0.94 versus $0.93 expected and revenue of $2.74 billion versus $2.72 billion; revenue rose 36.5% year over year.
- Analyst views are mixed: the stock has a consensus “Moderate Buy” rating, but some firms recently downgraded it or cut price targets, citing risks around the proposed Lumentum acquisition.
Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the completion of the sale, the chief operating officer directly owned 202,800 shares of the company's stock, valued at approximately $37,917,516. This represents a 4.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Thursday, October 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $262.05, for a total value of $2,620,500.00.
- On Tuesday, September 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $203.27, for a total value of $2,032,700.00.
Marvell Technology Stock Up 0.3%
Shares of MRVL opened at $171.97 on Wednesday. The business's fifty day moving average price is $240.15 and its two-hundred day moving average price is $183.26. The firm has a market capitalization of $150.80 billion, a price-to-earnings ratio of 56.76, a PEG ratio of 5.11 and a beta of 2.32. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17.
Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.01. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. During the same quarter in the previous year, the company posted $0.67 earnings per share. The firm's quarterly revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.
Marvell Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, October 9th. Marvell Technology's dividend payout ratio (DPR) is presently 7.92%.
Hedge Funds Weigh In On Marvell Technology
Several hedge funds have recently added to or reduced their stakes in MRVL. University of Texas Texas AM Investment Management Co. bought a new stake in Marvell Technology in the third quarter valued at approximately $104,000. Almanack Investment Partners LLC. bought a new position in shares of Marvell Technology during the third quarter worth $6,320,000. Means Investment CO. Inc. bought a new position in shares of Marvell Technology during the third quarter worth $318,000. Johnson & White Wealth Management LLC bought a new position in shares of Marvell Technology during the third quarter worth $877,000. Finally, Elite Wealth Management Inc. acquired a new position in shares of Marvell Technology in the 3rd quarter valued at $8,358,000. Institutional investors and hedge funds own 83.51% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on MRVL. Benchmark restated a "buy" rating on shares of Marvell Technology in a research report on Monday, August 24th. Erste Group Bank cut shares of Marvell Technology from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Wells Fargo & Company lowered their price target on shares of Marvell Technology from $365.00 to $285.00 and set an "overweight" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Marvell Technology from $305.00 to $360.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 7th. Finally, TD Cowen lowered shares of Marvell Technology from a "buy" rating to a "hold" rating and cut their price objective for the company from $350.00 to $175.00 in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $300.85.
Check Out Our Latest Stock Analysis on Marvell Technology
Key Headlines Impacting Marvell Technology
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: The proposed all-stock acquisition of Lumentum would combine Marvell’s custom chips and networking products with Lumentum’s optical technology for AI data centers. Marvell expects more than $1 billion in annual cost savings and says the deal could increase adjusted earnings per share in its first year after closing. Read More.
- Positive Sentiment: Some analysts continue to see upside: BMO kept its Buy rating and $325 target, while UBS maintained its Buy rating and $350 target, viewing the deal as supportive of Marvell’s optical-networking opportunity. Read More. Read More.
- Neutral Sentiment: Shares recovered some ground as chip stocks bounced following a sharp selloff, though the rebound followed pronounced losses tied to the acquisition announcement. Read More.
- Neutral Sentiment: COO Chris Koopmans sold 10,000 shares under a pre-arranged Rule 10b5-1 trading plan; he retained 202,800 shares, making the transaction less clearly a signal about near-term prospects. Read More.
- Negative Sentiment: Downgrades and steep target cuts highlighted concerns about dilution, regulatory approval, potential customer conflicts, and execution. BofA cut its rating to Neutral and TD Cowen moved to Hold, with both sharply reducing their targets. Read More. Read More.
About Marvell Technology
(
Get Free Report)
Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.
The company's portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.
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