Marvell Technology (NASDAQ:MRVL) COO Sells $2,819,200.00 in Stock

by · The Cerbat Gem

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report) COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $281.92, for a total transaction of $2,819,200.00. Following the completion of the sale, the chief operating officer directly owned 227,754 shares in the company, valued at $64,208,407.68. This represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, June 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $205.87, for a total value of $2,058,700.00.
  • On Friday, May 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The shares were 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 shares were sold at an average price of $110.24, for a total value of $1,102,400.00.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $245.29 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 firm has a market cap of $214.58 billion, a price-to-earnings ratio of 84.00, a price-to-earnings-growth ratio of 1.61 and a beta of 2.20. The stock’s 50-day moving average is $228.93 and its 200-day moving average is $139.53. Marvell Technology, Inc. has a one year low of $61.44 and a one year high of $329.88.

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

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, July 10th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio is 8.22%.

Analyst Ratings Changes

MRVL has been the topic of a number of research reports. TD Cowen boosted their price objective on shares of Marvell Technology from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Benchmark increased their target price on shares of Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Jefferies Financial Group raised their target price on shares of Marvell Technology from $149.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Erste Group Bank initiated coverage on shares of Marvell Technology in a research note on Thursday, April 2nd. They issued a “buy” rating on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $240.00 price target on shares of Marvell Technology in a research report on Friday, June 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $239.81.

View Our Latest Report on MRVL

Institutional Investors Weigh In On Marvell Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC increased its holdings in Marvell Technology by 978.3% during the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. Jessup Wealth Management Inc acquired a new stake in Marvell Technology in the fourth quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new stake in Marvell Technology in the fourth quarter valued at $25,000. Cherry Tree Wealth Management LLC bought a new position in shares of Marvell Technology in the 4th quarter valued at about $26,000. Finally, Pittenger & Anderson Inc. grew its position in shares of Marvell Technology by 61.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 120 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology News Summary

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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