Marvell Technology (NASDAQ:MRVL) COO Chris Koopmans Sells 10,000 Shares of Stock

Marvell Technology, Inc. (NASDAQ:MRVL) COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $203.27, for a total value of $2,032,700.00. Following the completion of the sale, the chief operating officer directly owned 217,941 shares in the company, valued at approximately $44,300,867.07. This represents a 4.39% decrease in their ownership of the stock. The sale was disclosed in a legal 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, August 3rd, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00.
• On Wednesday, July 1st, Chris Koopmans sold 10,000 shares of Marvell Technology stock. The shares were sold at an average price of $281.92, for a total value of $2,819,200.00.

Marvell Technology Stock Performance

MRVL opened at $206.48 on Thursday. Marvell Technology, Inc. has a 12-month low of $61.44 and a 12-month high of $329.88. The firm has a market capitalization of $181.06 billion, a P/E ratio of 68.15, a price-to-earnings-growth ratio of 1.22 and a beta of 2.25. The stock’s 50 day moving average price is $222.55 and its two-hundred day moving average price is $179.95. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the business earned $0.67 earnings per share. Marvell Technology’s revenue for the quarter was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, equities analysts forecast that Marvell Technology, Inc. will post 3.03 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, July 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s payout ratio is presently 7.92%.

Hedge Funds Weigh In On Marvell Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. Hilton Head Capital Partners LLC raised its holdings in Marvell Technology by 978.3% during the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 225 shares during the last quarter. Jessup Wealth Management Inc acquired a new stake in shares of Marvell Technology during the 4th quarter worth approximately $25,000. Cherry Tree Wealth Management LLC bought a new stake in shares of Marvell Technology during the fourth quarter worth approximately $26,000. C M Bidwell & Associates Ltd. acquired a new position in Marvell Technology in the second quarter valued at approximately $27,000. Finally, MidFirst Bank acquired a new position in Marvell Technology in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets started coverage on Marvell Technology in a research note on Thursday, August 20th. They set an “outperform” rating and a $250.00 price target on the stock. Oppenheimer boosted their price objective on Marvell Technology from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. KeyCorp reaffirmed an “overweight” rating on shares of Marvell Technology in a report on Friday, August 28th. HC Wainwright reissued a “buy” rating on shares of Marvell Technology in a report on Tuesday, August 25th. Finally, Wells Fargo & Company raised their target price on Marvell Technology from $240.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $265.76.

More Marvell Technology News

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

• Positive Sentiment: Marvell reported record quarterly revenue of approximately $2.74 billion, up 36.5% year over year, and adjusted earnings of $0.94 per share, slightly ahead of expectations. Data-center revenue rose 46% to roughly $2.17 billion, reinforcing the strength of demand for AI infrastructure. Marvell’s Data Center Machine Keeps Rewriting Its Own Forecast
• Positive Sentiment: Management raised its multiyear revenue outlook by about $1.5 billion, while quarterly guidance also exceeded estimates. The expanded relationship with Alphabet’s Google and continued hyperscaler spending support the longer-term AI custom-chip and connectivity opportunity. Marvell Beat and Raised Guidance
• Positive Sentiment: Marvell plans to acquire Celestial AI, adding photonics technology aimed at faster optical connectivity in AI data centers. The move could broaden Marvell’s addressable market as bandwidth requirements increase. Why Is Marvell Pushing Deeper Into AI Photonics?

About Marvell Technology

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.