Marvell Technology (NASDAQ:MRVL) EVP Mark Casper Sells 5,000 Shares of Stock

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report) EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mark Casper also recently made the following trade(s):

  • On Friday, December 5th, Mark Casper sold 1,253 shares of Marvell Technology stock. The stock was sold at an average price of $101.00, for a total value of $126,553.00.

Marvell Technology Price Performance

MRVL stock opened at $84.64 on Thursday. The stock’s 50 day moving average price is $87.74 and its 200 day moving average price is $80.55. The firm has a market cap of $71.78 billion, a P/E ratio of 29.70, a PEG ratio of 0.85 and a beta of 1.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48.

Marvell Technology (NASDAQ:MRVLGet Free Report) last issued its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business’s revenue was up 36.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio is presently 8.42%.

Marvell Technology announced that its Board of Directors has initiated a share buyback program on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

MRVL has been the topic of several analyst reports. Needham & Company LLC raised their price objective on Marvell Technology from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Cowen reissued a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Barclays lifted their price target on Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. Oppenheimer reiterated an “outperform” rating and set a $150.00 price objective (up from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Finally, Melius Research upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Monday. Four analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $116.03.

Get Our Latest Research Report on Marvell Technology

Key Headlines Impacting Marvell Technology

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

Institutional Investors Weigh In On Marvell Technology

Institutional investors have recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology during the second quarter worth about $27,000. Kiker Wealth Management LLC boosted its position in shares of Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares during the period. Nova Wealth Management Inc. grew its stake in shares of Marvell Technology by 3,922.2% in the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 353 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Marvell Technology in the second quarter valued at about $32,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Company Profile

(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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