Marvell Technology (NASDAQ:MRVL) Stock Acquired Sen. Angus S. King Jr.

Key Points

• Senator Angus S. King Jr. purchased shares of Marvell Technology (NASDAQ:MRVL) worth between $1,001 and $15,000 on July 21st, as disclosed in a recent filing.
• Marvell Technology reported a quarterly earnings per share (EPS) of $0.62, exceeding analysts' estimates, with revenue increasing by 63.3% year-over-year.
• The company recently declared a quarterly dividend of $0.06 per share, representing an annual yield of 0.3%, with a dividend payout ratio currently at -42.11%.

Senator Angus S. King Jr. (I-Maine) recently bought shares of Marvell Technology, Inc. NASDAQ: MRVL. In a filing disclosed on August 18th, the Senator disclosed that they had bought between $1,001 and $15,000 in Marvell Technology stock on July 21st.

Senator Angus S. King Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Netflix NASDAQ: NFLX on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Quanta Services NYSE: PWR on 7/21/2025.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $71.21 on Friday. The company has a market cap of $61.51 billion, a P/E ratio of -124.93, a P/E/G ratio of 0.77 and a beta of 1.83. The firm's 50 day moving average is $74.61 and its two-hundred day moving average is $72.44. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm posted $0.24 EPS. The business's revenue for the quarter was up 63.3% on a year-over-year basis. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. Analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is currently -42.11%.

Insider Buying and Selling

In related news, CAO Panteha Dixon sold 1,283 shares of Marvell Technology stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the sale, the chief accounting officer owned 29,572 shares in the company, valued at approximately $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.52, for a total transaction of $102,780.00. Following the transaction, the chief financial officer owned 121,348 shares in the company, valued at $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,783 shares of company stock worth $407,716. Insiders own 0.19% of the company's stock.

Analyst Ratings Changes

MRVL has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on Marvell Technology from $120.00 to $95.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. Cantor Fitzgerald lifted their price target on shares of Marvell Technology from $60.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. TD Cowen boosted their price objective on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. UBS Group reissued a "buy" rating on shares of Marvell Technology in a research note on Monday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus price target of $94.70.

Hedge Funds Weigh In On Marvell Technology

A number of institutional investors have recently added to or reduced their stakes in MRVL. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Marvell Technology during the fourth quarter worth about $234,000. Dynamic Advisor Solutions LLC grew its stake in Marvell Technology by 5.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock valued at $266,000 after purchasing an additional 206 shares in the last quarter. Yousif Capital Management LLC grew its stake in Marvell Technology by 8.4% during the 1st quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock valued at $927,000 after purchasing an additional 1,164 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after purchasing an additional 5,050,159 shares in the last quarter. Finally, Sargent Investment Group LLC boosted its stake in shares of Marvell Technology by 55.7% during the 1st quarter. Sargent Investment Group LLC now owns 13,392 shares of the semiconductor company's stock valued at $825,000 after buying an additional 4,792 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

About Senator King

Angus King (independent) is a member of the U.S. Senate from Maine. He assumed office on January 3, 2013. His current term ends on January 3, 2031. King (independent) ran for re-election to the U.S. Senate to represent Maine. He won in the general election on November 5, 2024.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.

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