Rep. James Comer Sells Marvell Technology, Inc. (NASDAQ:MRVL) Shares

Key Points

• Representative James Comer sold shares of Marvell Technology, Inc. (NASDAQ:MRVL) for between $1,001 and $15,000 on July 3rd, as disclosed in a filing on August 11th.
• Marvell Technology recently reported earnings of $0.62 EPS, surpassing analysts' expectations and showing a revenue increase of 63.3% year-over-year.
• The company declared a quarterly dividend of $0.06 per share, reflecting a dividend yield of 0.3%, and completed a series of significant insider and institutional trades.

Representative James Comer (R-Kentucky) recently sold shares of Marvell Technology, Inc. NASDAQ: MRVL. In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Marvell Technology stock on July 3rd.

Representative James Comer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Churchill Downs NASDAQ: CHDN on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/3/2025.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 7/3/2025.
• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 7/3/2025.
• Sold $1,001 - $15,000 in shares of VeriSign NASDAQ: VRSN on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Dover NYSE: DOV on 7/3/2025.

Marvell Technology Trading Up 0.7%

Marvell Technology stock opened at $77.81 on Wednesday. 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, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a market capitalization of $67.21 billion, a price-to-earnings ratio of -136.51, a price-to-earnings-growth ratio of 0.84 and a beta of 1.83. The stock has a 50-day moving average price of $73.61 and a 200 day moving average price of $73.78.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results 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 firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company's revenue was up 63.3% compared to the same quarter last year. Sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Institutional Trading of Marvell Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Marvell Technology during the 4th quarter worth about $234,000. Dynamic Advisor Solutions LLC lifted its position in shares of Marvell Technology by 5.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after purchasing an additional 206 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Marvell Technology by 8.4% during the 1st quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock worth $927,000 after purchasing an additional 1,164 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the last quarter. Finally, Sargent Investment Group LLC lifted its position 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 worth $825,000 after purchasing an additional 4,792 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the transaction, the executive vice president directly owned 17,163 shares in the company, valued at $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Chris Koopmans sold 6,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $65.10, for a total value of $390,600.00. Following the transaction, the chief operating officer owned 92,065 shares in the company, valued at $5,993,431.50. This represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,148 shares of company stock worth $1,014,236 over the last quarter. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MRVL. UBS Group restated a "buy" rating on shares of Marvell Technology in a research report on Monday, June 2nd. Wall Street Zen upgraded Marvell Technology from a "hold" rating to a "buy" rating in a research report on Saturday. Rosenblatt Securities restated a "buy" rating and issued a $124.00 price objective on shares of Marvell Technology in a research report on Wednesday, June 18th. China Renaissance began coverage on Marvell Technology in a research report on Thursday, June 5th. They issued a "buy" rating and a $110.00 price objective for the company. Finally, Needham & Company LLC cut Marvell Technology from a "buy" rating to a "cautious" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $94.70.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2027. Comer (Republican Party) is running for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He declared candidacy for the 2026 election. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

Marvell Technology Company Profile

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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