Rep. Jefferson Shreve Purchases Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Representative Jefferson Shreve (R-Indiana) recently bought shares of Marvell Technology, Inc. NASDAQ: MRVL. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $50,001 and $100,000 in Marvell Technology stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Marvell Technology Stock Up 3.2%

Shares of NASDAQ MRVL traded up $2.04 during mid-day trading on Tuesday, reaching $66.54. 7,194,710 shares of the company's stock traded hands, compared to its average volume of 13,917,029. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11. The stock has a market cap of $57.48 billion, a P/E ratio of -39.14, a PEG ratio of 1.61 and a beta of 1.83. The business has a 50-day simple moving average of $60.68 and a 200 day simple moving average of $89.28. Marvell Technology, Inc. has a 1-year low of $47.09 and a 1-year high of $127.48.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Friday, April 11th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, April 11th. Marvell Technology's dividend payout ratio (DPR) is -23.53%.

Institutional Trading of Marvell Technology

Institutional investors have recently bought and sold shares of the stock. Diversified Trust Co raised its position in Marvell Technology by 5.2% during the 4th quarter. Diversified Trust Co now owns 9,414 shares of the semiconductor company's stock worth $1,040,000 after buying an additional 464 shares during the last quarter. Michael S. Ryan Inc. purchased a new position in Marvell Technology during the 4th quarter worth approximately $274,000. ORG Partners LLC raised its position in Marvell Technology by 175.3% during the 4th quarter. ORG Partners LLC now owns 234 shares of the semiconductor company's stock worth $26,000 after buying an additional 149 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Marvell Technology by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 49,974 shares of the semiconductor company's stock worth $5,520,000 after buying an additional 629 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Marvell Technology by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,920 shares of the semiconductor company's stock worth $1,096,000 after buying an additional 242 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 12,460 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $55.00, for a total value of $685,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $60.00, for a total transaction of $90,000.00. Following the sale, the chief financial officer now directly owns 124,348 shares of the company's stock, valued at $7,460,880. The trade was a 1.19% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,890 shares of company stock valued at $2,027,938. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

MRVL has been the topic of a number of research reports. Bank of America lowered their price objective on Marvell Technology from $120.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley lowered their price target on shares of Marvell Technology from $113.00 to $90.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. William Blair upgraded shares of Marvell Technology to a "strong-buy" rating in a research note on Wednesday, February 5th. Barclays cut their target price on shares of Marvell Technology from $130.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Roth Capital set a $100.00 price target on shares of Marvell Technology in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and a consensus target price of $110.30.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.