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 Trading Up 0.4%

NASDAQ MRVL traded up $0.23 during trading on Wednesday, hitting $65.71. The company had a trading volume of 5,429,848 shares, compared to its average volume of 13,966,196. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a one year low of $47.09 and a one year high of $127.48. The company has a market cap of $56.76 billion, a price-to-earnings ratio of -38.62, a price-to-earnings-growth ratio of 1.61 and a beta of 1.83. The company's fifty day moving average is $60.54 and its 200-day moving average is $89.11.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Friday, April 11th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Friday, April 11th. Marvell Technology's payout ratio is currently -23.53%.

Analyst Ratings Changes

Several research analysts have commented on MRVL shares. Raymond James set a $110.00 price objective on shares of Marvell Technology in a report on Thursday, March 6th. Melius Research upgraded shares of Marvell Technology to a "strong-buy" rating in a report on Monday, January 27th. Rosenblatt Securities restated a "buy" rating and issued a $140.00 price objective on shares of Marvell Technology in a report on Thursday, March 6th. Cantor Fitzgerald lowered shares of Marvell Technology from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $125.00 to $60.00 in a research note on Wednesday, May 7th. Finally, Melius initiated coverage on shares of Marvell Technology in a research note on Monday, January 27th. They set a "buy" rating and a $188.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $111.27.

Institutional Investors Weigh In On Marvell Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Marvell Technology during the fourth quarter worth $1,138,354,000. GQG Partners LLC purchased a new stake in shares of Marvell Technology during the fourth quarter worth $802,410,000. Nuveen Asset Management LLC grew its holdings in shares of Marvell Technology by 232.2% during the fourth quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock worth $1,033,859,000 after buying an additional 6,543,132 shares in the last quarter. Nuveen LLC acquired a new position in shares of Marvell Technology during the 1st quarter valued at about $399,587,000. Finally, Goldman Sachs Group Inc. increased its position in Marvell Technology by 32.3% during the first 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. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 12,460 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $685,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Chris Koopmans sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.35, for a total value of $638,100.00. Following the completion of the transaction, the chief operating officer now owns 87,931 shares in the company, valued at $9,351,461.85. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,176 shares of company stock valued at $2,111,528 over the last ninety days. Company insiders own 0.19% of the company's stock.

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.