Marvell Technology (NASDAQ:MRVL) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Marvell Technology, Inc. NASDAQ: MRVL. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Marvell Technology stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Marvell Technology Price Performance

MRVL traded up $0.77 during trading on Thursday, reaching $74.04. The stock had a trading volume of 10,600,804 shares, compared to its average volume of 18,716,973. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The firm has a market capitalization of $63.96 billion, a price-to-earnings ratio of -129.89, a price-to-earnings-growth ratio of 0.78 and a beta of 1.81. The stock has a 50 day moving average of $69.56 and a two-hundred day moving average of $78.27. 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 posted its quarterly earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The firm's quarterly revenue was up 63.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 11th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, July 11th. This represents a $0.24 annualized dividend and a yield of 0.32%. Marvell Technology's payout ratio is -42.11%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Needham & Company LLC downgraded shares of Marvell Technology from a "buy" rating to a "cautious" rating in a research report on Wednesday, July 16th. Stifel Nicolaus decreased their price objective on shares of Marvell Technology from $115.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Loop Capital cut their target price on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Wells Fargo & Company decreased their target price on Marvell Technology from $120.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Finally, Wall Street Zen lowered shares of Marvell Technology from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.47.

Insider Buying and Selling at Marvell Technology

In related news, CAO Panteha Dixon sold 1,286 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $65.00, for a total value of $83,590.00. Following the completion of the sale, the chief accounting officer owned 32,094 shares in the company, valued at approximately $2,086,110. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Chris Koopmans sold 6,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was 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 of the company's stock, valued at $5,993,431.50. The trade was a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,934 shares of company stock valued at $1,187,826 in the last three months. Insiders own 0.19% of the company's stock.

Institutional Trading of Marvell Technology

A number of hedge funds have recently modified their holdings of MRVL. Union Bancaire Privee UBP SA acquired a new stake in Marvell Technology in the 4th quarter valued at $16,699,000. Bank Pictet & Cie Europe AG lifted its holdings in Marvell Technology by 0.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock worth $7,368,000 after buying an additional 460 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Marvell Technology by 385.7% in the fourth quarter. Principal Financial Group Inc. now owns 135,258 shares of the semiconductor company's stock valued at $14,939,000 after acquiring an additional 107,410 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Marvell Technology by 13.3% during the 4th quarter. Global Retirement Partners LLC now owns 6,496 shares of the semiconductor company's stock worth $718,000 after buying an additional 764 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in Marvell Technology by 7.9% in the fourth quarter. Private Advisor Group LLC now owns 49,719 shares of the semiconductor company's stock valued at $5,491,000 after buying an additional 3,646 shares during the period. Institutional investors own 83.51% 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.