Rep. Ritchie Torres Sells Off Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Key Points

• Ritchie Torres disclosed the sale of Marvell Technology, Inc. (NASDAQ: MRVL) shares valued between $1,001 and $15,000 on July 11th, as part of several trades involving other companies on the same date.
• Marvell Technology's stock increased by 2.5% during midday trading, reaching $73.00, with a market capitalization of $63.06 billion and a 52-week range of $47.08 to $127.48.
• The company recently reported a 63.3% year-over-year increase in quarterly revenue to $1.90 billion and has set a Q2 2026 guidance of earnings per share between 0.620 and 0.720.

Representative Ritchie Torres (D-New York) recently sold shares of Marvell Technology, Inc. NASDAQ: MRVL. In a filing disclosed on August 20th, the Representative disclosed that they had sold between $1,001 and $15,000 in Marvell Technology stock on July 11th.

Representative Ritchie Torres also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Equity Lifestyle Properties NYSE: ELS on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Northrop Grumman NYSE: NOC on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Emerson Electric NYSE: EMR on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 7/11/2025.
• Sold $1,001 - $15,000 in shares of MetLife NYSE: MET on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Equity Residential NYSE: EQR on 7/11/2025.
• Sold $1,001 - $15,000 in shares of McKesson NYSE: MCK on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Ares Management NYSE: ARES on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Otis Worldwide NYSE: OTIS on 7/11/2025.

Marvell Technology Stock Up 2.5%

Shares of MRVL traded up $1.79 during midday trading on Friday, reaching $73.00. 14,399,279 shares of the stock were exchanged, compared to its average volume of 18,356,330. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The company's 50 day moving average is $74.61 and its two-hundred day moving average is $72.44. The company has a market capitalization of $63.06 billion, a P/E ratio of -128.07, a PEG ratio of 0.77 and a beta of 1.83.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share 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 analysts' expectations of $1.88 billion. During the same period in the prior year, the business posted $0.24 EPS. The firm's quarterly revenue was up 63.3% on a year-over-year basis. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. On average, sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given 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 dividend yield of 0.3%. Marvell Technology's dividend payout ratio is presently -42.11%.

Insider Buying and Selling

In related news, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction on Monday, June 16th. The stock was 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 directly owned 29,572 shares in the company, valued at approximately $2,025,682. This represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.52, for a total value of $102,780.00. Following the sale, the chief financial officer owned 121,348 shares of the company's stock, valued at $8,314,764.96. This represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,783 shares of company stock valued at $407,716. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of Marvell Technology

Hedge funds have recently modified their holdings of the business. Bank Pictet & Cie Europe AG raised its stake in shares of 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 during the last quarter. GeoWealth Management LLC lifted its stake in shares of Marvell Technology by 266.9% during the 4th quarter. GeoWealth Management LLC now owns 3,757 shares of the semiconductor company's stock worth $415,000 after purchasing an additional 2,733 shares during the period. Norinchukin Bank The boosted its stake in Marvell Technology by 7.9% in the 4th quarter. Norinchukin Bank The now owns 8,790 shares of the semiconductor company's stock worth $971,000 after buying an additional 640 shares during the last quarter. MML Investors Services LLC boosted its stake in Marvell Technology by 6.7% in the 4th quarter. MML Investors Services LLC now owns 154,624 shares of the semiconductor company's stock worth $17,078,000 after buying an additional 9,657 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Marvell Technology by 9,910.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,001 shares of the semiconductor company's stock worth $111,000 after buying an additional 991 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MRVL has been the subject of a number of recent research reports. Piper Sandler reiterated an "overweight" rating and issued a $85.00 target price (down from $95.00) on shares of Marvell Technology in a research report on Friday, May 30th. China Renaissance started coverage on Marvell Technology in a research report on Thursday, June 5th. They set a "buy" rating and a $110.00 price objective on the stock. Wall Street Zen cut shares of Marvell Technology from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Raymond James Financial restated an "outperform" rating and set a $90.00 target price (down previously from $110.00) on shares of Marvell Technology in a research note on Friday, May 30th. Finally, Melius Research upped their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $94.70.

About Representative Torres

Ritchie Torres (Democratic Party) is a member of the U.S. House, representing New York's 15th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Torres (Democratic Party) ran for re-election to the U.S. House to represent New York's 15th Congressional District. He won in the general election on November 5, 2024. Ritchie Torres lives in the Bronx, New York.

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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