Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report) COO Chris Koopmans sold 6,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $68.83, for a total transaction of $412,980.00. Following the transaction, the chief operating officer now owns 81,931 shares of the company’s stock, valued at approximately $5,639,310.73. The trade was a 6.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Chris Koopmans also recently made the following trade(s):
- On Tuesday, February 18th, Chris Koopmans sold 6,000 shares of Marvell Technology stock. The shares were sold at an average price of $106.35, for a total transaction of $638,100.00.
- On Wednesday, January 22nd, Chris Koopmans sold 6,000 shares of Marvell Technology stock. The stock was sold at an average price of $124.40, for a total transaction of $746,400.00.
Marvell Technology Trading Down 3.0 %
NASDAQ MRVL traded down $2.12 on Tuesday, reaching $68.28. 11,550,789 shares of the company were exchanged, compared to its average volume of 12,668,982. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $59.13 billion, a P/E ratio of -40.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. Marvell Technology, Inc. has a fifty-two week low of $53.19 and a fifty-two week high of $127.48. The business’s fifty day moving average price is $102.82 and its 200 day moving average price is $93.95.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of brokerages have weighed in on MRVL. KeyCorp cut their target price on shares of Marvell Technology from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. StockNews.com raised shares of Marvell Technology from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th. Susquehanna lifted their price target on shares of Marvell Technology from $110.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, December 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $140.00 target price on shares of Marvell Technology in a research note on Thursday, March 6th. Finally, Loop Capital upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Thursday, March 6th. Three analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $120.44.
Check Out Our Latest Report on Marvell Technology
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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