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President of the Data Center Group at Marvell Technology (NASDAQ:MRVL), Sandeep Bharathi, purchased 3,400 shares of common stock at a price of $78.03 on September 25, 2025. The total value of this transaction was $265,302. The timing appears strategic, as InvestingPro data shows the stock has gained nearly 8% in the past week, with analysts projecting 41% revenue growth for fiscal 2026.
Following the transaction, Bharathi directly owns 73,392 shares of Marvell Technology. The semiconductor giant, currently valued at $68 billion, is trading near its InvestingPro Fair Value. For deeper insights into MRVL’s valuation and 15+ additional ProTips, including exclusive insider trading analysis, visit InvestingPro.
In other recent news, Marvell Technology has announced a significant $5 billion stock repurchase program, including an accelerated share repurchase agreement to buy back $1 billion of its common stock. The company has already repurchased $300 million worth of shares in the current quarter. Meanwhile, Needham has raised its price target for Marvell to $95 from $80, maintaining a Buy rating, following CEO Matt Murphy’s comments on the company’s custom silicon business. UBS, however, has lowered its price target for Marvell to $95 from $110, also keeping a Buy rating, due to concerns about the data center segment’s performance. TD Cowen reiterated its Buy rating with a price target of $90, acknowledging potential short-term declines in the custom silicon business before an expected rebound. These developments reflect Marvell’s ongoing efforts to manage investor expectations and address business segment challenges.
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