Marvell technology CFO sells $103,245 in stock

Marvell Technology, Inc. (NASDAQ:MRVL), a semiconductor company with a market capitalization of $59.19 billion, recently disclosed that its Chief Financial Officer, Willem Meintjes, sold 1,500 shares of the company’s common stock. The transaction, which took place on March 17, 2025, was executed at a price of $68.83 per share, amounting to a total value of $103,245.

Following the sale, Meintjes retains ownership of 113,592 shares in the semiconductor company. The transaction was conducted under a 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks. This type of plan is often used to avoid any potential conflicts of interest or accusations of insider trading. According to InvestingPro data, 20 analysts have recently revised their earnings expectations upward, with the stock currently trading near its Fair Value level. Subscribers to InvestingPro can access detailed insider trading patterns and comprehensive financial analysis through the Pro Research Report, available for over 1,400 US stocks.

In other recent news, Marvell Technology has filed a prospectus supplement with the Securities and Exchange Commission related to its automatic shelf registration for issuing and selling securities. This filing does not specify the types of securities or the timing of the offering, but it includes a legal opinion from Wilson Sonsini Goodrich & Rosati. Meanwhile, Marvell’s stock price target was adjusted by CFRA from $130 to $90, maintaining a Strong Buy rating due to its growth prospects in AI infrastructure. Jefferies also revised Marvell’s stock price target from $120 to $100, keeping a Buy rating while noting Marvell’s strategic steps in 3nm semiconductor technology.

Nvidia (NASDAQ:NVDA) is set to make significant announcements at its GPU Technology Conference, including the introduction of the Blackwell Ultra and a preview of the Rubin GPU architecture. KeyBanc has highlighted these developments, alongside potential updates from MPWR regarding its supplier status for Nvidia’s Blackwell Ultra. Broadcom (NASDAQ:AVGO)’s recent upbeat forecast has positively impacted Nvidia, with Broadcom reporting adjusted earnings per share that exceeded analyst estimates. The semiconductor industry is closely monitoring these developments, as they may influence market dynamics and investor sentiment.

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