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Dixon Panteha, the Chief Accounting Officer of Marvell Technology, Inc. (NASDAQ:MRVL), recently sold a portion of their holdings in the company. According to a recent SEC filing, Panteha sold 1,430 shares of Marvell Technology’s common stock on March 17, 2025. The shares were sold at a price of $68.75 each, totaling approximately $98,312. The transaction occurred near current trading levels of $68.47, with InvestingPro analysis indicating the stock is slightly undervalued. The company maintains a market capitalization of $59.3 billion, with analysts setting price targets ranging from $80.90 to $140.
Following this transaction, Panteha retains direct ownership of 31,100 shares in the company. The sale was conducted under a 10b5-1 trading plan, which was established on December 5, 2024. InvestingPro subscribers can access comprehensive analysis of Marvell’s financial health (rated as FAIR) and 12+ additional ProTips about the company’s performance and outlook in the detailed Pro Research Report.
In other recent news, Nvidia (NASDAQ:NVDA) is set to unveil its Blackwell Ultra (B300/GB300) at the upcoming GPU Technology Conference, with mass production expected in the second half of 2025. The event will also feature previews of Nvidia’s next-generation GPU architecture, Rubin, anticipated for 2026, and discussions on Co-packaged Optics (CPO) technology. Meanwhile, Marvell Technology has filed a prospectus supplement with the SEC, a move related to its existing automatic shelf registration for securities issuance. Analysts have been active regarding Marvell, with CFRA reducing its price target to $90 while maintaining a Strong Buy rating, citing Marvell’s growth prospects in AI infrastructure and custom silicon. Jefferies also adjusted Marvell’s price target to $100, retaining a Buy rating, and highlighted the company’s strategic partnership with Amazon (NASDAQ:AMZN) for future technology developments. Marvell’s recent financial performance has led to a reassessment of expectations, but analysts remain optimistic about its long-term growth potential. Additionally, MPWR’s analyst event is drawing attention as investors await updates on its supplier status for Nvidia’s Blackwell Ultra, with potential implications for its market position. These developments are being closely monitored by investors as they may influence industry dynamics and company strategies moving forward.
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