Fed’s Powell opens door to potential rate cuts at Jackson Hole
In a recent transaction, Chris Koopmans, the Chief Operating Officer of Marvell Technology, Inc. (NASDAQ:MRVL), a semiconductor company with a market capitalization of $59.3 billion, sold 6,000 shares of the company’s common stock. The stock has seen recent pressure, trading near $68.61, though InvestingPro analysis shows 20 analysts have revised their earnings expectations upward for the upcoming period. The shares were sold at a price of $68.83 each, amounting to a total of $412,980. This sale was executed on March 17, 2025, under a 10b5-1 trading plan that Koopmans adopted on June 17, 2024. Following this transaction, Koopmans holds 81,931 shares indirectly through the Christopher R. Koopmans and Heather J. Koopmans Family Trust. With revenue growth forecast at 42% for FY2026 and strong analyst backing, investors can access deeper insights and 12 more exclusive ProTips through InvestingPro’s comprehensive research platform.
In other recent news, Nvidia (NASDAQ:NVDA) is set to make significant announcements at its upcoming GPU Technology Conference. CEO Jensen Huang will introduce the Blackwell Ultra, expected to enter mass production in the latter half of 2025, and preview the next-generation Rubin GPU architecture slated for 2026. Meanwhile, Monolithic Power Systems (NASDAQ:MPWR) is drawing investor attention due to its potential supplier status for Nvidia’s Blackwell Ultra. MPWR’s upcoming analyst event is anticipated to provide updates on its relationship with Nvidia, which could impact its market position.
Marvell Technology has filed a new prospectus supplement with the SEC, linked to its automatic shelf registration for the issuance and sale of securities. This filing includes a legal opinion from Wilson Sonsini Goodrich & Rosati regarding the securities’ issuance. In analyst updates, CFRA has reduced Marvell’s price target to $90 while maintaining a Strong Buy rating, citing growth prospects in AI infrastructure. Similarly, Jefferies adjusted Marvell’s price target to $100, retaining a Buy rating, reflecting on its recent financial performance and partnerships, particularly with Amazon (NASDAQ:AMZN).
Broadcom (NASDAQ:AVGO)’s positive forecast has also influenced the semiconductor sector, with Nvidia leading premarket gains among major chip stocks. Broadcom’s first-quarter adjusted earnings per share surpassed analyst estimates, and its optimistic revenue forecast for the second quarter has reassured investors about spending on AI computing. Other chip stocks, including Marvell, experienced upward movement in response to Broadcom’s projections.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.