Marvell technology’s chief accounting officer sells shares for $87,885

On June 16, 2025, Dixon Panteha, Chief Accounting Officer of Marvell Technology, Inc. (NASDAQ:MRVL), executed a sale of company shares. The transaction involved the sale of 1,283 shares of common stock at a price of $68.50 per share, amounting to a total of $87,885. The stock, currently trading at $70.40, has shown significant volatility, as highlighted by InvestingPro data, with a 52-week range of $47.09 to $127.48. Following this transaction, Panteha holds 29,572 shares of Marvell Technology. The sale was conducted under a pre-established 10b5-1 trading plan dated December 5, 2024. With a market capitalization of $60.7 billion, Marvell trades near its InvestingPro Fair Value, while analysts maintain a strong buy consensus with a potential 34% upside. For deeper insights into MRVL’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Marvell Technology has reported a significant year-over-year revenue increase of 63%, with its Data Center business experiencing a 76% surge. This aligns with broader industry trends, though specifics on AI contributions were not disclosed beyond acknowledging AI as a major contributor. Piper Sandler raised Marvell’s stock price target to $95, maintaining an Overweight rating, following earnings that modestly exceeded expectations for the April quarter. The firm noted Marvell’s focus on AI as a key revenue driver and its progress with a major AI customer, despite challenging macroeconomic conditions.

UBS also maintained a Buy rating with a $100 price target, expecting revenue growth from Amazon (NASDAQ:AMZN) next year. However, projections for Microsoft (NASDAQ:MSFT) in 2027 remain uncertain due to product roadmap considerations. TD Cowen increased Marvell’s stock price target to $70, maintaining a Buy rating, and highlighted the company’s strong engagement with Amazon on 3-nanometer technology. Despite some investor concerns, the long-term outlook for Marvell appears positive.

Additionally, Marvell unveiled its custom Ultra Accelerator Link (UALink) solution, enhancing interconnect capabilities between AI accelerators and switches. This development aims to address challenges in scaling AI infrastructure while maintaining performance. Marvell’s strategic moves and product advancements have garnered attention, positioning the company for potential growth in the evolving technology landscape.

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