In Tuesday’s Wall Street session, Marvell Technology Inc (NASDAQ:MRVL) shares traded at $69.99, down -0.61% from the previous session.
MRVL stock price is now 15.34% away from the 50-day moving average and -15.74% away from the 200-day moving average. The market capitalization of the company currently stands at $60.35B.
On May 30, 2025, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $60 to quote $70, while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
In other news, Meintjes Willem A, Chief Financial Officer sold 1,500 shares of the company’s stock on Jun 16 ’25. The stock was sold for $102,780 at an average price of $68.52. Upon completion of the transaction, the Chief Financial Officer now directly owns 121,348 shares in the company, valued at $8.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16 ’25, Chief Accounting Officer Dixon Panteha sold 1,283 shares of the business’s stock. A total of $87,886 was realized by selling the stock at an average price of $68.50. This leaves the insider owning 29,572 shares of the company worth $2.07 million. A total of 0.52% of the company’s stock is owned by insiders.
During the past 12 months, Marvell Technology Inc has had a low of $47.08 and a high of $127.48. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 1.30, and a quick ratio of 0.94.
The net profit margin was -7.56% and return on equity was -3.54% for MRVL. The company reported revenue of $1.9 billion for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.26 percent.
