Marvell Technology Inc (NASDAQ:MRVL) shares traded 3.50% higher at $111.04 on Wall Street last session.
MRVL stock price is now -2.13% away from the 50-day moving average and 31.84% away from the 200-day moving average. The market capitalization of the company currently stands at $96.08B.
With the price target of $188, Melius recently initiated with Buy rating for Marvell Technology Inc (NASDAQ: MRVL). On December 04, 2024, Wells Fargo reiterated its ‘Overweight’ rating on the stock by increasing its target price from $110 to quote $130, while ‘UBS’ rates the stock as ‘Buy’
In other news, Koopmans Chris, Chief Operating Officer sold 6,000 shares of the company’s stock on Feb 18 ’25. The stock was sold for $638,100 at an average price of $106.35. Upon completion of the transaction, the Chief Operating Officer now directly owns 87,931 shares in the company, valued at $9.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 18 ’25, Chief Financial Officer Meintjes Willem A sold 1,500 shares of the business’s stock. A total of $159,525 was realized by selling the stock at an average price of $106.35. This leaves the insider owning 115,092 shares of the company worth $12.78 million. A total of 0.60% of the company’s stock is owned by insiders.
During the past 12 months, Marvell Technology Inc has had a low of $53.19 and a high of $127.48. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.60, and a quick ratio of 1.11.
The net profit margin was -27.49% and return on equity was -10.33% for MRVL. The company reported revenue of $1.52 billion for the quarter, compared to $1.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.87 percent.
