Rep. Jefferson Shreve Buys Marvell Technology, Inc. (NASDAQ:MRVL) Stock

Representative Jefferson Shreve (R-Indiana) recently bought shares of Marvell Technology, Inc. NASDAQ: MRVL. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $50,001 and $100,000 in Marvell Technology stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

• MarketBeat Week in Review – 04/14 - 04/18

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Marvell Technology Price Performance

MRVL stock traded up $2.02 during trading on Friday, hitting $59.65. The stock had a trading volume of 14,683,638 shares, compared to its average volume of 13,894,077. The stock has a market cap of $51.53 billion, a price-to-earnings ratio of -35.09, a price-to-earnings-growth ratio of 1.61 and a beta of 1.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60. The company's 50 day moving average price is $61.19 and its two-hundred day moving average price is $89.29. Marvell Technology, Inc. has a 1-year low of $47.09 and a 1-year high of $127.48.

Marvell Technology Announces Dividend

• Marvell Gets Tariff Lifeline But Expect More Volatility

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Friday, April 11th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.40%. Marvell Technology's dividend payout ratio is currently -23.53%.

Insider Transactions at Marvell Technology

In other news, CAO Panteha Dixon sold 1,430 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $68.75, for a total value of $98,312.50. Following the completion of the sale, the chief accounting officer now owns 31,100 shares of the company's stock, valued at $2,138,125. This trade represents a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark Casper sold 12,460 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $55.00, for a total value of $685,300.00. The disclosure for this sale can be found here. Insiders sold a total of 28,890 shares of company stock valued at $2,027,938 in the last three months. 0.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Marvell Technology

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Several large investors have recently made changes to their positions in the company. ORG Partners LLC lifted its stake in shares of Marvell Technology by 175.3% in the 4th quarter. ORG Partners LLC now owns 234 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 149 shares during the period. Centricity Wealth Management LLC acquired a new stake in Marvell Technology in the fourth quarter worth approximately $26,000. Hughes Financial Services LLC acquired a new stake in Marvell Technology in the first quarter worth approximately $26,000. Rialto Wealth Management LLC acquired a new position in Marvell Technology during the fourth quarter worth about $27,000. Finally, Rossby Financial LCC bought a new stake in shares of Marvell Technology in the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MRVL. Needham & Company LLC decreased their target price on shares of Marvell Technology from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Melius Research raised Marvell Technology to a "strong-buy" rating in a research report on Monday, January 27th. Benchmark reduced their target price on Marvell Technology from $135.00 to $95.00 and set a "buy" rating on the stock in a research report on Wednesday. Loop Capital raised Marvell Technology from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research note on Thursday, March 6th. Finally, Barclays dropped their price objective on shares of Marvell Technology from $130.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $110.30.

View Our Latest Analysis on MRVL

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.

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