Rep. James Comer Sells Off Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Representative James Comer (R-Kentucky) recently sold shares of Marvell Technology, Inc. (NASDAQ:MRVL). In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Marvell Technology stock on July 3rd.

Representative James Comer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Churchill Downs (NASDAQ:CHDN) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of VeriSign (NASDAQ:VRSN) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Dover (NYSE:DOV) on 7/3/2025.

Marvell Technology Stock Up 1.9%

Shares of NASDAQ:MRVL opened at $79.32 on Thursday. The firm has a market cap of $68.52 billion, a P/E ratio of -139.16, a P/E/G ratio of 0.84 and a beta of 1.83. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The business has a fifty day simple moving average of $73.87 and a 200 day simple moving average of $73.82.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $0.24 EPS. Marvell Technology’s revenue for the quarter was up 63.3% compared to the same quarter last year. Analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology’s dividend payout ratio (DPR) is currently -42.11%.

Insider Transactions at Marvell Technology

In related news, CAO Panteha Dixon sold 1,283 shares of the company’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the transaction, the chief accounting officer directly owned 29,572 shares in the company, valued at approximately $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the company’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the transaction, the executive vice president owned 17,163 shares of the company’s stock, valued at $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,409 shares of company stock valued at $445,964. 0.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marvell Technology

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Marvell Technology by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock valued at $4,987,906,000 after acquiring an additional 673,110 shares during the period. Brown Advisory Inc. raised its holdings in Marvell Technology by 8.0% during the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock valued at $1,613,044,000 after acquiring an additional 1,539,809 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Marvell Technology by 6.9% in the fourth quarter. Janus Henderson Group PLC now owns 13,239,154 shares of the semiconductor company’s stock worth $1,462,274,000 after purchasing an additional 857,087 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of Marvell Technology by 232.2% in the fourth quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company’s stock worth $1,033,859,000 after purchasing an additional 6,543,132 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MRVL shares. Loop Capital lowered their price objective on Marvell Technology from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, May 30th. B. Riley reissued a “buy” rating and issued a $115.00 price objective (up from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. Benchmark reissued a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a research report on Wednesday, June 18th. Needham & Company LLC lowered Marvell Technology from a “buy” rating to a “cautious” rating in a research report on Wednesday, July 16th. Finally, Susquehanna decreased their target price on Marvell Technology from $110.00 to $90.00 and set a “positive” rating for the company in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average price target of $94.70.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky’s 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2027.

Comer (Republican Party) is running for re-election to the U.S. House to represent Kentucky’s 1st Congressional District. He declared candidacy for the 2026 election.

Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

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.