Marvell’s chief technology officer sells shares worth $954k Via Investing.com

Santa Clara, CA – On January 15th, Mark Casper, Executive Vice President and Chief Legal Officer of Marvell (NASDAQ:) Technology, Inc. (NASDAQ: MRVL), completed a series of transactions in a major sale on January 17. According to the latest SEC report, Casper sold 7,755 shares of Marvell Technology stock at an average price of $123.08, which is equivalent to $ 123.08. approximately $954,485. The sale comes as Marvell stock trades near its 52-week high of $126.15, and the company’s market capitalization reaches $107.95 billion.

The transactions were part of Plan 10b5-1, a pre-scheduled trading plan that allows insiders to trade stocks at pre-determined times, to ensure compliance with my trading rules. inside. The sale followed several acquisitions of common stock through the issuance of restricted stock units (RSUs) earlier in the week.

After the sale, Casper has no direct ownership but an indirect ownership of 20,163 shares in the trust. These transactions reflect the control of the financial policy and compliance with the rules of the trading system of the goods by the people inside the company.

In other recent news, Marvell Technology has made significant advances in its AI capabilities. The company announced a new AI accelerator architecture that integrates co-packaged optics (CPO) technology, which improves server performance and expands server AI capabilities. This development is expected to greatly assist cloud hyperscalers, allowing them to meet the growing demands of AI applications. Analysts from KeyBanc Capital Markets and Raymond (NS:) James maintained their positive rating on Marvell, with both firms setting a $130.00 price target. Analysts also revised their earnings expectations upward, with CFRA analyst Angelo Zino increasing estimates for fiscal year 2025, 2026, and 2027 earnings per share (EPS). These latest developments reflect growing confidence in Marvell’s growth prospects in the semiconductor industry.

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