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SANTA CLARA, CA – On January 15, Marvell (NASDAQ:) Technology, Inc. (NASDAQ: MRVL ) Chief Legal Officer Mark Kasper executed a series of stock transactions, culminating in a major sale on January 17. According to a recent SEC filing, Casper sold 7,755 shares of Marvell Technology common stock at an average price of $123.08, amounting to approximately $954,485 in sales, while Marvell stock traded near a 52-week high of $126.15, giving the company a market capitalization of $107.95 billion.
The transactions were part of a 10b5-1 plan, a prearranged trading plan that allows insiders to sell shares at a specified time, ensuring compliance with insider trading rules. The sale followed several buybacks of common stock earlier in the week through the transfer of restricted stock units (RSUs).
After the sale, Casper will not hold any direct shares but will indirectly hold 20,163 shares through a trust. These transactions reflect strategic financial management and the regulatory framework for stock trading is respected by company insiders.
In other recent news, Marvel Technology has made significant strides in its AI capabilities. The company announced a new AI accelerator architecture that integrates co-packaged optics (CPO) technology, boosts server performance and expands AI server capabilities. This development is expected to greatly benefit cloud hyperscalers, enabling them to meet the growing demand for AI applications. from KeyBanc Capital Markets and analysts Raymond (NS:) James maintained their positive rating on Marvell, both companies have a price target of $130.00. Analysts revised their earnings estimates upward, with CFRA analyst Angelo Zino increasing his earnings per share (EPS) estimates for 2025, 2026 and 2027. These recent developments reflect the growing optimism surrounding Marvell’s growth prospects in the semiconductor industry.
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