Direct Digital Holdings chairman and CEO sells $4,315 in shares By Investing.com
Marvell technology CEO Matthew Murphy sells $1.77 million in shares By Investing.com
- Investing
Ramit Sethi- 3 minutes read
Matthew J. Murphy, Chairman of the Board and Chief Executive Officer of Marvell Technology, Inc. (), sold 7,500 shares of the company’s common stock on August 17, 2026. The transactions totaled approximately $1.77 million.
The shares were sold at a weighted average price of $236.08, with individual sale prices ranging from $230.44 to $239.66. This sale was conducted pursuant to a pre-arranged 10b5-1 trading plan, which Mr. Murphy adopted on December 16, 2025.
Following this transaction, Mr. Murphy directly holds 783,186 shares of Marvell Technology common stock.The insider sale comes as MRVL shares trade at $234.33, up 206% over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, though the company maintains a “GREAT” financial health score. One InvestingPro Tip notes the stock is trading at a low P/E ratio relative to near-term earnings growth, with a PEG ratio of just 0.13. Investors can access 20 additional ProTips and comprehensive analysis through the detailed Pro Research Report available for MRVL.
In other recent news, Marvell Technology has been in the spotlight due to several significant developments. The company forecasts a revenue of $2.7 billion for the second quarter, marking a 35% year-over-year growth, with a gross margin expected between 52.1% and 53.1%. UBS raised its price target on Marvell to $340 from $230, highlighting an expanding opportunity in CXL technology. Meanwhile, Goldman Sachs adjusted its price target for Marvell to $195 from $180, maintaining a Neutral rating, as it anticipates growth in the company’s datacenter business.
Erste Group downgraded Marvell from Buy to Hold, citing valuation concerns. In related news, Marvell shares experienced a boost following Amazon’s announcement of $25 billion in annual sales from its AI and chips businesses, which also benefited Astera Labs. The , which includes Marvell, has seen a significant increase, driven by demand for data center chips and increased capital spending by hyperscalers. These recent developments underscore the dynamic nature of the semiconductor industry and Marvell’s role within it.
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