TLDR
- CEO Matthew Murphy sold 7,500 shares worth $1.77 million on August 17, under a pre-arranged 10b5-1 trading plan.
- MRVL stock is up more than 160% year-to-date and trading around $234.33.
- Q2 FY27 earnings are due August 27, with Wall Street expecting EPS of $0.93 on revenue of $2.71 billion.
- UBS raised its price target to $340; Goldman Sachs raised its target to $195 but kept a Neutral rating.
- The average analyst price target of $272.73 implies around 16% upside from current levels.
Marvell Technology CEO Matthew Murphy sold 7,500 shares of MRVL stock on August 17, 2026, bringing in approximately $1.77 million. The shares were sold at a weighted average price of $236.08, with individual prices ranging from $230.44 to $239.66.
The sale was made under a pre-arranged 10b5-1 trading plan, which Murphy adopted back in December 2025. That means the sale was scheduled in advance and does not necessarily reflect any change in his outlook on the company.
After the transaction, Murphy still directly holds 783,186 shares of Marvell stock. That is a lot of skin in the game.
MRVL stock is trading around $234.33 and has climbed more than 160% year-to-date. Over the past year, the stock is up roughly 206%.
Marvell Technology, Inc., MRVL
Despite the CEO sale, broader insider activity has been on the heavier side. Over the past three months, insiders have sold a combined $632.3 million worth of MRVL stock, according to TipRanks, giving the stock a Negative Insider Confidence Signal on the platform.
What Wall Street Expects from Q2 Earnings
Marvell is set to report Q2 FY27 results on August 27. Analysts expect adjusted EPS of $0.93, up from $0.67 in the same quarter last year. Revenue is projected to come in at $2.71 billion, which would represent 35% year-over-year growth.
The company itself guided for around $2.7 billion in Q2 revenue. Murphy described the company as seeing “exceptional AI-related bookings” and said growth is expected to keep accelerating through fiscal 2027.
Gross margin for the quarter is expected to land between 52.1% and 53.1%.
Analyst Targets Split on Valuation
Goldman Sachs analyst James Schneider kept a Neutral rating but raised his price target to $195 from $180. Schneider said Marvell is “well positioned” to benefit from growing optical demand and custom chip deployments, and he expects higher cloud spending to support the data-center business.
UBS analyst Timothy Arcuri went further, maintaining a Buy rating and lifting his price target to $340 from $230. He cited a growing opportunity in CXL technology as the main driver.
On the other side, Erste Group downgraded Marvell from Buy to Hold, pointing to valuation concerns.
The stock received a boost recently after Amazon announced $25 billion in annual sales from its AI and chip businesses, which lifted several semiconductor names including Marvell.
The average analyst price target on TipRanks sits at $272.73, implying around 16% upside from current levels. The stock carries a Strong Buy consensus rating based on 23 Buy ratings and five Hold ratings.
InvestingPro flags the stock as currently overvalued relative to its Fair Value estimate, though it also notes a PEG ratio of just 0.13 and gives Marvell a “GREAT” financial health score.
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