On September 16, 2024, Willem Meintjes, the Chief Financial Officer of Marvell Technology Inc (MRVL, Financial), sold 1,500 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 111,753 shares of Marvell Technology Inc.
Marvell Technology Inc, a prominent player in the semiconductor industry, designs and produces integrated circuits and related products for data storage, networking, and connectivity sectors. The company's innovative technologies serve a wide range of applications crucial in today's digital data infrastructure.
According to the filing, the shares were sold at a price of $73.87 each. This transaction places the market cap of Marvell Technology Inc at approximately $63.03 billion. The company's stock is currently considered Modestly Overvalued with a price-to-GF Value ratio of 1.27, based on a GF Value of $58.13.
The GF Value is a proprietary measure reflecting the fair value of a stock, calculated by considering historical valuation multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past performance and future business estimates.
Over the past year, Willem Meintjes has sold a total of 12,500 shares of Marvell Technology Inc and has not made any purchases. The insider transaction history for the company shows a trend with 1 insider buy and 37 insider sells over the last year.
This recent transaction by CFO Willem Meintjes continues the trend of insider sells at Marvell Technology Inc, providing investors with insights into the insider's stock ownership and trading patterns.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
