Santa Clara, CA – On January 15, Mark Casper, Executive Vice President and Chief Legal Officer of Marvell (NASDAQ:) Technology, Inc. . $954,485. The sale comes as Marvell’s stock trades near a 52-week high of $126.15, with the company’s market capitalization reaching $107.95 billion.

The transactions are part of a 10b5-1 Plan, a prearranged trading plan that allows insiders to sell stocks at predetermined times, ensuring compliance with insider trading laws. The sale follows some acquisitions of common stock by the vesting of restricted stock units (RSUs) earlier in the week.

After the sale, Casper has no direct shares but retains indirect ownership of 20,163 shares through the trust. These transactions reflect strategic financial management and compliance with regulatory frameworks for stock trading by company insiders.

In other recent news, Marvell Technology has made significant strides in its AI capabilities. The company announced a new AI accelerator architecture that combines co-packaged optics (CPO) technology, improving server performance and expanding AI server capabilities. This development is expected to benefit cloud hyperscalers, allowing them to meet the growing needs of AI applications. Analyst from KeyBanc Capital Markets and Raymond (NS:) James maintained their positive ratings on Marvell, with both companies 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 recent developments reflect growing optimism surrounding Marvell’s growth prospects in the semiconductor industry.

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