Qualys CEO Sumedh Thakar sells $544,152 of company stock

Matthew J. Murphy, CEO of Marvell Technology, divested $1.68 million worth of shares on September 15, 2026. These sales, executed according to a pre-arranged trading plan, occurred at prices between $221.09 and $227.18 per share. The semiconductor giant has seen its shares rise 222% in the past year, but the current stock price exceeds its InvestingPro Fair Value, indicating limited growth potential.

Despite trading at a high P/E ratio of 74, Marvell Technology remains valued at $194 billion. Following the stock transactions, Murphy personally holds 775,686 shares of Marvell Technology. Meanwhile, Marvell reported a second-quarter revenue of $2.739 billion, slightly exceeding analyst expectations, and has updated its revenue forecast for 2026 and 2027 to $12 billion and $18 billion respectively, driven by data center AI developments.

Industry analysts have responded to these developments, with Oppenheimer raising its price target to $325 and maintaining an Outperform rating. Piper Sandler initiated coverage with an Overweight rating, and Cantor Fitzgerald reiterated a Neutral rating, citing valuation concerns. Benchmark also maintained a Buy rating with a $275 target, while KeyBanc kept an Overweight rating, acknowledging robust performance in Marvell's data center segment.