The transaction was carried out under a 10b5-1 trading plan, which was established on April 8, 2024. Following this sale, Meintjes retains ownership of 112,711 shares of Marvell (NASDAQ:MRVL) Technology. With 28 analysts recently revising their earnings expectations upward, InvestingPro subscribers can access 14 additional exclusive insights and a comprehensive Pro Research Report that provides deep-dive analysis of Marvell's valuation and growth prospects. With 28 analysts recently revising their earnings expectations upward, InvestingPro subscribers can access 14 additional exclusive insights and a comprehensive Pro Research Report that provides deep-dive analysis of Marvell's valuation and growth prospects.
The transaction was carried out under a 10b5-1 trading plan, which was established on April 8, 2024. Following this sale, Meintjes retains ownership of 112,711 shares of Marvell Technology.
In other recent news, Broadcom (NASDAQ:AVGO) reported a 220% annual increase in AI revenue, sparking interest in the semiconductor sector. Analysts from Morgan Stanley (NYSE:MS) and Raymond (NS:RYMD) James have provided insights and adjusted their price targets for the company. Meanwhile, Marvell Technology announced the release of a new transimpedance amplifier and laser driver chipset, along with the launch of its Aquila coherent-lite digital signal processor, both aimed at enhancing data center connections. Marvell also unveiled a new custom High-Bandwidth Memory compute architecture to optimize the efficiency of their AI accelerator chips. TD Cowen has maintained a Buy rating for Marvell, citing strong financial results and an optimistic growth trajectory. These recent developments reflect the ongoing advancements and positive trends in the semiconductor and AI sectors.
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