Marvell Technology Inc (MRVL US, +1, 26-Sep-25)
The Chair & CEO, CFO, COO, and the President of the Data Center Group bought a total of $2.1m of stock on the 25th of September. On September 24th, the company announced a $5 billion increase to its buyback program and a $1 billion Accelerated Share Repurchase agreement.
Matthew Murphy (Chairman & CEO since Jun 2023, joined 2016) bought $1m of stock in only his 2nd purchase. He bought a similar amount in October 2024, which was initially timely (ranked +N based on it).
Chris Koopmans (President & COO since Jul 2025, joined 2016) bought $531,000 of stock, Willem Meintjes (CFO since Jan 2023, joined 2016) bought $265,000 of stock, and Sandeep Bharathi (Divisional President since Jul 2025, first joined 2019) bought $265,302 of stock.
All three are making their first purchases despite reasonable tenures. For the COO and CFO, they made larger sales from January to May of this year, some of which were at lower prices.
These are short swing violations, yet they incur no profits to disgorge since sales were made at lower prices. The purchases were likely coordinated and also disclosed in an 8-K filing, which we don’t believe is necessary. This is a notable but unusual cluster of buys and incremental buyback news.
We are ranking the stock +1 (strongly positive signal).
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