Nothing said here yet.
to join the conversation.
| Bharathi SandeepPresident, Data Center Group | Sell | 3,685 | $865.9K | Fri, Oct 16 |
| MURPHY MATTHEW JChairman of the Board and CEO | Sell | 7,500 | $1.8M | Thu, Oct 15 |
| Scarpulla JustinSVP, Chief Accounting Officer | Sell | 1,100 | $300.9K | Thu, Oct 8 |
| Koopmans ChrisPresident and COO | Sell | 10,000 | $2.6M | Thu, Oct 1 |
| MURPHY MATTHEW JChairman of the Board and CEO | Sell | 7,500 | $1.7M | Tue, Sep 15 |
| Koopmans ChrisPresident and COO | Sell | 10,000 | $2.0M | Tue, Sep 1 |
| MURPHY MATTHEW JChairman of the Board and CEO | Sell | 7,500 | $1.8M | Mon, Aug 17 |
| Maria Elvira Salazar | Sell | $8.0K | Thu, Sep 24 | Thu, Oct 1 |
| Gilbert Cisneros | Buy | $8.0K | Fri, Jul 17 | Fri, Aug 14 |
| Maria Elvira Salazar | Buy | $32.5K | Mon, Apr 6 | Fri, May 1 |
| Byron Donalds | Buy | $8.0K | Thu, Apr 2 | Fri, May 1 |
Lumentum jumped 15% in after-hours trading on October 28 after reports that Marvell is in late-stage talks to acquire the company, with a deal potentially possible as soon as early November.
Key TakeawaysMarvell stock is down 41% from its June high after reports that it’s in advanced talks to buy Lumentum, reportedly in an all-stock deal.
Key TakeawaysMarvell Technology fell 14% in the past week on reported Lumentum talks, then in a chip selloff after Intel’s weak outlook. Lumentum’s lasers would make Marvell a bigger Broadcom rival and give Coherent a competitor backed by Marvell’s chips.
BofA upgraded Marvell into a brutal slide and the stock went on a wild ride that has left investors wondering whether the latest pullback is another gift or the beginning of something worse.
Analysts say Marvell’s reported talks make sense on paper. One number is giving its shareholders cold feet.
A bullish analyst call tied to Broadcom’s biggest AI customer isn’t enough to stop a broad chip selloff. Broadcom (NASDAQ:AVGO) shares are trading at $327.49 this morning, down 5% from its prior close.
For questions about this article or underlying research, email [email protected].
Sandisk's surging enterprise SSD demand, expanding profitability and attractive valuation strengthen its AI infrastructure growth outlook compared with Marvell Technology.
Marvell Technology (MRVL) is back in focus after reports it is in advanced talks to acquire data center optics specialist Lumentum in a potential all stock transaction closely tied to AI infrastructure demand.
Marvell Technology will release its third-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.