Marvell Technology shares fell about 1.9% to $206.48 during Wednesday’s midday session, while premarket trading Thursday indicated a further 1.33% decline to $203.74. The weakness followed disclosure that COO Chris Koopmans sold 10,000 units at $203.27 each for approximately $2.03 million through a predetermined Rule 10b5-1 trading arrangement. Koopmans retained 217,941 units, and the transaction marked his third reported sale in recent months. Marvell’s second-quarter revenue reached $2.74 billion, up 36.5% year over year and above the $2.72 billion projection cited in the latest account. Adjusted earnings per share were $0.94, ahead of the $0.93 forecast, while data center revenue climbed 46% to approximately $2.17 billion as artificial intelligence infrastructure demand supported growth. Operating cash generation totaled $605.5 million. Management forecast third-quarter revenue of $3.15 billion and adjusted EPS of $1.10, above consensus estimates of $3.03 billion and $1.07, respectively. Investors remain focused on disappointing free-cash-flow margins, the timing of Google-related revenue and a price-to-earnings ratio of 68.15. Wall Street’s consensus rating is Moderate Buy, based on 39 analysts, with an average price target of $265.76. The stock has gained 231% over 12 months, reached a 52-week high of $329.88 and remains below its 20-day and 50-day simple moving averages.