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Sehat Sutardja Biography and Net Worth

Major Shareholder of Marvell Technology

Sehat Sutardja is the CEO of FLC Technology Group, which is based in Santa Clara County, California.

Sutardja has been at the helm of FLC since 2017, but he is best known as the founder and CEO of Marvell Semiconductor.

After meeting his wife while they were both attending the University of California, Berkeley, the couple, along with Sutardja’s brother Pantas, started the semiconductor company in 1995. The company originally specialized in producing read channels for computer disk drives, but eventually moved on to develop a variety of technologies that can now be found in computers, smart phones, televisions, Wi-Fi systems and more. Sutardja served as Marvell’s president from its inception until 2013 and as chairman of the board from 2003 until 2016.

In 2000, he led Marvell through a successful IPO after achieving record-breaking sales and scale in the five years since its founding. Marvell now has offices in over 15 countries with a revenue of over $3 billion annually.

However, by 2016, Sutardja and his wife were forced out of the company amid an internal accounting investigation. Marvell’s board of directors found a series of reverses, including accounting issues, that prompted the investigation. An audit committee identified “tone at the top” problems that included management pressure on sales and finance teams to meet revenue goals, and they fired Sutardja and Dai as a result. No evidence of fraud was found in the accounting investigation.

Sutardja developed an interest in electronics early on, becoming a certified radio repair technician by the age of 13 in his home country of Indonesia. When it became apparent that the United States held the best opportunities for continuing his studies, he immigrated to attend Iowa State University. He has since been lauded for his contributions to the industry, including being named Inventor of the Year in 2006 by the Silicon Valley Intellectual Property Law Association, receiving the Distinguished Alumni Award from the Iowa State University Alumni Association in 2010, and being awarded the Indonesian Diaspora Lifetime Achievement Award for Global Pioneering and Innovation in 2012.

Sutardja is also a fellow of IEEE, and he has been awarded over 350 U.S. patents in the course of his career. He received his bachelor of science degree in electrical engineering from Iowa State University and his master of science and Ph.D. degrees in electrical engineering and computer science from UC, Berkeley.

How do I contact Sehat Sutardja?: The corporate mailing address for Mr. Sutardja and other Marvell Technology executives is 22 VICTORIA STREET, HAMILTON D0, HM 12. Marvell Technology can also be reached via phone at (302) 295-4840 and via email at [email protected]. Learn More on Sehat Sutardja's contact information.
Has Sehat Sutardja been buying or selling shares of Marvell Technology?: Sehat Sutardja has not been actively trading shares of Marvell Technology over the course of the past ninety days. Most recently, Sehat Sutardja sold 1,266,498 shares of the business's stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $18.55, for a transaction totalling $23,493,537.90. Learn More on Sehat Sutardja's trading history.
Who are Marvell Technology's active insiders?: Marvell Technology's insider roster includes Sandeep Bharathi (Insider), Mark Casper (EVP and Chief Legal Officer), Dan Christman (EVP), Daniel Durn (Director), Edward Frank (Director), Mitchell Gaynor (EVP), Richard Hill (Director), Jean Hu (CFO), Muhammad Hussain (Insider), Dean Jarnac, Jr. (SVP), Chris Koopmans (EVP), Willem Meintjes (CAO), Andrew Micallef (COO), Matthew Murphy (CEO), Loi Nguyen (EVP), Michael Strachan (Director), Sehat Sutardja (Major Shareholder), Ford Tamer (Director), and Nariman Yousefi (EVP). Learn More on Marvell Technology's active insiders.
Are insiders buying or selling shares of Marvell Technology?: During the last year, Marvell Technology insiders bought shares 2 times. They purchased a total of 14,425 shares worth more than $1,109,239.25. During the last year, insiders at the semiconductor company sold shares 36 times. They sold a total of 644,000 shares worth more than $45,800,025.00. The most recent insider tranaction occured on November, 15th when CFO Willem A Meintjes sold 1,500 shares worth more than $133,710.00. Insiders at Marvell Technology own 0.3% of the company. Learn More about insider trades at Marvell Technology.
Information on this page was last updated on 11/15/2024.

Sehat Sutardja Insider Trading History at Marvell Technology

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
10/23/2017	Sell	1,266,498	$18.55	$23,493,537.90
10/20/2017	Sell	62,337	$18.48	$1,151,987.76
10/18/2017	Sell	474,771	$18.48	$8,773,768.08
10/12/2017	Sell	1,424,819	$18.52	$26,387,647.88
10/11/2017	Sell	1,394,728	$18.52	$25,830,362.56
10/10/2017	Sell	2,727,810	$18.49	$50,437,206.90
10/9/2017	Sell	1,040,692	$18.48	$19,231,988.16
10/4/2017	Sell	387,642	$18.48	$7,163,624.16
10/3/2017	Sell	1,842,500	$18.52	$34,123,100.00
10/2/2017	Sell	1,422,500	$18.52	$26,344,700.00
9/29/2017	Sell	93,895	$18.02	$1,691,987.90
9/18/2017	Sell	552,500	$18.53	$10,237,825.00
9/14/2017	Sell	1,375,000	$17.84	$24,530,000.00
9/13/2017	Sell	1,000,000	$17.73	$17,730,000.00
9/12/2017	Sell	1,042,343	$17.46	$18,199,308.78
9/11/2017	Sell	492,343	$17.41	$8,571,691.63
9/7/2017	Sell	537,235	$17.57	$9,439,218.95
9/6/2017	Sell	420,422	$17.84	$7,500,328.48
11/30/2016	Sell	181,135	$14.48	$2,622,834.80
11/29/2016	Sell	39,506	$14.45	$570,861.70

Sehat Sutardja Buying and Selling Activity at Marvell Technology

Marvell Technology Company Overview

Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; and custom application specific integrated circuits. The company also provides electro-optical products, including pulse amplitude modulations, coherent digital signal processors, laser drivers, trans-impedance amplifiers, silicon photonics, and data center interconnect solutions; fibre channel products comprising host bus adapters and controllers; storage controllers for hard disk drives and solid-state-drives; and host system interfaces, including serial attached SCSI, serial advanced technology attachment, peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics. It has operations in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

Today's Range

Now: $89.86

$87.71

$89.96

50 Day Range

MA: $79.94

$70.31

$93.94

2 Week Range

Now: $89.86

$50.35

$95.09

Volume

6,521,404 shs

Average Volume

9,529,006 shs

Market Capitalization

$79.63 billion

P/E Ratio

N/A

Dividend Yield

0.27%

Beta

1.44