Robeco Schweiz AG Cuts Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Robeco Schweiz AG lowered its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 25.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,273,400 shares of the semiconductor company’s stock after selling 425,500 shares during the period. Marvell Technology accounts for about 3.0% of Robeco Schweiz AG’s portfolio, making the stock its 5th biggest position. Robeco Schweiz AG’s holdings in Marvell Technology were worth $140,647,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MRVL. Centricity Wealth Management LLC acquired a new stake in shares of Marvell Technology in the fourth quarter valued at approximately $26,000. ORG Partners LLC increased its stake in shares of Marvell Technology by 175.3% in the fourth quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 149 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Marvell Technology in the fourth quarter valued at approximately $33,000. Financial Life Planners acquired a new stake in shares of Marvell Technology in the fourth quarter valued at approximately $33,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Marvell Technology by 48.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 112 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $94.90 on Thursday. Marvell Technology, Inc. has a twelve month low of $53.19 and a twelve month high of $127.48. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30. The company has a 50-day simple moving average of $112.46 and a two-hundred day simple moving average of $93.00. The stock has a market capitalization of $82.12 billion, a price-to-earnings ratio of -55.82, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Friday, January 10th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Friday, January 10th. Marvell Technology’s payout ratio is presently -14.12%.

Insider Buying and Selling

In other news, EVP Mark Casper sold 7,755 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $123.08, for a total value of $954,485.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Chris Koopmans sold 6,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $122.50, for a total transaction of $735,000.00. Following the completion of the sale, the executive vice president now directly owns 97,244 shares in the company, valued at approximately $11,912,390. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,255 shares of company stock worth $4,330,980 in the last three months. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MRVL. Morgan Stanley restated an “equal weight” rating on shares of Marvell Technology in a research note on Friday, February 14th. Barclays restated an “overweight” rating on shares of Marvell Technology in a research note on Friday, February 14th. Cantor Fitzgerald raised their price objective on shares of Marvell Technology from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Craig Hallum raised their price objective on shares of Marvell Technology from $132.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.60.

About Marvell Technology

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.