Capital Analysts LLC Increases Position in Marvell Technology, Inc. (NASDAQ:MRVL)

Capital Analysts LLC boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 236.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 343 shares of the semiconductor company’s stock after purchasing an additional 241 shares during the period. Capital Analysts LLC’s holdings in Marvell Technology were worth $38,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pine Valley Investments Ltd Liability Co lifted its position in shares of Marvell Technology by 8.0% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 23,799 shares of the semiconductor company’s stock worth $1,716,000 after purchasing an additional 1,773 shares during the last quarter. World Investment Advisors LLC grew its position in shares of Marvell Technology by 1.4% in the 3rd quarter. World Investment Advisors LLC now owns 40,366 shares of the semiconductor company’s stock worth $2,911,000 after acquiring an additional 560 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Marvell Technology during the 3rd quarter valued at approximately $3,432,000. Synovus Financial Corp lifted its stake in Marvell Technology by 60.5% during the third quarter. Synovus Financial Corp now owns 6,489 shares of the semiconductor company’s stock worth $468,000 after purchasing an additional 2,445 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its holdings in Marvell Technology by 27.3% in the third quarter. Peapack Gladstone Financial Corp now owns 23,312 shares of the semiconductor company’s stock worth $1,681,000 after purchasing an additional 5,005 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In other Marvell Technology news, Director Brad W. Buss acquired 3,000 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $69.00 per share, for a total transaction of $207,000.00. Following the transaction, the director now owns 87,113 shares of the company’s stock, valued at $6,010,797. The trade was a 3.57 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Chris Koopmans sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.35, for a total transaction of $638,100.00. Following the sale, the chief operating officer now owns 87,931 shares of the company’s stock, valued at approximately $9,351,461.85. This represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,390 shares of company stock worth $1,937,938. 0.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on MRVL. StockNews.com raised shares of Marvell Technology from a “sell” rating to a “hold” rating in a report on Thursday, January 9th. Piper Sandler decreased their target price on Marvell Technology from $120.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $140.00 target price on shares of Marvell Technology in a report on Thursday, March 6th. KeyCorp cut their price target on Marvell Technology from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Finally, Loop Capital upgraded Marvell Technology from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.56.

Marvell Technology Trading Down 0.0 %

Shares of NASDAQ MRVL opened at $58.68 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 12 month low of $47.09 and a 12 month high of $127.48. The company has a market cap of $50.82 billion, a price-to-earnings ratio of -34.52, a P/E/G ratio of 1.61 and a beta of 1.78. The business has a fifty day simple moving average of $66.49 and a 200-day simple moving average of $90.50.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be given a $0.06 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.41%. Marvell Technology’s dividend payout ratio (DPR) is presently -23.53%.

Marvell Technology Profile

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.