Generali Investments Towarzystwo Funduszy Inwestycyjnych Cuts Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Generali Investments Towarzystwo Funduszy Inwestycyjnych lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,300 shares of the semiconductor company’s stock after selling 8,700 shares during the quarter. Marvell Technology accounts for 1.7% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s investment portfolio, making the stock its 15th biggest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Marvell Technology were worth $2,905,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MRVL. Swedbank AB raised its position in Marvell Technology by 1.0% during the third quarter. Swedbank AB now owns 2,357,695 shares of the semiconductor company’s stock valued at $170,037,000 after purchasing an additional 23,680 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Marvell Technology by 134.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 133,995 shares of the semiconductor company’s stock valued at $9,664,000 after purchasing an additional 76,745 shares during the last quarter. MONECO Advisors LLC purchased a new position in shares of Marvell Technology during the 3rd quarter valued at about $285,000. Fidelis Capital Partners LLC purchased a new position in shares of Marvell Technology during the 3rd quarter valued at about $273,000. Finally, Pathway Financial Advisers LLC boosted its stake in Marvell Technology by 3.7% in the third quarter. Pathway Financial Advisers LLC now owns 15,146 shares of the semiconductor company’s stock worth $1,092,000 after buying an additional 545 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MRVL shares. Benchmark restated a “buy” rating and issued a $135.00 price objective (up from $115.00) on shares of Marvell Technology in a report on Wednesday, December 4th. Citigroup increased their target price on shares of Marvell Technology from $91.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Barclays reissued an “overweight” rating on shares of Marvell Technology in a research note on Friday, February 14th. Craig Hallum lifted their price objective on Marvell Technology from $132.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Susquehanna increased their target price on Marvell Technology from $110.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, December 4th. Three investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.60.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $87.65 on Friday. Marvell Technology, Inc. has a 1 year low of $53.19 and a 1 year high of $127.48. The stock has a market capitalization of $75.84 billion, a P/E ratio of -51.56, a P/E/G ratio of 1.61 and a beta of 1.40. The company’s 50-day moving average is $112.03 and its 200 day moving average is $92.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.27%. Marvell Technology’s dividend payout ratio (DPR) is -14.12%.

Insider Transactions at Marvell Technology

In other news, EVP Mark Casper sold 2,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $113.00, for a total value of $282,500.00. Following the sale, the executive vice president now directly owns 24,706 shares of the company’s stock, valued at $2,791,778. This represents a 9.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Chris Koopmans sold 6,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.35, for a total transaction of $638,100.00. Following the completion of the transaction, the chief operating officer now owns 87,931 shares of the company’s stock, valued at approximately $9,351,461.85. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,255 shares of company stock valued at $4,330,980. Corporate insiders own 0.33% of the company’s stock.

Marvell Technology Company 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.