Marvell Technology, Inc. (NASDAQ:MRVL) Shares Acquired by Quantum Private Wealth LLC

Quantum Private Wealth LLC lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,833 shares of the semiconductor company’s stock after purchasing an additional 357 shares during the period. Marvell Technology comprises approximately 1.2% of Quantum Private Wealth LLC’s holdings, making the stock its 13th biggest holding. Quantum Private Wealth LLC’s holdings in Marvell Technology were worth $3,737,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Inspire Investing LLC raised its holdings in shares of Marvell Technology by 5.6% in the third quarter. Inspire Investing LLC now owns 3,981 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 210 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Marvell Technology by 125.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 604 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 336 shares in the last quarter. Creative Planning raised its stake in Marvell Technology by 37.5% in the 3rd quarter. Creative Planning now owns 103,740 shares of the semiconductor company’s stock valued at $7,482,000 after purchasing an additional 28,286 shares during the last quarter. NBC Securities Inc. lifted its holdings in Marvell Technology by 20.5% in the 3rd quarter. NBC Securities Inc. now owns 2,466 shares of the semiconductor company’s stock valued at $177,000 after purchasing an additional 419 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of Marvell Technology by 1.0% during the 3rd quarter. Swedbank AB now owns 2,357,695 shares of the semiconductor company’s stock worth $170,037,000 after purchasing an additional 23,680 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $118.33, for a total transaction of $177,495.00. Following the sale, the chief financial officer now directly owns 111,211 shares of the company’s stock, valued at approximately $13,159,597.63. The trade was a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Chris Koopmans sold 6,000 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $124.40, for a total value of $746,400.00. Following the completion of the transaction, the executive vice president now directly owns 93,931 shares of the company’s stock, valued at $11,685,016.40. This represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,255 shares of company stock valued at $3,692,880. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MRVL. The Goldman Sachs Group boosted their price objective on shares of Marvell Technology from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Melius Research upgraded Marvell Technology to a “strong-buy” rating in a report on Monday, January 27th. Melius started coverage on Marvell Technology in a report on Monday, January 27th. They set a “buy” rating and a $188.00 price objective on the stock. Oppenheimer upped their target price on Marvell Technology from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, William Blair raised Marvell Technology to a “strong-buy” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.60.

Marvell Technology Price Performance

MRVL stock opened at $106.51 on Friday. The firm has a market cap of $92.16 billion, a P/E ratio of -62.65, a price-to-earnings-growth ratio of 1.77 and a beta of 1.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60. Marvell Technology, Inc. has a 1 year low of $53.19 and a 1 year high of $127.48. The stock has a 50-day simple moving average of $113.94 and a 200-day simple moving average of $90.62.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Friday, January 10th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.23%. Marvell Technology’s dividend payout ratio is currently -14.12%.

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.