Avalon Trust Co bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 510 shares of the semiconductor company’s stock, valued at approximately $56,000.
Other large investors have also recently modified their holdings of the company. Frank Rimerman Advisors LLC boosted its stake in Marvell Technology by 184.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 8,395 shares of the semiconductor company’s stock worth $927,000 after acquiring an additional 5,447 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Marvell Technology during the fourth quarter worth about $818,000. Catalyst Funds Management Pty Ltd bought a new stake in Marvell Technology during the fourth quarter worth about $3,755,000. Poinciana Advisors Group LLC bought a new stake in Marvell Technology during the fourth quarter worth about $216,000. Finally, Midwest Professional Planners LTD. bought a new stake in Marvell Technology during the fourth quarter worth about $729,000. Institutional investors own 83.51% of the company’s stock.
Marvell Technology Stock Down 0.0 %
Shares of MRVL stock opened at $68.74 on Friday. Marvell Technology, Inc. has a 12 month low of $53.19 and a 12 month high of $127.48. The stock has a market cap of $59.48 billion, a P/E ratio of -40.44, a P/E/G ratio of 1.61 and a beta of 1.42. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $103.79 and a two-hundred day simple moving average of $93.77.
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
MRVL has been the topic of several research reports. Bank of America dropped their price objective on shares of Marvell Technology from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group lifted their target price on shares of Marvell Technology from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Raymond James set a $110.00 target price on shares of Marvell Technology in a report on Thursday, March 6th. Craig Hallum lifted their target price on shares of Marvell Technology from $132.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Summit Insights cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Three analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and an average price target of $120.44.
Read Our Latest Research Report on Marvell Technology
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.
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