Marvell Technology, Inc. (NASDAQ:MRVL) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 19.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,055 shares of the semiconductor company’s stock after acquiring an additional 1,648 shares during the quarter. Stephens Inc. AR’s holdings in Marvell Technology were worth $1,111,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stephens Investment Management Group LLC boosted its stake in Marvell Technology by 7.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 256,707 shares of the semiconductor company’s stock valued at $28,353,000 after purchasing an additional 16,771 shares during the period. Quotient Wealth Partners LLC acquired a new position in shares of Marvell Technology in the 4th quarter valued at $282,000. Empowered Funds LLC increased its position in shares of Marvell Technology by 15.9% in the fourth quarter. Empowered Funds LLC now owns 47,636 shares of the semiconductor company’s stock worth $5,261,000 after acquiring an additional 6,536 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in Marvell Technology by 8.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 51,656 shares of the semiconductor company’s stock valued at $5,705,000 after buying an additional 4,069 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in Marvell Technology by 5.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 7,584 shares of the semiconductor company’s stock valued at $838,000 after buying an additional 403 shares during the period. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In other news, EVP Chris Koopmans sold 6,000 shares of Marvell Technology stock in a transaction on Friday, November 15th. The shares were sold at an average price of $89.14, for a total transaction of $534,840.00. Following the transaction, the executive vice president now directly owns 103,244 shares of the company’s stock, valued at $9,203,170.16. This trade represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 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 $183,750.00. Following the completion of the sale, the chief financial officer now owns 112,711 shares of the company’s stock, valued at approximately $13,807,097.50. This represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,755 shares of company stock valued at $4,361,430 in the last 90 days. 0.33% of the stock is owned by insiders.

Marvell Technology Trading Down 3.4 %

NASDAQ MRVL opened at $105.42 on Thursday. Marvell Technology, Inc. has a 12 month low of $53.19 and a 12 month high of $127.48. The stock has a 50-day simple moving average of $114.27 and a 200 day simple moving average of $90.05. 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 market capitalization of $91.22 billion, a PE ratio of -62.01, a P/E/G ratio of 1.77 and a beta of 1.40.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were given a $0.06 dividend. 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 -14.12%.

Wall Street Analyst Weigh In

MRVL has been the subject of several research reports. Cantor Fitzgerald lifted their price target on Marvell Technology from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Citigroup increased their price objective on Marvell Technology from $91.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com upgraded Marvell Technology from a “sell” rating to a “hold” rating in a report on Thursday, January 9th. Needham & Company LLC raised their target price on shares of Marvell Technology from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Loop Capital boosted their price objective on Marvell Technology from $95.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Three 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.60.

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.