Robeco Institutional Asset Management B.V. Buys 167,675 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Robeco Institutional Asset Management B.V. raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 118.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 309,669 shares of the semiconductor company’s stock after purchasing an additional 167,675 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Marvell Technology were worth $34,203,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Creative Planning increased its holdings in Marvell Technology by 4.1% in the 2nd quarter. Creative Planning now owns 75,454 shares of the semiconductor company’s stock worth $5,274,000 after buying an additional 2,982 shares in the last quarter. Quarry LP bought a new stake in shares of Marvell Technology in the second quarter worth approximately $32,000. EP Wealth Advisors LLC raised its holdings in shares of Marvell Technology by 15.4% during the second quarter. EP Wealth Advisors LLC now owns 7,711 shares of the semiconductor company’s stock valued at $539,000 after purchasing an additional 1,031 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Marvell Technology by 13.4% in the second quarter. Cetera Investment Advisers now owns 199,109 shares of the semiconductor company’s stock worth $13,918,000 after purchasing an additional 23,591 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Marvell Technology in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of several research analyst reports. Melius assumed coverage on Marvell Technology in a report on Monday. They set a “buy” rating and a $188.00 price target on the stock. Citigroup raised their target price on Marvell Technology from $91.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Cantor Fitzgerald upped their price target on shares of Marvell Technology from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. UBS Group raised their price objective on shares of Marvell Technology from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Craig Hallum upped their target price on shares of Marvell Technology from $132.00 to $149.00 and gave the company a “buy” rating in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average price target of $127.60.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction on 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 owns 111,211 shares in the company, valued at approximately $13,159,597.63. This represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Chris Koopmans sold 6,000 shares of Marvell Technology stock in a transaction on Friday, November 15th. The stock was 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. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,755 shares of company stock valued at $4,361,430. Insiders own 0.33% of the company’s stock.

Marvell Technology Trading Up 3.3 %

MRVL stock opened at $110.33 on Friday. The firm has a market cap of $95.47 billion, a PE ratio of -64.90, a price-to-earnings-growth ratio of 4.12 and a beta of 1.41. The firm has a fifty day moving average price of $111.31 and a 200 day moving average price of $87.15. 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 fifty-two week low of $53.19 and a fifty-two week high of $127.48.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Friday, January 10th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Friday, January 10th. Marvell Technology’s dividend payout ratio is -14.12%.

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.