Midwest Capital Advisors LLC Invests $56,000 in Marvell Technology, Inc. (NASDAQ:MRVL)

Midwest Capital Advisors LLC acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 511 shares of the semiconductor company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MRVL. True Wealth Design LLC increased its holdings in shares of Marvell Technology by 1,481.8% during the 3rd quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company’s stock worth $25,000 after buying an additional 326 shares during the last quarter. ORG Partners LLC increased its holdings in Marvell Technology by 175.3% in the 4th quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in Marvell Technology in the 4th quarter valued at $26,000. Kieckhefer Group LLC acquired a new stake in Marvell Technology in the 4th quarter valued at $33,000. Finally, Financial Life Planners acquired a new stake in Marvell Technology in the 4th quarter valued at $33,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marvell Technology news, COO Chris Koopmans sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.35, for a total value of $638,100.00. Following the transaction, the chief operating officer now owns 87,931 shares of the company’s stock, valued at $9,351,461.85. This trade represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Casper sold 7,755 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $123.08, for a total transaction of $954,485.40. The disclosure for this sale can be found here. Insiders have sold 36,255 shares of company stock valued at $4,330,980 over the last quarter. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays reiterated an “overweight” rating on shares of Marvell Technology in a report on Friday, February 14th. Cantor Fitzgerald increased 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. Craig Hallum increased their price target on Marvell Technology from $132.00 to $149.00 and gave the company a “buy” rating in a report on Monday, January 6th. B. Riley increased their price target on Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Bank of America increased their price target on Marvell Technology from $108.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and a consensus target price of $127.60.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $103.85 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average price is $113.59 and its two-hundred day moving average price is $92.50. Marvell Technology, Inc. has a 52-week low of $53.19 and a 52-week high of $127.48. The stock has a market capitalization of $89.86 billion, a P/E ratio of -61.09, a P/E/G ratio of 1.61 and a beta of 1.40.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a 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.