Waldron Private Wealth LLC Acquires 103 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Waldron Private Wealth LLC increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 3.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,964 shares of the semiconductor company’s stock after buying an additional 103 shares during the quarter. Waldron Private Wealth LLC’s holdings in Marvell Technology were worth $327,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MRVL. Heck Capital Advisors LLC bought a new position in Marvell Technology in the 4th quarter worth about $147,000. Caprock Group LLC increased its stake in Marvell Technology by 8.1% in the 4th quarter. Caprock Group LLC now owns 8,784 shares of the semiconductor company’s stock worth $970,000 after acquiring an additional 656 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in Marvell Technology in the 4th quarter worth about $183,000. Alta Wealth Advisors LLC increased its stake in Marvell Technology by 64.3% in the 4th quarter. Alta Wealth Advisors LLC now owns 5,478 shares of the semiconductor company’s stock worth $605,000 after acquiring an additional 2,143 shares during the last quarter. Finally, Institute for Wealth Management LLC. increased its position in shares of Marvell Technology by 11.0% during the 4th quarter. Institute for Wealth Management LLC. now owns 16,293 shares of the semiconductor company’s stock valued at $1,800,000 after purchasing an additional 1,609 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Stock Up 2.3 %

Shares of NASDAQ MRVL opened at $112.86 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60. The firm has a market capitalization of $97.66 billion, a price-to-earnings ratio of -66.39, a PEG ratio of 3.51 and a beta of 1.41. The stock has a 50 day moving average price of $111.72 and a 200 day moving average price of $87.65. Marvell Technology, Inc. has a 52-week low of $53.19 and a 52-week high of $127.48.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were issued 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 yield of 0.21%. Marvell Technology’s dividend payout ratio is currently -14.12%.

Insiders Place Their Bets

In other Marvell Technology news, EVP Chris Koopmans sold 6,000 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $124.40, for a total transaction of $746,400.00. Following the completion of the sale, the executive vice president now owns 93,931 shares in the company, valued at $11,685,016.40. This represents a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Casper sold 2,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $113.00, for a total value of $282,500.00. Following the transaction, the executive vice president now directly owns 24,706 shares in the company, valued at approximately $2,791,778. The trade was a 9.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,755 shares of company stock worth $4,361,430 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MRVL. Craig Hallum increased their price objective on Marvell Technology from $132.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Barclays increased their price objective on Marvell Technology from $115.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. UBS Group increased their price objective on Marvell Technology from $110.00 to $115.00 and gave the company a “buy” rating in a research 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. Finally, Oppenheimer increased their target price on Marvell Technology from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.60.

About Marvell Technology

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.