Marvell Technology (NASDAQ:MRVL) Shares Down 4.5% – Should You Sell?

Marvell Technology, Inc. (NASDAQ:MRVL) traded down 4.5% during mid-day trading on Tuesday . The stock traded as low as $92.15 and last traded at $93.52. 8,274,662 shares changed hands during trading, a decline of 36% from the average session volume of 12,867,187 shares. The stock had previously closed at $97.91.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MRVL shares. Barclays reiterated an “overweight” rating on shares of Marvell Technology in a research report on Friday, February 14th. B. Riley lifted their price objective on shares of Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. UBS Group increased their target price 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. Rosenblatt Securities raised their price target on shares of Marvell Technology from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Melius Research raised shares of Marvell Technology to a “strong-buy” rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $127.60.

Marvell Technology Stock Down 4.7 %

The firm has a market cap of $80.74 billion, a price-to-earnings ratio of -54.74, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The stock’s 50 day moving average is $113.05 and its 200 day moving average is $92.76. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Friday, January 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Friday, January 10th. Marvell Technology’s dividend payout ratio is presently -14.12%.

Insider Activity

In related news, CFO Willem A. Meintjes sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $122.50, for a total value of $183,750.00. Following the sale, the chief financial officer now directly owns 112,711 shares in the company, valued at $13,807,097.50. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Casper sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $113.00, for a total transaction of $282,500.00. Following the sale, the executive vice president now owns 24,706 shares of the company’s stock, valued at $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 36,255 shares of company stock worth $4,330,980 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Marvell Technology

Hedge funds have recently modified their holdings of the stock. Integrated Advisors Network LLC lifted its stake in Marvell Technology by 100.8% during the fourth quarter. Integrated Advisors Network LLC now owns 8,149 shares of the semiconductor company’s stock valued at $900,000 after buying an additional 4,090 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $53,000. Griffith & Werner Inc. acquired a new position in Marvell Technology in the 4th quarter worth approximately $1,869,000. Toronto Dominion Bank grew its position in Marvell Technology by 18.4% during the 4th quarter. Toronto Dominion Bank now owns 147,803 shares of the semiconductor company’s stock worth $16,325,000 after purchasing an additional 22,937 shares in the last quarter. Finally, Cache Advisors LLC acquired a new stake in Marvell Technology during the 4th quarter valued at $1,205,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

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.