Oak Ridge Investments LLC Purchases Shares of 3,798 Marvell Technology, Inc. (NASDAQ:MRVL)

Oak Ridge Investments LLC acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,798 shares of the semiconductor company's stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MRVL. Tsfg LLC increased its stake in shares of Marvell Technology by 7.5% in the 4th quarter. Tsfg LLC now owns 1,593 shares of the semiconductor company's stock valued at $176,000 after purchasing an additional 111 shares in the last quarter. Citizens Financial Group Inc. RI grew its holdings in Marvell Technology by 1.5% in the third quarter. Citizens Financial Group Inc. RI now owns 7,842 shares of the semiconductor company's stock valued at $566,000 after purchasing an additional 116 shares during the period. Crumly & Associates Inc. increased its position in shares of Marvell Technology by 1.5% in the third quarter. Crumly & Associates Inc. now owns 8,223 shares of the semiconductor company's stock valued at $593,000 after buying an additional 121 shares in the last quarter. United Capital Management of KS Inc. raised its stake in shares of Marvell Technology by 0.4% during the 3rd quarter. United Capital Management of KS Inc. now owns 34,251 shares of the semiconductor company's stock worth $2,470,000 after buying an additional 131 shares during the period. Finally, Sunflower Bank N.A. lifted its position in shares of Marvell Technology by 4.8% during the 4th quarter. Sunflower Bank N.A. now owns 3,003 shares of the semiconductor company's stock valued at $332,000 after buying an additional 138 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on MRVL. Wells Fargo & Company boosted their price target on shares of Marvell Technology from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Loop Capital boosted their target price on shares of Marvell Technology from $95.00 to $110.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. B. Riley raised their price target on shares of Marvell Technology from $105.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Rosenblatt Securities boosted their price objective on Marvell Technology from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus increased their target price on Marvell Technology from $125.00 to $130.00 and gave the company a "buy" rating in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.96.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 7,755 shares of the company's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $123.08, for a total transaction of $954,485.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael G. Strachan sold 5,000 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $122.65, for a total value of $613,250.00. Following the transaction, the director now owns 30,959 shares of the company's stock, valued at approximately $3,797,121.35. This represents a 13.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,755 shares of company stock valued at $3,615,030 over the last 90 days. 0.33% of the stock is owned by insiders.

Marvell Technology Trading Up 6.1 %

MRVL stock traded up $7.18 during midday trading on Monday, hitting $124.76. 14,849,059 shares of the company's stock were exchanged, compared to its average volume of 13,008,617. Marvell Technology, Inc. has a 1-year low of $53.19 and a 1-year high of $126.15. 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 stock has a market capitalization of $107.95 billion, a PE ratio of -73.39, a P/E/G ratio of 3.76 and a beta of 1.41. The business has a 50-day simple moving average of $106.70 and a two-hundred day simple moving average of $84.64.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Friday, January 10th will be issued a $0.06 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.24 annualized dividend and a yield of 0.19%. Marvell Technology's dividend payout ratio (DPR) is currently -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.