Advisory Services Network LLC Has $3.38 Million Position in Marvell Technology, Inc. (NASDAQ:MRVL)

Advisory Services Network LLC raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 35.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,635 shares of the semiconductor company's stock after acquiring an additional 8,001 shares during the quarter. Advisory Services Network LLC's holdings in Marvell Technology were worth $3,384,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Centricity Wealth Management LLC acquired a new position in shares of Marvell Technology during the 4th quarter worth approximately $26,000. ORG Partners LLC raised its position in Marvell Technology by 175.3% during the fourth quarter. ORG Partners LLC now owns 234 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 149 shares during the period. Rialto Wealth Management LLC purchased a new position in Marvell Technology during the fourth quarter valued at $27,000. Kieckhefer Group LLC acquired a new stake in shares of Marvell Technology in the fourth quarter valued at about $33,000. Finally, Financial Life Planners purchased a new stake in shares of Marvell Technology during the fourth quarter worth about $33,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

Shares of MRVL stock traded up $0.52 during trading on Friday, reaching $53.39. The company had a trading volume of 17,706,981 shares, compared to its average volume of 13,434,520. The firm's 50 day simple moving average is $79.86 and its two-hundred day simple moving average is $92.05. Marvell Technology, Inc. has a one year low of $47.09 and a one year high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11. The company has a market capitalization of $46.24 billion, a PE ratio of -31.41, a PEG ratio of 1.61 and a beta of 1.78.

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Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.45%. Marvell Technology's dividend payout ratio is -23.53%.

Wall Street Analyst Weigh In

Several research analysts recently commented on MRVL shares. StockNews.com raised Marvell Technology from a "sell" rating to a "hold" rating in a research note on Thursday, January 9th. Roth Capital set a $100.00 price target on shares of Marvell Technology in a research note on Thursday, March 6th. Melius started coverage on shares of Marvell Technology in a research note on Monday, January 27th. They set a "buy" rating and a $188.00 price objective for the company. Loop Capital upgraded Marvell Technology from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Thursday, March 6th. Finally, Craig Hallum upped their price target on Marvell Technology from $132.00 to $149.00 and gave the company a "buy" rating in a research report on Monday, January 6th. 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $119.48.

Insider Transactions at Marvell Technology

In other news, CAO Panteha Dixon sold 1,430 shares of Marvell Technology stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $68.75, for a total transaction of $98,312.50. Following the sale, the chief accounting officer now directly owns 31,100 shares in the company, valued at approximately $2,138,125. The trade was a 4.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brad W. Buss acquired 3,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $69.00 per share, for a total transaction of $207,000.00. Following the completion of the acquisition, the director now directly owns 87,113 shares of the company's stock, valued at approximately $6,010,797. This represents a 3.57 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 30,185 shares of company stock worth $3,131,018. Insiders own 0.33% of the company's stock.

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.