Analog Century Management LP Has $81.24 Million Position in Marvell Technology, Inc. (NASDAQ:MRVL)

Analog Century Management LP reduced its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 40.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 735,573 shares of the semiconductor company's stock after selling 500,503 shares during the period. Marvell Technology accounts for approximately 5.4% of Analog Century Management LP's portfolio, making the stock its 5th largest holding. Analog Century Management LP owned approximately 0.09% of Marvell Technology worth $81,244,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC raised its stake in shares of Marvell Technology by 300.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 684 shares of the semiconductor company's stock valued at $76,000 after purchasing an additional 513 shares during the period. Hood River Capital Management LLC increased its position in shares of Marvell Technology by 21.9% during the fourth quarter. Hood River Capital Management LLC now owns 171,765 shares of the semiconductor company's stock valued at $18,971,000 after buying an additional 30,879 shares during the period. Totem Point Management LLC bought a new stake in shares of Marvell Technology during the fourth quarter valued at about $6,412,000. Pinebridge Investments L.P. lifted its holdings in shares of Marvell Technology by 26.3% in the fourth quarter. Pinebridge Investments L.P. now owns 143,306 shares of the semiconductor company's stock worth $15,828,000 after buying an additional 29,819 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Marvell Technology by 16.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,080,921 shares of the semiconductor company's stock valued at $782,089,000 after acquiring an additional 1,018,839 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Price Performance

Shares of MRVL stock opened at $53.76 on Thursday. 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 cap of $46.56 billion, a P/E ratio of -31.63, a P/E/G ratio of 1.61 and a beta of 1.78. The business's 50 day moving average price is $70.48 and its 200-day moving average price is $90.80. Marvell Technology, Inc. has a fifty-two week low of $47.09 and a fifty-two week high of $127.48.

Marvell Technology Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have issued reports on MRVL. Melius initiated coverage on shares of Marvell Technology in a research note on Monday, January 27th. They issued a "buy" rating and a $188.00 target price on the stock. Summit Insights cut Marvell Technology from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. TD Cowen decreased their target price on Marvell Technology from $125.00 to $95.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. KeyCorp dropped their price target on Marvell Technology from $135.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Marvell Technology from $115.00 to $131.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.56.

Insiders Place Their Bets

In related news, CAO Panteha Dixon sold 1,430 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $68.75, for a total value of $98,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 31,100 shares of the company's stock, valued at $2,138,125. This represents a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Chris Koopmans sold 6,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $68.83, for a total transaction of $412,980.00. Following the completion of the sale, the chief operating officer now owns 81,931 shares of the company's stock, valued at $5,639,310.73. This trade represents a 6.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,930 shares of company stock worth $1,252,638. 0.33% of the stock is currently owned by corporate insiders.

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.

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