Ariose Capital Management Ltd Purchases Shares of 18,300 Marvell Technology, Inc. (NASDAQ:MRVL)

Ariose Capital Management Ltd purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,300 shares of the semiconductor company's stock, valued at approximately $2,021,000. Marvell Technology makes up 1.7% of Ariose Capital Management Ltd's portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Partners LLC grew its holdings in shares of Marvell Technology by 175.3% in the 4th 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 last quarter. Kieckhefer Group LLC acquired a new position in shares of Marvell Technology in the 4th quarter valued at $33,000. True Wealth Design LLC increased its stake in Marvell Technology by 1,481.8% in the 3rd quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 326 shares in the last quarter. Quarry LP purchased a new stake in Marvell Technology during the second quarter valued at about $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Marvell Technology during the 2nd quarter valued at $32,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

Shares of MRVL traded up $7.18 during mid-day trading on Monday, hitting $124.76. The company's stock had a trading volume of 14,849,059 shares, compared to its average volume of 13,008,617. Marvell Technology, Inc. has a one year low of $53.19 and a one year high of $126.15. The stock's 50-day moving average is $106.70 and its two-hundred day moving average is $84.64. The firm has a market capitalization of $107.95 billion, a PE ratio of -73.39, a price-to-earnings-growth ratio of 3.76 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.24 annualized dividend and a yield of 0.19%. Marvell Technology's dividend payout ratio is -14.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MRVL shares. Morgan Stanley raised their price objective on Marvell Technology from $102.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. UBS Group boosted their price objective on shares of Marvell Technology from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their target price on shares of Marvell Technology from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Benchmark reissued a "buy" rating and set a $135.00 target price (up previously from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 4th. Finally, Needham & Company LLC upped their price target on shares of Marvell Technology from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.96.

Insider Transactions at Marvell Technology

In other news, EVP Chris Koopmans sold 6,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $89.14, for a total transaction of $534,840.00. Following the sale, the executive vice president now directly owns 103,244 shares in the company, valued at approximately $9,203,170.16. The trade was a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark Casper sold 2,500 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 24,706 shares of the company's stock, valued at approximately $2,791,778. This trade represents a 9.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,755 shares of company stock worth $3,615,030. 0.33% of the stock is currently owned by company insiders.

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.