Baader Bank Aktiengesellschaft Makes New Investment in Marvell Technology, Inc. (NASDAQ:MRVL)

Baader Bank Aktiengesellschaft acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,000 shares of the semiconductor company's stock, valued at approximately $1,104,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC boosted its position in Marvell Technology by 1,481.8% during the third quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 326 shares in the last quarter. ORG Partners LLC raised its holdings in shares of Marvell Technology by 175.3% in the fourth quarter. ORG Partners LLC now owns 234 shares of the semiconductor company's stock worth $26,000 after buying an additional 149 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Marvell Technology in the second quarter worth $32,000. Quarry LP purchased a new position in shares of Marvell Technology in the second quarter worth $32,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Marvell Technology during the fourth quarter worth $33,000. 83.51% of the stock is owned by institutional investors.

Marvell Technology Stock Up 3.5 %

MRVL traded up $3.77 during trading hours on Thursday, hitting $110.56. 9,429,108 shares of the company's stock were exchanged, compared to its average volume of 12,954,104. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 12-month low of $53.19 and a 12-month high of $127.48. The firm has a market cap of $95.67 billion, a P/E ratio of -65.09, a price-to-earnings-growth ratio of 4.12 and a beta of 1.41. The firm has a 50 day moving average of $110.97 and a 200 day moving average of $86.99.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Friday, January 10th. Marvell Technology's dividend payout ratio (DPR) is presently -14.12%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MRVL. Bank of America raised their target price on shares of Marvell Technology from $108.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Rosenblatt Securities lifted their target price on shares of Marvell Technology from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price target on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Oppenheimer boosted their price target on shares of Marvell Technology from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, B. Riley lifted their target price on shares of Marvell Technology from $105.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $127.60.

Insiders Place Their Bets

In related news, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $89.14, for a total value of $133,710.00. Following the sale, the chief financial officer now directly owns 114,211 shares of the company's stock, valued at approximately $10,180,768.54. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chris Koopmans sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $124.40, for a total transaction of $746,400.00. Following the completion of the transaction, the executive vice president now owns 93,931 shares in the company, valued at $11,685,016.40. The trade was a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,755 shares of company stock worth $4,361,430 in the last 90 days. Corporate insiders own 0.33% of the company's stock.

Marvell Technology 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.