Braun Stacey Associates Inc. Boosts Stake in Marvell Technology, Inc. (NASDAQ:MRVL)

Braun Stacey Associates Inc. grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,554 shares of the semiconductor company's stock after purchasing an additional 25,676 shares during the period. Braun Stacey Associates Inc.'s holdings in Marvell Technology were worth $28,005,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its stake 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 valued at $26,000 after acquiring an additional 149 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Marvell Technology in the 4th quarter valued at about $33,000. Financial Life Planners bought a new stake in shares of Marvell Technology in the 4th quarter valued at about $33,000. GHP Investment Advisors Inc. lifted its stake in shares of Marvell Technology by 48.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 344 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 112 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in shares of Marvell Technology by 1,481.8% in the 3rd quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 326 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MRVL. Stifel Nicolaus boosted their price target on Marvell Technology from $125.00 to $130.00 and gave the company a "buy" rating in a report on Monday, January 6th. Bank of America boosted their price target on Marvell Technology from $108.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Evercore ISI boosted their price target on Marvell Technology from $98.00 to $122.00 and gave the company an "outperform" rating in a report on Monday, December 2nd. StockNews.com upgraded Marvell Technology from a "sell" rating to a "hold" rating in a report on Thursday, January 9th. Finally, Craig Hallum boosted their price target on Marvell Technology from $132.00 to $149.00 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, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $127.60.

Marvell Technology Stock Down 4.5 %

Shares of MRVL traded down $4.86 during mid-day trading on Friday, reaching $103.85. The company had a trading volume of 11,006,714 shares, compared to its average volume of 12,895,910. The company has a market capitalization of $89.86 billion, a price-to-earnings ratio of -61.09, a price-to-earnings-growth ratio of 1.64 and a beta of 1.40. Marvell Technology, Inc. has a 52 week low of $53.19 and a 52 week high of $127.48. 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 50-day moving average price of $113.59 and a 200 day moving average price of $92.01.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were given a $0.06 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.24 annualized dividend and a yield of 0.23%. Marvell Technology's dividend payout ratio (DPR) is presently -14.12%.

Insider Activity at Marvell Technology

In related news, EVP Chris Koopmans sold 6,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $122.50, for a total value of $735,000.00. Following the transaction, the executive vice president now directly owns 97,244 shares of the company's stock, valued at approximately $11,912,390. This represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $122.50, for a total value of $183,750.00. Following the completion of the transaction, the chief financial officer now directly owns 112,711 shares in the company, valued at $13,807,097.50. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,255 shares of company stock valued at $4,330,980. 0.33% of the stock is 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.