Forsta AP Fonden Purchases 14,500 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Forsta AP Fonden lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,300 shares of the semiconductor company's stock after buying an additional 14,500 shares during the quarter. Forsta AP Fonden's holdings in Marvell Technology were worth $21,571,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MRVL. True Wealth Design LLC grew its position in shares of Marvell Technology by 1,481.8% during the 3rd quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company's stock worth $25,000 after buying an additional 326 shares during the period. ORG Partners LLC grew its position in shares of Marvell Technology by 175.3% during the 4th 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 period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $32,000. Quarry LP acquired a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $32,000. Finally, Kieckhefer Group LLC bought a new position in Marvell Technology during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 114,211 shares in the company, valued at $10,180,768.54. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Chris Koopmans sold 6,000 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $89.14, for a total transaction of $534,840.00. Following the completion of the transaction, the executive vice president now owns 103,244 shares in the company, valued at approximately $9,203,170.16. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,755 shares of company stock worth $4,361,430 over the last ninety days. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on MRVL shares. Melius Research raised shares of Marvell Technology to a "strong-buy" rating in a research note on Monday. Evercore ISI lifted their price objective on shares of Marvell Technology from $98.00 to $122.00 and gave the stock an "outperform" rating in a research note on Monday, December 2nd. StockNews.com raised shares of Marvell Technology from a "sell" rating to a "hold" rating in a research note on Thursday, January 9th. The Goldman Sachs Group lifted their price objective on shares of Marvell Technology from $115.00 to $131.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, Needham & Company LLC lifted their price objective 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, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.60.

Marvell Technology Stock Up 2.8 %

MRVL traded up $2.91 during trading on Wednesday, reaching $106.79. 15,862,494 shares of the stock were exchanged, compared to its average volume of 13,150,286. The stock has a market cap of $92.41 billion, a P/E ratio of -62.82, a price-to-earnings-growth ratio of 4.12 and a beta of 1.41. Marvell Technology, Inc. has a twelve month low of $53.19 and a twelve month high of $127.48. The stock's 50 day moving average price is $110.63 and its two-hundred day moving average price is $86.85. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Friday, January 10th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.22%. Marvell Technology's payout ratio is -14.12%.

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.