Hudock Inc. Takes $265,000 Position in Marvell Technology, Inc. (NASDAQ:MRVL)

Hudock Inc. bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,398 shares of the semiconductor company's stock, valued at approximately $265,000.

Several other large investors have also modified their holdings of the stock. Zweig DiMenna Associates LLC raised its position in Marvell Technology by 6.3% during the 4th quarter. Zweig DiMenna Associates LLC now owns 213,521 shares of the semiconductor company's stock worth $23,583,000 after buying an additional 12,700 shares during the last quarter. Berbice Capital Management LLC purchased a new position in shares of Marvell Technology in the 4th quarter valued at about $637,000. RFG Advisory LLC increased its holdings in shares of Marvell Technology by 6.2% in the 4th quarter. RFG Advisory LLC now owns 42,621 shares of the semiconductor company's stock valued at $4,708,000 after purchasing an additional 2,507 shares in the last quarter. Braun Stacey Associates Inc. acquired a new stake in Marvell Technology in the 3rd quarter valued at about $16,435,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Marvell Technology by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,261,887 shares of the semiconductor company's stock valued at $235,247,000 after acquiring an additional 66,654 shares during the last quarter. 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, EVP Chris Koopmans sold 6,000 shares of Marvell Technology stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $124.40, for a total transaction of $746,400.00. Following the transaction, the executive vice president now owns 93,931 shares of the company's stock, valued at $11,685,016.40. The trade was a 6.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the business'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 sale, the chief financial officer now directly owns 112,711 shares of the company's stock, valued at approximately $13,807,097.50. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,255 shares of company stock valued at $3,692,880 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Marvell Technology Price Performance

MRVL traded up $3.01 during trading on Friday, reaching $106.51. The company had a trading volume of 13,532,440 shares, compared to its average volume of 13,070,750. The firm's 50-day simple moving average is $113.94 and its 200 day simple moving average is $90.62. Marvell Technology, Inc. has a 12-month low of $53.19 and a 12-month high of $127.48. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were paid a $0.06 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.23%. Marvell Technology's dividend payout ratio is currently -14.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. William Blair raised shares of Marvell Technology to a "strong-buy" rating in a research note on Wednesday, February 5th. Stifel Nicolaus increased their price objective on shares of Marvell Technology from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, January 6th. The Goldman Sachs Group raised their price target on shares of Marvell Technology from $115.00 to $131.00 and gave the company a "buy" rating in a report on Friday, January 10th. Melius initiated coverage on shares of Marvell Technology in a report on Monday, January 27th. They issued a "buy" rating and a $188.00 price target on the stock. Finally, B. Riley lifted their price objective on shares of Marvell Technology from $105.00 to $135.00 and gave the company 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 issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus target price of $127.60.

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.