Marvell Technology, Inc. (NASDAQ:MRVL) Shares Sold by EMC Capital Management

EMC Capital Management trimmed its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 92.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100 shares of the semiconductor company's stock after selling 12,788 shares during the quarter. EMC Capital Management's holdings in Marvell Technology were worth $121,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MRVL. Capital Investment Advisory Services LLC acquired a new position in shares of Marvell Technology during the fourth quarter worth $221,000. OLD National Bancorp IN purchased a new stake in Marvell Technology during the 4th quarter worth about $237,000. First Affirmative Financial Network acquired a new position in shares of Marvell Technology during the 4th quarter worth about $206,000. Synergy Asset Management LLC purchased a new position in shares of Marvell Technology in the 4th quarter valued at about $93,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Marvell Technology during the 4th quarter worth about $1,104,000. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Activity

In other Marvell Technology news, EVP Mark Casper sold 7,755 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $123.08, for a total transaction of $954,485.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Chris Koopmans sold 6,000 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $89.14, for a total value of $534,840.00. Following the completion of the transaction, the executive vice president now directly owns 103,244 shares of the company's stock, valued at approximately $9,203,170.16. This trade represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,755 shares of company stock worth $4,361,430 over the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several recent analyst reports. Oppenheimer increased their price target on shares of Marvell Technology from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Susquehanna lifted their price target on shares of Marvell Technology from $110.00 to $125.00 and gave the stock a "positive" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upped their price objective on shares of Marvell Technology from $90.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Melius began coverage on Marvell Technology in a research report on Monday. They set a "buy" rating and a $188.00 target price on the stock. Finally, Morgan Stanley decreased their target price on Marvell Technology from $120.00 to $113.00 and set an "equal weight" rating for the company in a research report on Tuesday. Three research 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. Based on data from MarketBeat.com, Marvell Technology presently has a consensus rating of "Moderate Buy" and an average target price of $127.60.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL traded up $2.53 during trading on Friday, hitting $112.86. 15,195,969 shares of the stock were exchanged, compared to its average volume of 13,336,477. The company has a market cap of $97.66 billion, a PE ratio of -66.39, a P/E/G ratio of 3.51 and a beta of 1.41. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $111.72 and a two-hundred day moving average price of $87.43. Marvell Technology, Inc. has a 12-month low of $53.19 and a 12-month high of $127.48.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were given a dividend of $0.06 per share. The ex-dividend date was Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.21%. 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.