Silicon Valley Capital Partners Grows Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Silicon Valley Capital Partners increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 254.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,978 shares of the semiconductor company's stock after acquiring an additional 23,678 shares during the period. Silicon Valley Capital Partners' holdings in Marvell Technology were worth $2,378,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new stake in shares of Marvell Technology during the 1st quarter worth about $31,000. Strategic Investment Solutions Inc. IL acquired a new stake in Marvell Technology during the second quarter worth approximately $32,000. Quarry LP bought a new stake in shares of Marvell Technology during the second quarter worth approximately $32,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Marvell Technology during the first quarter worth approximately $35,000. Finally, Whittier Trust Co. lifted its holdings in Marvell Technology by 74.5% during the 3rd quarter. Whittier Trust Co. now owns 492 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 210 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a "buy" rating and set a $95.00 price target (up from $90.00) on shares of Marvell Technology in a research report on Friday, August 30th. Bank of America boosted their price target on Marvell Technology from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, August 30th. KeyCorp raised their price objective on Marvell Technology from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 9th. Cantor Fitzgerald reiterated an "overweight" rating and set a $85.00 price objective on shares of Marvell Technology in a research note on Friday, August 30th. Finally, Roth Mkm restated a "buy" rating and issued a $95.00 target price on shares of Marvell Technology in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $91.62.

Marvell Technology Stock Performance

Shares of MRVL traded down $0.39 on Monday, reaching $84.38. 7,903,888 shares of the company's stock traded hands, compared to its average volume of 12,226,799. The stock has a market cap of $74.78 billion, a PE ratio of -76.57, a PEG ratio of 3.48 and a beta of 1.44. Marvell Technology, Inc. has a 52-week low of $50.35 and a 52-week high of $87.28. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.28. The stock's 50 day simple moving average is $74.94 and its two-hundred day simple moving average is $71.05.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, August 29th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.30. Marvell Technology had a positive return on equity of 4.31% and a negative net margin of 18.30%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business posted $0.18 earnings per share. The business's revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts forecast that Marvell Technology, Inc. will post 0.78 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, October 11th. Marvell Technology's dividend payout ratio (DPR) is presently -21.62%.

Insider Transactions at Marvell Technology

In related news, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $66.75, for a total transaction of $100,125.00. Following the transaction, the chief financial officer now directly owns 113,253 shares in the company, valued at $7,559,637.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Muhammad Raghib Hussain sold 150,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.50, for a total value of $12,075,000.00. Following the completion of the sale, the insider now directly owns 694,487 shares of the company's stock, valued at approximately $55,906,203.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $66.75, for a total transaction of $100,125.00. Following the completion of the transaction, the chief financial officer now directly owns 113,253 shares of the company's stock, valued at approximately $7,559,637.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 261,000 shares of company stock worth $20,330,835. 0.33% of the stock is currently owned by insiders.

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.