Sava Infond d.o.o. Makes New Investment in Marvell Technology, Inc. (NASDAQ:MRVL)

Sava Infond d.o.o. bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 61,000 shares of the semiconductor company's stock, valued at approximately $6,737,000. Marvell Technology makes up 1.2% of Sava Infond d.o.o.'s holdings, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. boosted its position in shares of Marvell Technology by 2.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 6,480 shares of the semiconductor company's stock valued at $467,000 after acquiring an additional 156 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Marvell Technology by 84.3% during the 3rd quarter. Cerity Partners LLC now owns 61,016 shares of the semiconductor company's stock worth $4,401,000 after buying an additional 27,902 shares during the period. Summit Trail Advisors LLC boosted its stake in Marvell Technology by 6.4% in the 3rd quarter. Summit Trail Advisors LLC now owns 6,178 shares of the semiconductor company's stock valued at $446,000 after buying an additional 373 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Marvell Technology in the third quarter valued at $516,000. Finally, D.A. Davidson & CO. raised its stake in Marvell Technology by 8.5% during the third quarter. D.A. Davidson & CO. now owns 60,056 shares of the semiconductor company's stock worth $4,331,000 after acquiring an additional 4,718 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MRVL shares. William Blair raised shares of Marvell Technology to a "strong-buy" rating in a report on Wednesday, February 5th. Raymond James set a $110.00 target price on shares of Marvell Technology in a research note on Thursday, March 6th. Stifel Nicolaus decreased their price target on Marvell Technology from $130.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Needham & Company LLC reduced their price objective on Marvell Technology from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Finally, Barclays decreased their target price on Marvell Technology from $150.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Marvell Technology presently has a consensus rating of "Moderate Buy" and an average price target of $120.44.

Marvell Technology Trading Down 4.3 %

Shares of NASDAQ MRVL traded down $2.82 during midday trading on Friday, reaching $62.04. 18,769,219 shares of the stock were exchanged, compared to its average volume of 12,913,647. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11. Marvell Technology, Inc. has a 12 month low of $53.19 and a 12 month high of $127.48. The business has a 50-day simple moving average of $94.05 and a two-hundred day simple moving average of $93.62. The company has a market capitalization of $53.73 billion, a price-to-earnings ratio of -36.49, a P/E/G ratio of 1.61 and a beta of 1.42.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.39%. Marvell Technology's payout ratio is -23.53%.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CAO Panteha Dixon sold 1,430 shares of Marvell Technology stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $68.75, for a total value of $98,312.50. Following the transaction, the chief accounting officer now owns 31,100 shares of the company's stock, valued at approximately $2,138,125. The trade was a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Chris Koopmans sold 6,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $124.40, for a total transaction of $746,400.00. Following the sale, the executive vice president now directly owns 93,931 shares of the company's stock, valued at $11,685,016.40. This represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,685 shares of company stock valued at $4,026,768. Company insiders own 0.33% of the company's stock.

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.