Marvell Technology, Inc. (NASDAQ:MRVL) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 428,375 shares of the semiconductor company's stock after buying an additional 46,087 shares during the quarter. Marvell Technology makes up approximately 0.7% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 25th largest position. Segall Bryant & Hamill LLC's holdings in Marvell Technology were worth $47,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Centricity Wealth Management LLC purchased a new position in Marvell Technology in the fourth quarter worth approximately $26,000. ORG Partners LLC grew its holdings 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 purchasing an additional 149 shares during the period. Rialto Wealth Management LLC acquired a new stake in shares of Marvell Technology during the 4th quarter worth about $27,000. Kieckhefer Group LLC purchased a new stake in Marvell Technology in the 4th quarter valued at about $33,000. Finally, Financial Life Planners acquired a new position in Marvell Technology in the fourth quarter valued at about $33,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $68.83, for a total transaction of $103,245.00. Following the transaction, the chief financial officer now owns 113,592 shares of the company's stock, valued at $7,818,537.36. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Chris Koopmans sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $68.83, for a total transaction of $412,980.00. Following the transaction, the chief operating officer now owns 81,931 shares in the company, valued at approximately $5,639,310.73. This trade represents a 6.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,685 shares of company stock worth $4,026,768. Corporate insiders own 0.33% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently issued reports on MRVL. Benchmark reissued a "buy" rating and issued a $135.00 price target on shares of Marvell Technology in a research note on Thursday, March 6th. UBS Group upped their price target on Marvell Technology from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. TD Cowen lowered their price target on Marvell Technology from $125.00 to $95.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. William Blair upgraded Marvell Technology to a "strong-buy" rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. raised their target price on Marvell Technology from $90.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. 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.com, Marvell Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.44.

Marvell Technology Stock Down 4.3 %

Shares of Marvell Technology stock traded down $2.82 during trading hours on Friday, hitting $62.04. The company had a trading volume of 18,769,219 shares, compared to its average volume of 12,913,629. The company's 50-day moving average is $94.05 and its two-hundred day moving average is $93.47. Marvell Technology, Inc. has a twelve month low of $53.19 and a twelve month high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11. The company has a market cap of $53.73 billion, a P/E ratio of -36.49, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42.

Marvell Technology Dividend Announcement

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

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.