Marvell Technology, Inc. (NASDAQ:MRVL) Stock Position Lowered by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC trimmed its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,252 shares of the semiconductor company's stock after selling 4,890 shares during the quarter. Sheaff Brock Investment Advisors LLC's holdings in Marvell Technology were worth $4,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Lodestone Wealth Management LLC raised its holdings in shares of Marvell Technology by 2.0% in the fourth quarter. Lodestone Wealth Management LLC now owns 4,655 shares of the semiconductor company's stock valued at $514,000 after buying an additional 93 shares during the last quarter. Valley National Advisers Inc. boosted its stake in shares of Marvell Technology by 0.4% in the 4th quarter. Valley National Advisers Inc. now owns 25,135 shares of the semiconductor company's stock valued at $2,775,000 after purchasing an additional 96 shares during the last quarter. Waldron Private Wealth LLC increased its holdings in Marvell Technology by 3.6% in the fourth quarter. Waldron Private Wealth LLC now owns 2,964 shares of the semiconductor company's stock valued at $327,000 after purchasing an additional 103 shares during the last quarter. Tsfg LLC raised its holdings in Marvell Technology by 7.5% in the fourth quarter. Tsfg LLC now owns 1,593 shares of the semiconductor company's stock worth $176,000 after purchasing an additional 111 shares during the period. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Marvell Technology by 48.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 344 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 112 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes sold 1,500 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $122.50, for a total transaction of $183,750.00. Following the completion of the sale, the chief financial officer now owns 112,711 shares of the company's stock, valued at $13,807,097.50. This represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Chris Koopmans sold 6,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.35, for a total transaction of $638,100.00. Following the transaction, the chief operating officer now directly owns 87,931 shares of the company's stock, valued at $9,351,461.85. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,255 shares of company stock valued at $4,330,980 over the last three months. 0.33% of the stock is owned by insiders.

Marvell Technology Stock Up 3.5 %

NASDAQ MRVL traded up $3.75 during trading hours on Wednesday, hitting $111.04. The company had a trading volume of 13,231,932 shares, compared to its average volume of 13,064,065. The firm's 50 day moving average is $113.93 and its 200 day moving average is $91.57. The company has a market capitalization of $96.08 billion, a price-to-earnings ratio of -65.32, a P/E/G ratio of 1.58 and a beta of 1.40. Marvell Technology, Inc. has a fifty-two week low of $53.19 and a fifty-two week 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.

Marvell Technology Dividend Announcement

The company 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 of this dividend was Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.22%. Marvell Technology's dividend payout ratio (DPR) is -14.12%.

Analyst Ratings Changes

Several equities research analysts have issued reports on MRVL shares. Oppenheimer lifted 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. TD Cowen raised their price target on Marvell Technology from $90.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Benchmark reaffirmed a "buy" rating and issued a $135.00 price objective (up from $115.00) on shares of Marvell Technology in a report on Wednesday, December 4th. Bank of America lifted their price target on shares of Marvell Technology from $108.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley reduced their price target on shares of Marvell Technology from $120.00 to $113.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $127.60.

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.