4,596 Shares in Marvell Technology, Inc. (NASDAQ:MRVL) Bought by TigerOak Management L.L.C.

TigerOak Management L.L.C. bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,596 shares of the semiconductor company's stock, valued at approximately $508,000.

Other institutional investors and hedge funds have also modified their holdings of the company. American Financial Advisors LLC acquired a new position in Marvell Technology during the 4th quarter valued at $250,000. Lodestone Wealth Management LLC raised its stake 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 worth $514,000 after acquiring an additional 93 shares during the last quarter. Adell Harriman & Carpenter Inc. raised its holdings in Marvell Technology by 1.5% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 113,111 shares of the semiconductor company's stock worth $12,493,000 after purchasing an additional 1,640 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Marvell Technology by 0.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock valued at $7,368,000 after acquiring an additional 460 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in Marvell Technology by 1.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 10,877 shares of the semiconductor company's stock worth $1,201,000 after acquiring an additional 120 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MRVL has been the subject of several analyst reports. Loop Capital raised their price objective on Marvell Technology from $95.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Craig Hallum boosted their price objective on shares of Marvell Technology from $132.00 to $149.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Melius initiated coverage on shares of Marvell Technology in a research report on Monday, January 27th. They set a "buy" rating and a $188.00 price objective for the company. Cantor Fitzgerald increased their target price on shares of Marvell Technology from $120.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Finally, TD Cowen lifted their price objective on shares of Marvell Technology from $90.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $127.60.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 7,755 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $123.08, for a total value of $954,485.40. 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 company's stock in a transaction on Tuesday, February 18th. The stock was 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 in the company, valued at approximately $9,351,461.85. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,255 shares of company stock worth $4,330,980 in the last ninety days. 0.33% of the stock is owned by corporate insiders.

Marvell Technology Trading Up 3.5 %

Shares of MRVL traded up $3.75 during mid-day trading on Wednesday, reaching $111.04. The stock had a trading volume of 13,231,932 shares, compared to its average volume of 13,064,065. The business's fifty day moving average is $113.93 and its 200 day moving average is $91.57. The firm has a market cap 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. 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 52-week low of $53.19 and a 52-week high of $127.48.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were paid a dividend of $0.06 per share. 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 presently -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.