Vaughan Nelson Investment Management L.P. Has $55.93 Million Stake in Marvell Technology, Inc. (NASDAQ:MRVL)

Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 10.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 775,450 shares of the semiconductor company's stock after buying an additional 75,211 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.09% of Marvell Technology worth $55,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Marvell Technology in the 2nd quarter valued at approximately $32,000. Quarry LP acquired a new position in shares of Marvell Technology during the 2nd quarter worth $32,000. Whittier Trust Co. increased its stake in shares of 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. Exchange Traded Concepts LLC increased its stake in shares of Marvell Technology by 125.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 604 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 336 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new position in shares of Marvell Technology during the 2nd quarter worth $45,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Price Performance

MRVL traded down $2.87 during midday trading on Friday, hitting $87.83. The company had a trading volume of 10,001,282 shares, compared to its average volume of 9,496,007. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.26 and a current ratio of 1.79. The company has a market capitalization of $77.83 billion, a PE ratio of -79.13, a P/E/G ratio of 3.82 and a beta of 1.44. Marvell Technology, Inc. has a twelve month low of $50.35 and a twelve month high of $95.09. The firm's 50-day simple moving average is $78.89 and its 200-day simple moving average is $72.74.

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

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.27%. The ex-dividend date was Friday, October 11th. Marvell Technology's payout ratio is -21.62%.

Insider Buying and Selling

In other news, CEO Matthew J. Murphy sold 6,000 shares of Marvell Technology stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $73.29, for a total value of $439,740.00. Following the sale, the chief executive officer now directly owns 208,915 shares in the company, valued at $15,311,380.35. This trade represents a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Muhammad Raghib Hussain sold 150,000 shares of Marvell Technology stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.50, for a total transaction of $12,075,000.00. Following the completion of the sale, the insider now owns 694,487 shares in the company, valued at $55,906,203.50. This trade represents a 17.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 259,500 shares of company stock valued at $20,230,710 in the last 90 days. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on MRVL. Loop Capital began coverage on shares of Marvell Technology in a research note on Monday, November 11th. They set a "hold" rating and a $95.00 price target on the stock. Morgan Stanley increased their price target on shares of Marvell Technology from $77.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, August 30th. StockNews.com downgraded shares of Marvell Technology from a "hold" rating to a "sell" rating in a report on Friday, October 18th. Citigroup reissued a "buy" rating and issued a $91.00 price target on shares of Marvell Technology in a report on Monday, October 14th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $95.00 price objective (up from $90.00) on shares of Marvell Technology in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $91.77.

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.