Vinva Investment Management Ltd Purchases 3,954 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Vinva Investment Management Ltd grew its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,572 shares of the semiconductor company's stock after purchasing an additional 3,954 shares during the period. Vinva Investment Management Ltd's holdings in Marvell Technology were worth $4,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MRVL. True Wealth Design LLC grew its position in shares of Marvell Technology by 1,481.8% during the third quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 326 shares during the last quarter. ORG Partners LLC grew its position in shares of Marvell Technology by 175.3% during the fourth quarter. ORG Partners LLC now owns 234 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 149 shares during the last quarter. Centricity Wealth Management LLC bought a new position in shares of Marvell Technology during the fourth quarter worth about $26,000. Rialto Wealth Management LLC bought a new position in shares of Marvell Technology during the fourth quarter worth about $27,000. Finally, Kieckhefer Group LLC bought a new position in shares of Marvell Technology during the fourth quarter worth about $33,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on MRVL. Benchmark restated a "buy" rating and set a $135.00 price target on shares of Marvell Technology in a research report on Thursday, March 6th. The Goldman Sachs Group increased their target price on shares of Marvell Technology from $115.00 to $131.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Raymond James set a $110.00 target price on shares of Marvell Technology in a research report on Thursday, March 6th. UBS Group increased their target price on shares of Marvell Technology from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, Bank of America decreased their target price on shares of Marvell Technology from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus target price of $120.44.

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Insider Transactions at Marvell Technology

In other news, CAO Panteha Dixon sold 1,430 shares of the firm's stock in a transaction 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 sale, the chief accounting officer now owns 31,100 shares in the company, valued at approximately $2,138,125. This trade represents a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brad W. Buss acquired 3,000 shares of the stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $69.00 per share, for a total transaction of $207,000.00. Following the purchase, the director now owns 87,113 shares of the company's stock, valued at $6,010,797. The trade was a 3.57 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 37,685 shares of company stock worth $4,026,768. Insiders own 0.33% of the company's stock.

Marvell Technology Stock Performance

MRVL stock traded down $0.10 during midday trading on Friday, hitting $70.39. 11,931,502 shares of the company traded hands, compared to its average volume of 12,606,196. The business has a 50 day simple moving average of $99.06 and a 200-day simple moving average of $93.69. The stock has a market capitalization of $60.96 billion, a price-to-earnings ratio of -41.41, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a twelve month low of $53.19 and a twelve month high of $127.48.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.34%. Marvell Technology's payout ratio is -23.53%.

Marvell Technology 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.