Vontobel Holding Ltd. Sells 7,865 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Vontobel Holding Ltd. trimmed its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 68,194 shares of the semiconductor company's stock after selling 7,865 shares during the period. Vontobel Holding Ltd.'s holdings in Marvell Technology were worth $7,532,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MRVL. Valley National Advisers Inc. increased its position in shares of Marvell Technology by 0.4% during the fourth quarter. Valley National Advisers Inc. now owns 25,135 shares of the semiconductor company's stock valued at $2,775,000 after acquiring an additional 96 shares in the last quarter. Waldron Private Wealth LLC increased its position in shares of Marvell Technology by 3.6% during the fourth quarter. Waldron Private Wealth LLC now owns 2,964 shares of the semiconductor company's stock valued at $327,000 after acquiring an additional 103 shares in the last quarter. Tsfg LLC increased its position in shares of Marvell Technology by 7.5% during the fourth quarter. Tsfg LLC now owns 1,593 shares of the semiconductor company's stock valued at $176,000 after acquiring an additional 111 shares in the last quarter. GHP Investment Advisors Inc. increased its position in shares of Marvell Technology by 48.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 344 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 112 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in shares of Marvell Technology by 1.5% during the third quarter. Citizens Financial Group Inc. RI now owns 7,842 shares of the semiconductor company's stock valued at $566,000 after acquiring an additional 116 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 2,500 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $113.00, for a total value of $282,500.00. Following the sale, the executive vice president now owns 24,706 shares in the company, valued at $2,791,778. The trade was a 9.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chris Koopmans sold 6,000 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $122.50, for a total transaction of $735,000.00. Following the completion of the sale, the executive vice president now owns 97,244 shares in the company, valued at approximately $11,912,390. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,255 shares of company stock worth $3,692,880 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Marvell Technology Price Performance

Shares of MRVL traded up $3.75 during trading hours on Wednesday, reaching $111.04. 12,334,799 shares of the stock traded hands, compared to its average volume of 13,035,921. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 52-week low of $53.19 and a 52-week high of $127.48. The company's 50-day moving average price is $113.93 and its two-hundred day moving average price is $91.10. The company has a market cap of $96.08 billion, a P/E ratio of -65.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.22%. The ex-dividend date was Friday, January 10th. Marvell Technology's payout ratio is currently -14.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Marvell Technology from $91.00 to $112.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. KeyCorp lifted their target price on shares of Marvell Technology from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Barclays lifted their target price on shares of Marvell Technology from $115.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Oppenheimer lifted their target price on shares of Marvell Technology from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, Susquehanna lifted their target price on shares of Marvell Technology from $110.00 to $125.00 and gave the stock a "positive" rating in a research report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Marvell Technology presently has an average rating of "Moderate Buy" and a consensus target price of $127.60.

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.