WD Rutherford LLC Buys 6,892 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

WD Rutherford LLC raised its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 37.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,158 shares of the semiconductor company's stock after purchasing an additional 6,892 shares during the quarter. WD Rutherford LLC's holdings in Marvell Technology were worth $2,779,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC increased its stake in shares of Marvell Technology by 1,481.8% in the third quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company's stock valued at $25,000 after buying an additional 326 shares during the period. ORG Partners LLC grew its stake in 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 purchasing an additional 149 shares during the period. Kieckhefer Group LLC acquired a new stake in Marvell Technology during the fourth quarter worth approximately $33,000. Financial Life Planners acquired a new stake in Marvell Technology during the fourth quarter worth approximately $33,000. Finally, Whittier Trust Co. grew its stake in Marvell Technology by 74.5% during the third 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 period. 83.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $122.50, for a total transaction of $183,750.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Chris Koopmans sold 6,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $122.50, for a total value of $735,000.00. Following the transaction, the executive vice president now directly owns 97,244 shares of the company's stock, valued at $11,912,390. The trade was a 5.81 % decrease in their position. 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 90 days. Insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup raised their price objective on Marvell Technology from $91.00 to $112.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Cantor Fitzgerald raised their target price on Marvell Technology from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on Marvell Technology from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Morgan Stanley dropped their price target on Marvell Technology from $120.00 to $113.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised their target price on Marvell Technology from $90.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and an average price target of $127.60.

Marvell Technology Price Performance

Marvell Technology stock traded up $3.75 during midday trading on Wednesday, hitting $111.04. 13,231,932 shares of the company's stock were exchanged, compared to its average volume of 13,064,065. Marvell Technology, Inc. has a 52-week low of $53.19 and a 52-week high of $127.48. The stock has a 50-day moving average price of $113.93 and a two-hundred day moving average price of $91.57. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60. The company has a market cap of $96.08 billion, a P/E ratio of -65.32, a PEG ratio of 1.58 and a beta of 1.40.

Marvell Technology Dividend Announcement

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

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.