1 week Ago By ABMN Staff
Franchise Capital Ltd acquired a new stake in Marvell Technology, Inc. ( NASDAQ:MRVL – Free Report ) during the 4th quarter, Holdings Channel reports. The fund acquired 13,368 shares of the semiconductor company’s stock, valued at approximately $1,476,000.
Marvell Technology makes up approximately 0.7% of Franchise Capital Ltd’s portfolio, making the stock its 16th biggest holding. Other hedge funds and other institutional investors have also recently bought and sold shares of the company.
True Wealth Design LLC increased its holdings 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 buying an additional 326 shares in the last quarter.
Strategic Investment Solutions Inc. IL bought a new stake in Marvell Technology during the 2nd quarter worth $32,000. Quarry LP bought a new stake in Marvell Technology during the 2nd quarter worth $32,000.
Whittier Trust Co. increased its holdings in Marvell Technology by 74.5% in 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 in the last quarter. Finally, Goodman Advisory Group LLC acquired a new stake in shares of Marvell Technology during the third quarter valued at about $37,000.
Institutional investors own 83.51% of the company’s stock. Analyst Upgrades and Downgrades MRVL has been the subject of several recent research reports.
Rosenblatt Securities upped their price objective on Marvell Technology from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th.
JPMorgan Chase & Co. lifted their price target on shares of Marvell Technology from $90.00 to $130.
00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Oppenheimer boosted their price objective on shares of Marvell Technology from $110.00 to $125.
00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Citigroup raised their target price on Marvell Technology from $91.00 to $112.
00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, B. Riley increased their price target on Marvell Technology from $105.
00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $119.76.
Marvell Technology Stock Up 2.8 % MRVL stock opened at $113.56 on Friday.
The stock’s 50 day simple moving average is $99.80 and its 200 day simple moving average is $80.88.
The company has a market cap of $98.26 billion, a P/E ratio of -66.80, a price-to-earnings-growth ratio of 4.
03 and a beta of 1.46. The company has a debt-to-equity ratio of 0.
30, a quick ratio of 1.11 and a current ratio of 1.60.
Marvell Technology, Inc. has a fifty-two week low of $53.19 and a fifty-two week high of $126.
15. Marvell Technology Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Friday, January 10th will be issued a $0.
06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.
21%. The ex-dividend date is Friday, January 10th. Marvell Technology’s dividend payout ratio is currently -14.
12%. Insider Activity at Marvell Technology In related news, CEO Matthew J. Murphy purchased 13,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th.
The stock was acquired at an average price of $77.63 per share, for a total transaction of $1,009,190.00.
Following the completion of the acquisition, the chief executive officer now owns 221,915 shares of the company’s stock, valued at $17,227,261.45. This represents a 6.
22 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CFO Willem A.
Meintjes sold 1,500 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.50, for a total value of $120,750.
00. Following the transaction, the chief financial officer now owns 110,253 shares in the company, valued at approximately $8,875,366.50.
This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last 90 days, insiders sold 172,500 shares of company stock valued at $14,267,670. 0.33% of the stock is owned by company insiders.
Marvell Technology Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Marvell Technology, Inc. ( NASDAQ:MRVL – Free Report ). Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.
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