Sunflower Bank N.A. Has $332,000 Stock Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Sunflower Bank N.A. lifted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,003 shares of the semiconductor company’s stock after buying an additional 138 shares during the period. Sunflower Bank N.A.’s holdings in Marvell Technology were worth $332,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. ORG Partners LLC raised its position in shares of Marvell Technology by 175.3% in the 4th quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 149 shares in the last quarter. Kieckhefer Group LLC bought a new position in Marvell Technology in the fourth quarter valued at approximately $33,000. True Wealth Design LLC raised its position in Marvell Technology by 1,481.8% during the third quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 326 shares in the last quarter. Quarry LP bought a new stake in Marvell Technology during the second quarter worth $32,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Marvell Technology during the second quarter worth $32,000. Institutional investors own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

MRVL has been the subject of a number of research analyst reports. Susquehanna boosted their price target on Marvell Technology from $110.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, December 4th. Citigroup increased their target price on shares of Marvell Technology from $91.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Oppenheimer lifted their price target on shares of Marvell Technology from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Marvell Technology from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Morgan Stanley raised their target price on shares of Marvell Technology from $102.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.68.

Insider Buying and Selling

In other news, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.50, for a total transaction of $120,750.00. Following the transaction, the chief financial officer now owns 110,253 shares of the company’s stock, valued at $8,875,366.50. This represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael G. Strachan sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $122.65, for a total value of $613,250.00. Following the completion of the sale, the director now owns 30,959 shares of the company’s stock, valued at approximately $3,797,121.35. This represents a 13.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,000 shares of company stock valued at $15,163,420 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Marvell Technology Trading Up 0.7 %

MRVL stock traded up $0.83 during midday trading on Monday, hitting $115.15. The stock had a trading volume of 9,596,626 shares, compared to its average volume of 10,792,062. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a market cap of $99.64 billion, a P/E ratio of -67.73, a price-to-earnings-growth ratio of 4.03 and a beta of 1.41. The business has a fifty day moving average price of $103.93 and a two-hundred day moving average price of $82.98. Marvell Technology, Inc. has a 1-year low of $53.19 and a 1-year high of $126.15.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Friday, January 10th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, January 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.21%. Marvell Technology’s payout ratio is -14.12%.

About Marvell Technology

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.