2,750 Shares in Marvell Technology, Inc. (NASDAQ:MRVL) Acquired by Compound Global Advisors LLC

Compound Global Advisors LLC acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the fourth quarter, Holdings Channel reports. The firm acquired 2,750 shares of the semiconductor company’s stock, valued at approximately $304,000.

Other hedge funds have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new position in shares of Marvell Technology in the 4th quarter worth about $337,000. Essex Financial Services Inc. increased its stake in Marvell Technology by 17.3% during the 4th quarter. Essex Financial Services Inc. now owns 4,345 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 642 shares in the last quarter. Principle Wealth Partners LLC purchased a new position in Marvell Technology in the fourth quarter worth about $225,000. Savant Capital LLC lifted its stake in shares of Marvell Technology by 7.7% in the fourth quarter. Savant Capital LLC now owns 13,430 shares of the semiconductor company’s stock worth $1,483,000 after buying an additional 959 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Marvell Technology by 22.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,440 shares of the semiconductor company’s stock valued at $269,000 after acquiring an additional 440 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $89.14, for a total value of $133,710.00. Following the transaction, the chief financial officer now owns 114,211 shares of the company’s stock, valued at approximately $10,180,768.54. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Chris Koopmans sold 6,000 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $124.40, for a total transaction of $746,400.00. Following the transaction, the executive vice president now owns 93,931 shares of the company’s stock, valued at approximately $11,685,016.40. This represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,755 shares of company stock valued at $4,361,430 over the last ninety days. 0.33% of the stock is currently owned by company insiders.

Marvell Technology Price Performance

MRVL opened at $112.80 on Tuesday. The company has a 50 day simple moving average of $114.26 and a two-hundred day simple moving average of $89.63. 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 1-year low of $53.19 and a 1-year high of $127.48.

Marvell Technology Dividend Announcement

The firm 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. The ex-dividend date was Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.21%. Marvell Technology’s payout ratio is presently -14.12%.

Analyst Ratings Changes

MRVL has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group increased their price objective on Marvell Technology from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Loop Capital boosted their target price on Marvell Technology from $95.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Wells Fargo & Company upped their target price on shares of Marvell Technology from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, TD Cowen lifted their price target on shares of Marvell Technology from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.