Sivia Capital Partners LLC Makes New Investment in Marvell Technology, Inc. (NASDAQ:MRVL)

Sivia Capital Partners LLC bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,866 shares of the semiconductor company’s stock, valued at approximately $206,000.

Several other institutional investors also recently bought and sold shares of the company. Cooper Financial Group acquired a new position in shares of Marvell Technology during the fourth quarter valued at about $321,000. Kieckhefer Group LLC acquired a new stake in shares of Marvell Technology during the fourth quarter worth $33,000. Capital Investment Advisors LLC purchased a new stake in shares of Marvell Technology during the fourth quarter valued at $250,000. Brookstone Capital Management raised its stake in Marvell Technology by 16.0% in the 4th quarter. Brookstone Capital Management now owns 3,473 shares of the semiconductor company’s stock worth $384,000 after acquiring an additional 478 shares during the last quarter. Finally, Graypoint LLC lifted its position in Marvell Technology by 28.6% during the 4th quarter. Graypoint LLC now owns 4,018 shares of the semiconductor company’s stock worth $444,000 after acquiring an additional 894 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Price Performance

NASDAQ MRVL traded up $0.51 during mid-day trading on Monday, hitting $114.83. The stock had a trading volume of 6,599,017 shares, compared to its average volume of 10,335,066. Marvell Technology, Inc. has a twelve month low of $53.19 and a twelve month high of $126.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11. The firm’s 50 day moving average is $103.93 and its 200 day moving average is $82.98. The stock has a market capitalization of $99.36 billion, a price-to-earnings ratio of -67.55, a PEG ratio of 4.03 and a beta of 1.41.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be given a $0.06 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.21%. Marvell Technology’s dividend payout ratio (DPR) is presently -14.12%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MRVL. Craig Hallum raised their price objective on Marvell Technology from $132.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Piper Sandler restated an “overweight” rating and set a $120.00 price objective (up from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 4th. Citigroup increased their price objective on shares of Marvell Technology from $91.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. B. Riley boosted their target price on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus increased their price target on Marvell Technology from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.68.

Insider Activity at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.50, for a total transaction of $120,750.00. Following the sale, the chief financial officer now owns 110,253 shares of the company’s stock, valued at approximately $8,875,366.50. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Muhammad Raghib Hussain sold 150,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.50, for a total value of $12,075,000.00. Following the sale, the insider now directly owns 694,487 shares of the company’s stock, valued at approximately $55,906,203.50. This trade represents a 17.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,000 shares of company stock valued at $15,163,420. 0.33% of the stock is currently owned by insiders.

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.