Nilsine Partners LLC Acquires 897 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Nilsine Partners LLC boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 31.1% during the 4th quarter, Holdings Channel reports. The firm owned 3,782 shares of the semiconductor company’s stock after buying an additional 897 shares during the period. Nilsine Partners LLC’s holdings in Marvell Technology were worth $418,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. ORG Partners LLC raised its position in shares of Marvell Technology by 175.3% during the fourth quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 149 shares during the last quarter. Kieckhefer Group LLC purchased a new position in Marvell Technology during the fourth quarter valued at $33,000. True Wealth Design LLC increased its holdings in Marvell Technology by 1,481.8% in the 3rd quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 326 shares during the last quarter. Quarry LP purchased a new stake in Marvell Technology in the 2nd quarter worth $32,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Marvell Technology during the 2nd quarter valued at about $32,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Trading Up 2.8 %

MRVL stock opened at $106.79 on Thursday. Marvell Technology, Inc. has a 12 month low of $53.19 and a 12 month high of $127.48. The firm’s 50-day moving average is $110.97 and its 200 day moving average is $86.99. The company has a market capitalization of $92.41 billion, a PE ratio of -62.82, a P/E/G ratio of 4.12 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, January 10th. Marvell Technology’s dividend payout ratio (DPR) is presently -14.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MRVL shares. The Goldman Sachs Group lifted their target price on Marvell Technology from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, January 10th. StockNews.com raised Marvell Technology from a “sell” rating to a “hold” rating in a report on Thursday, January 9th. Citigroup increased their target price on Marvell Technology from $91.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. TD Cowen boosted their price target on shares of Marvell Technology from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, UBS Group increased their price objective on shares of Marvell Technology from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average target price of $127.60.

Insider Activity

In related news, CFO Willem A. Meintjes sold 1,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $89.14, for a total value of $133,710.00. Following the completion of the sale, the chief financial officer now directly owns 114,211 shares of the company’s stock, valued at $10,180,768.54. This represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Casper sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $113.00, for a total transaction of $282,500.00. Following the transaction, the executive vice president now directly owns 24,706 shares in the company, valued at $2,791,778. This trade represents a 9.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,755 shares of company stock valued at $4,361,430. Corporate insiders own 0.33% of the company’s stock.

Marvell Technology Company 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.