Great Valley Advisor Group Inc. Trims Stock Position in Marvell Technology, Inc. (NASDAQ:MRVL)

Great Valley Advisor Group Inc. decreased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 63.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,185 shares of the semiconductor company’s stock after selling 9,054 shares during the period. Great Valley Advisor Group Inc.’s holdings in Marvell Technology were worth $313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SJS Investment Consulting Inc. grew its position in Marvell Technology by 56.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 428 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 155 shares during the period. Blue Trust Inc. grew its holdings in shares of Marvell Technology by 23.4% during the 4th quarter. Blue Trust Inc. now owns 817 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 155 shares during the period. Versant Capital Management Inc increased its position in Marvell Technology by 34.7% during the 4th quarter. Versant Capital Management Inc now owns 625 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 161 shares in the last quarter. Oliver Lagore Vanvalin Investment Group raised its holdings in Marvell Technology by 46.2% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 522 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 165 shares during the period. Finally, New York Life Investment Management LLC lifted its position in Marvell Technology by 1.1% during the fourth quarter. New York Life Investment Management LLC now owns 15,862 shares of the semiconductor company’s stock valued at $957,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling

In related news, EVP Chris Koopmans sold 5,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $67.98, for a total transaction of $339,900.00. Following the completion of the transaction, the executive vice president now directly owns 119,117 shares in the company, valued at approximately $8,097,573.66. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Chris Koopmans sold 5,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $67.98, for a total transaction of $339,900.00. Following the completion of the transaction, the executive vice president now owns 119,117 shares of the company’s stock, valued at $8,097,573.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Casper sold 2,500 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $64.75, for a total transaction of $161,875.00. Following the transaction, the executive vice president now owns 21,266 shares of the company’s stock, valued at approximately $1,376,973.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,500 shares of company stock valued at $7,473,805. Insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MRVL shares. Roth Mkm reissued a “buy” rating and issued a $95.00 target price on shares of Marvell Technology in a research note on Friday, April 12th. Morgan Stanley raised their price objective on Marvell Technology from $63.00 to $84.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. KeyCorp decreased their target price on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. StockNews.com lowered Marvell Technology from a “hold” rating to a “sell” rating in a research report on Sunday, April 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Marvell Technology in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.13.

Marvell Technology Stock Performance

Marvell Technology stock opened at $69.82 on Tuesday. Marvell Technology, Inc. has a 12 month low of $39.23 and a 12 month high of $85.76. The company has a fifty day moving average price of $69.88 and a two-hundred day moving average price of $63.34. The company has a quick ratio of 1.21, a current ratio of 1.69 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, March 7th. The semiconductor company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. Marvell Technology had a negative net margin of 16.95% and a positive return on equity of 4.96%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. On average, equities analysts anticipate that Marvell Technology, Inc. will post 0.72 earnings per share for the current fiscal year.

Marvell Technology declared that its Board of Directors has initiated a share repurchase program on Thursday, March 7th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, April 12th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, April 11th. Marvell Technology’s payout ratio is -22.22%.

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.