Marvell Technology, Inc. (NASDAQ:MRVL) Stock Holdings Lifted by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 46.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 522 shares of the semiconductor company’s stock after buying an additional 165 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Marvell Technology were worth $31,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MRVL. Quilter Plc purchased a new position in Marvell Technology during the 1st quarter worth approximately $248,250,000. SRS Capital Advisors Inc. grew its position in Marvell Technology by 216.2% during the 2nd quarter. SRS Capital Advisors Inc. now owns 411 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 281 shares in the last quarter. SJS Investment Consulting Inc. grew its position in Marvell Technology by 56.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 428 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 155 shares in the last quarter. Buck Wealth Strategies LLC grew its position in Marvell Technology by 1,328.1% during the 3rd quarter. Buck Wealth Strategies LLC now owns 457 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 425 shares in the last quarter. Finally, BluePath Capital Management LLC purchased a new position in Marvell Technology during the 3rd quarter worth approximately $31,000. Institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $68.20, for a total transaction of $68,200.00. Following the sale, the chief financial officer now directly owns 103,986 shares of the company’s stock, valued at $7,091,845.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Marvell Technology news, CFO Willem A. Meintjes sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $68.20, for a total transaction of $68,200.00. Following the sale, the chief financial officer now directly owns 103,986 shares of the company’s stock, valued at $7,091,845.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew J. Murphy sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $67.67, for a total transaction of $2,030,100.00. Following the sale, the chief executive officer now directly owns 762,929 shares in the company, valued at $51,627,405.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,000 shares of company stock valued at $7,315,640. 0.45% of the stock is currently owned by insiders.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $65.24 on Friday. Marvell Technology, Inc. has a 12-month low of $36.90 and a 12-month high of $85.76. The company has a quick ratio of 1.21, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $56.50 billion, a PE ratio of -60.41, a price-to-earnings-growth ratio of 4.86 and a beta of 1.50. The firm has a 50-day moving average price of $70.25 and a 200 day moving average price of $62.15.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, March 7th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. Research analysts anticipate that Marvell Technology, Inc. will post 0.72 earnings per share for the current fiscal year.

Marvell Technology announced that its board has approved a stock buyback plan on Thursday, March 7th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 12th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, April 11th. This represents a $0.24 annualized dividend and a yield of 0.37%. Marvell Technology’s dividend payout ratio is -22.22%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Morgan Stanley lifted their price objective on shares of Marvell Technology from $63.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Oppenheimer reiterated an “outperform” rating and set a $80.00 price objective (up from $70.00) on shares of Marvell Technology in a research report on Thursday, February 29th. StockNews.com cut shares of Marvell Technology from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Citigroup restated a “buy” rating and set a $91.00 price target on shares of Marvell Technology in a report on Wednesday, March 27th. Finally, Barclays upped their price objective on shares of Marvell Technology from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.13.

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.