Green Alpha Advisors LLC Sells 794 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Green Alpha Advisors LLC cut its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,465 shares of the semiconductor company’s stock after selling 794 shares during the quarter. Green Alpha Advisors LLC’s holdings in Marvell Technology were worth $1,045,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Graypoint LLC grew its holdings in Marvell Technology by 28.6% in the fourth quarter. Graypoint LLC now owns 4,018 shares of the semiconductor company’s stock worth $444,000 after purchasing an additional 894 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Marvell Technology by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,920 shares of the semiconductor company’s stock worth $1,096,000 after purchasing an additional 242 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Marvell Technology by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 49,974 shares of the semiconductor company’s stock worth $5,520,000 after buying an additional 629 shares during the last quarter. ORG Partners LLC increased its position in Marvell Technology by 175.3% during the 4th quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 149 shares in the last quarter. Finally, Michael S. Ryan Inc. purchased a new position in Marvell Technology during the fourth quarter valued at $274,000. 83.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MRVL shares. Evercore ISI increased their target price on Marvell Technology from $98.00 to $122.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. KeyCorp increased their price target on shares of Marvell Technology from $95.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price objective on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Craig Hallum increased their target price on Marvell Technology from $132.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Susquehanna boosted their price target on Marvell Technology from $110.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.28.

Marvell Technology Stock Down 3.3 %

NASDAQ MRVL opened at $114.32 on Monday. Marvell Technology, Inc. has a 52 week low of $53.19 and a 52 week high of $126.15. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $98.92 billion, a P/E ratio of -67.25, a price-to-earnings-growth ratio of 4.03 and a beta of 1.41. The stock’s 50-day moving average price is $103.93 and its 200-day moving average price is $82.88.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders 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 payout ratio is currently -14.12%.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.50, for a total transaction of $120,750.00. Following the sale, the chief financial officer now directly owns 110,253 shares of the company’s stock, valued at $8,875,366.50. This trade represents a 1.34 % 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, insider Muhammad Raghib Hussain sold 150,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.50, for a total value of $12,075,000.00. Following the completion of the transaction, the insider now owns 694,487 shares in the company, valued at $55,906,203.50. The trade was a 17.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,000 shares of company stock valued at $15,163,420 over the last three months. 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.