Pathstone Holdings LLC Has $14.63 Million Stock Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Pathstone Holdings LLC raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,354 shares of the semiconductor company’s stock after acquiring an additional 1,586 shares during the period. Pathstone Holdings LLC’s holdings in Marvell Technology were worth $14,625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brookstone Capital Management raised its holdings in shares of Marvell Technology by 16.0% during the 4th quarter. Brookstone Capital Management now owns 3,473 shares of the semiconductor company’s stock worth $384,000 after buying an additional 478 shares in the last quarter. Capital Investment Advisors LLC acquired a new position in shares of Marvell Technology during the 4th quarter worth $250,000. Cooper Financial Group acquired a new position in shares of Marvell Technology during the 4th quarter worth $321,000. Courier Capital LLC acquired a new position in shares of Marvell Technology during the 4th quarter worth $221,000. Finally, Accurate Wealth Management LLC acquired a new position in shares of Marvell Technology during the 4th quarter worth $280,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Mark Casper sold 12,460 shares of Marvell Technology stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $685,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Chris Koopmans sold 6,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.35, for a total value of $638,100.00. Following the transaction, the chief operating officer now owns 87,931 shares of the company’s stock, valued at approximately $9,351,461.85. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,176 shares of company stock worth $2,111,528 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology Trading Up 0.6%

NASDAQ MRVL opened at $65.90 on Thursday. 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, Inc. has a one year low of $47.09 and a one year high of $127.48. The business has a 50 day simple moving average of $60.44 and a 200 day simple moving average of $88.95. The stock has a market capitalization of $56.93 billion, a P/E ratio of -38.76, a P/E/G ratio of 1.61 and a beta of 1.83.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Friday, April 11th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.36%. Marvell Technology’s dividend payout ratio is presently -23.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $140.00 price objective on shares of Marvell Technology in a research report on Thursday, March 6th. Morgan Stanley reduced their price objective on Marvell Technology from $113.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Melius Research upgraded Marvell Technology to a “strong-buy” rating in a research report on Monday, January 27th. Stifel Nicolaus reduced their price objective on Marvell Technology from $115.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Benchmark reduced their price objective on Marvell Technology from $135.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.27.

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.