Marvell Technology, Inc. (NASDAQ:MRVL) Shares Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 405.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 513,519 shares of the semiconductor company’s stock after buying an additional 411,952 shares during the quarter. Westwood Holdings Group Inc. owned about 0.06% of Marvell Technology worth $56,718,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Centricity Wealth Management LLC bought a new position in Marvell Technology during the fourth quarter worth $26,000. Rialto Wealth Management LLC acquired a new stake in shares of Marvell Technology during the fourth quarter worth $27,000. Financial Life Planners bought a new position in shares of Marvell Technology in the 4th quarter worth about $33,000. Lee Danner & Bass Inc. acquired a new position in shares of Marvell Technology in the 4th quarter valued at about $35,000. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of Marvell Technology by 48.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 112 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Trading Down 2.2%

Shares of MRVL opened at $63.76 on Monday. The business’s 50-day moving average price is $60.36 and its 200 day moving average price is $88.78. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $55.08 billion, a P/E ratio of -37.51, a P/E/G ratio of 1.61 and a beta of 1.83. Marvell Technology, Inc. has a 1-year low of $47.09 and a 1-year high of $127.48.

Marvell Technology Dividend Announcement

The firm 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 0.38%. Marvell Technology’s payout ratio is currently -23.53%.

Insider Transactions at Marvell Technology

In related news, COO Chris Koopmans sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.35, for a total transaction 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. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brad W. Buss bought 3,000 shares of the stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of $69.00 per share, for a total transaction of $207,000.00. Following the completion of the transaction, the director now directly owns 87,113 shares of the company’s stock, valued at approximately $6,010,797. The trade was a 3.57% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 38,915 shares of company stock valued at $2,679,800 over the last quarter. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MRVL. Citigroup cut their target price on shares of Marvell Technology from $122.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Roth Capital set a $100.00 price target on Marvell Technology in a report on Thursday, March 6th. Wells Fargo & Company restated an “overweight” rating on shares of Marvell Technology in a research report on Thursday, March 6th. Raymond James set a $110.00 target price on Marvell Technology in a research report on Thursday, March 6th. Finally, Needham & Company LLC reduced their price target on shares of Marvell Technology from $120.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $111.27.

Marvell Technology 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.