Mount Yale Investment Advisors LLC Has $848,000 Stock Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Mount Yale Investment Advisors LLC cut its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 20.2% during the 1st quarter, Holdings Channel reports. The firm owned 11,959 shares of the semiconductor company’s stock after selling 3,023 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Marvell Technology were worth $848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MRVL. Bruce G. Allen Investments LLC grew its stake in Marvell Technology by 56.4% in the 1st quarter. Bruce G. Allen Investments LLC now owns 391 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 141 shares during the last quarter. Oliver Lagore Vanvalin Investment Group grew its stake in Marvell Technology by 46.2% in the 4th 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 last quarter. Salomon & Ludwin LLC acquired a new position in Marvell Technology in the 1st quarter valued at about $31,000. Optimum Investment Advisors acquired a new position in Marvell Technology in the 1st quarter valued at about $35,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in Marvell Technology in the 1st quarter valued at about $35,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Price Performance

Shares of Marvell Technology stock traded up $0.05 on Tuesday, reaching $64.53. 471,333 shares of the stock were exchanged, compared to its average volume of 12,510,561. The firm’s 50 day moving average is $71.15 and its 200-day moving average is $69.94. Marvell Technology, Inc. has a one year low of $46.07 and a one year high of $85.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.24 and a current ratio of 1.80. The firm has a market cap of $55.86 billion, a PE ratio of -57.06, a P/E/G ratio of 3.11 and a beta of 1.47.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, May 30th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Marvell Technology had a negative net margin of 18.33% and a positive return on equity of 4.51%. The firm’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, analysts anticipate that Marvell Technology, Inc. will post 0.75 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Friday, July 12th. Marvell Technology’s dividend payout ratio (DPR) is presently -21.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MRVL. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Marvell Technology in a research note on Friday, May 31st. StockNews.com lowered shares of Marvell Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Morgan Stanley upped their price target on shares of Marvell Technology from $71.00 to $77.00 and gave the company an “equal weight” rating in a research note on Friday, May 31st. B. Riley boosted their price objective on shares of Marvell Technology from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday, May 31st. Finally, Evercore ISI boosted their price objective on shares of Marvell Technology from $88.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.50.

Insider Transactions at Marvell Technology

In other news, insider Muhammad Raghib Hussain sold 50,000 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $75.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the insider now directly owns 838,571 shares in the company, valued at $62,892,825. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Marvell Technology news, CFO Willem A. Meintjes sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $64.49, for a total value of $64,490.00. Following the completion of the sale, the chief financial officer now directly owns 110,218 shares in the company, valued at $7,107,958.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Muhammad Raghib Hussain sold 50,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $75.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the insider now owns 838,571 shares of the company’s stock, valued at $62,892,825. The disclosure for this sale can be found here. Insiders sold a total of 100,000 shares of company stock worth $7,255,235 over the last three months. 0.33% of the stock is owned by company insiders.

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.