Csenge Advisory Group Has $430,000 Stock Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Csenge Advisory Group grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,893 shares of the semiconductor company’s stock after acquiring an additional 535 shares during the quarter. Csenge Advisory Group’s holdings in Marvell Technology were worth $430,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC boosted its holdings in Marvell Technology by 1,481.8% during the third quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 326 shares during the last quarter. ORG Partners LLC increased its stake in Marvell Technology by 175.3% in 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 during the last quarter. Kieckhefer Group LLC bought a new stake in Marvell Technology during the 4th quarter worth about $33,000. Financial Life Planners acquired a new position in shares of Marvell Technology during the 4th quarter worth about $33,000. Finally, Whittier Trust Co. boosted its stake in shares of Marvell Technology by 74.5% during the 3rd quarter. Whittier Trust Co. now owns 492 shares of the semiconductor company’s stock worth $35,000 after buying an additional 210 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 7,755 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $123.08, for a total transaction of $954,485.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Chris Koopmans sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $124.40, for a total transaction of $746,400.00. Following the transaction, the executive vice president now owns 93,931 shares of the company’s stock, valued at approximately $11,685,016.40. This represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,255 shares of company stock valued at $3,692,880 over the last quarter. 0.33% of the stock is owned by corporate insiders.

Marvell Technology Trading Up 0.7 %

Shares of MRVL stock opened at $107.29 on Wednesday. The stock has a market cap of $92.84 billion, a P/E ratio of -63.11, a price-to-earnings-growth ratio of 1.77 and a beta of 1.40. Marvell Technology, Inc. has a 1 year low of $53.19 and a 1 year high of $127.48. 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 50 day simple moving average of $113.93 and a 200 day simple moving average of $91.10.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Friday, January 10th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, January 10th. Marvell Technology’s dividend payout ratio (DPR) is currently -14.12%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MRVL shares. Melius Research upgraded Marvell Technology to a “strong-buy” rating in a report on Monday, January 27th. Craig Hallum upped their price objective on Marvell Technology from $132.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Stifel Nicolaus raised their target price on shares of Marvell Technology from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Wells Fargo & Company upped their price target on shares of Marvell Technology from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Susquehanna lifted their price objective on shares of Marvell Technology from $110.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $127.60.

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.