Mn Services Vermogensbeheer B.V. Has $37.84 Million Stake in Marvell Technology, Inc. (NASDAQ:MRVL)

Mn Services Vermogensbeheer B.V. lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 342,632 shares of the semiconductor company’s stock after purchasing an additional 9,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Marvell Technology were worth $37,844,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Centricity Wealth Management LLC acquired a new stake in Marvell Technology during the fourth quarter worth approximately $26,000. ORG Partners LLC lifted its holdings in shares of Marvell Technology by 175.3% during the fourth quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 149 shares during the period. Kieckhefer Group LLC acquired a new position in Marvell Technology during the 4th quarter worth about $33,000. Financial Life Planners bought a new stake in Marvell Technology during the fourth quarter valued at $33,000. Finally, GHP Investment Advisors Inc. grew its holdings in Marvell Technology by 48.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 344 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 112 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Up 2.0 %

Shares of Marvell Technology stock opened at $94.90 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60. The stock has a market capitalization of $82.12 billion, a PE ratio of -55.82, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The company has a 50-day simple moving average of $112.46 and a two-hundred day simple moving average of $93.00. Marvell Technology, Inc. has a 52-week low of $53.19 and a 52-week high of $127.48.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.25%. Marvell Technology’s dividend payout ratio is currently -14.12%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MRVL. Morgan Stanley reissued an “equal weight” rating on shares of Marvell Technology in a research report on Friday, February 14th. Citigroup upped their price objective on Marvell Technology from $91.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on Marvell Technology from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Oppenheimer upped their target price on shares of Marvell Technology from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, B. Riley upped their price objective on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research note 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 data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $127.60.

Insider Buying and Selling

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction on Monday, December 16th. The shares were sold at an average price of $122.50, for a total value of $183,750.00. Following the completion of the transaction, the chief financial officer now directly owns 112,711 shares of the company’s stock, valued at $13,807,097.50. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Chris Koopmans sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $122.50, for a total value of $735,000.00. Following the sale, the executive vice president now directly owns 97,244 shares in the company, valued at $11,912,390. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,255 shares of company stock valued at $4,330,980. 0.33% of the stock is owned by 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.