Marvell Technology, Inc. (NASDAQ:MRVL) Stock Holdings Lessened by M.D. Sass LLC

M.D. Sass LLC reduced its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 43.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 599,096 shares of the semiconductor company’s stock after selling 460,485 shares during the quarter. Marvell Technology makes up 5.0% of M.D. Sass LLC’s investment portfolio, making the stock its 4th largest holding. M.D. Sass LLC owned 0.07% of Marvell Technology worth $66,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of MRVL. True Wealth Design LLC boosted its stake in shares of Marvell Technology by 1,481.8% in the 3rd quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company’s stock worth $25,000 after buying an additional 326 shares during the last quarter. ORG Partners LLC lifted its holdings in 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 acquiring an additional 149 shares during the period. Centricity Wealth Management LLC purchased a new position in Marvell Technology in the fourth quarter worth $26,000. Rialto Wealth Management LLC bought a new position in Marvell Technology in the 4th quarter valued at $27,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Marvell Technology during the 4th quarter valued at $33,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Price Performance

MRVL stock opened at $72.76 on Tuesday. The firm has a 50 day simple moving average of $98.21 and a two-hundred day simple moving average of $93.87. The stock has a market cap of $63.01 billion, a PE ratio of -42.80, a P/E/G ratio of 1.61 and a beta of 1.42. Marvell Technology, Inc. has a one year low of $53.19 and a one year high of $127.48. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.24 annualized dividend and a yield of 0.33%. Marvell Technology’s dividend payout ratio (DPR) is presently -23.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MRVL shares. William Blair upgraded shares of Marvell Technology to a “strong-buy” rating in a research report on Wednesday, February 5th. Loop Capital upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Thursday, March 6th. Piper Sandler dropped their price objective on Marvell Technology from $120.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. UBS Group increased their price objective on Marvell Technology from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Roth Capital set a $100.00 target price on Marvell Technology in a research note on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.44.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 7,755 shares of Marvell Technology stock in a transaction on Friday, January 17th. The shares were sold at an average price of $123.08, for a total value of $954,485.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Chris Koopmans sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $124.40, for a total value of $746,400.00. Following the transaction, the executive vice president now directly owns 93,931 shares in the company, valued at $11,685,016.40. This trade represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,685 shares of company stock valued at $4,026,768 over the last 90 days. 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.