Dynasty Wealth Management LLC Makes New $528,000 Investment in Marvell Technology, Inc. (NASDAQ:MRVL)

Dynasty Wealth Management LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,446 shares of the semiconductor company’s stock, valued at approximately $528,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC grew its holdings in Marvell Technology by 56.4% during the 1st quarter. Bruce G. Allen Investments LLC now owns 391 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 141 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Marvell Technology during the 1st quarter worth $31,000. Optimum Investment Advisors acquired a new stake in Marvell Technology during the 1st quarter worth $35,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Marvell Technology during the 1st quarter worth $35,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in Marvell Technology by 46.2% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 522 shares of the semiconductor company’s stock worth $31,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling

In other Marvell Technology news, EVP Chris Koopmans sold 5,000 shares of Marvell Technology stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $68.57, for a total value of $342,850.00. Following the completion of the transaction, the executive vice president now owns 119,719 shares of the company’s stock, valued at $8,209,131.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Marvell Technology news, EVP Chris Koopmans sold 5,000 shares of Marvell Technology stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $68.57, for a total value of $342,850.00. Following the completion of the transaction, the executive vice president now owns 119,719 shares of the company’s stock, valued at $8,209,131.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction on Monday, July 15th. The stock was sold at an average price of $73.88, for a total transaction of $110,820.00. Following the completion of the transaction, the chief financial officer now directly owns 109,318 shares of the company’s stock, valued at approximately $8,076,413.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,000 shares of company stock worth $7,190,745. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MRVL shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $85.00 price target on shares of Marvell Technology in a report on Friday, May 31st. StockNews.com cut shares of Marvell Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. B. Riley increased their price objective on shares of Marvell Technology from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, May 31st. KeyCorp increased their price objective on shares of Marvell Technology from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Finally, Barclays raised their price target on shares of Marvell Technology from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $85.50.

Marvell Technology Stock Up 5.2 %

Shares of MRVL traded up $3.25 during mid-day trading on Wednesday, reaching $66.05. 5,357,386 shares of the stock traded hands, compared to its average volume of 12,531,103. The firm has a market cap of $57.17 billion, a price-to-earnings ratio of -58.21, a P/E/G ratio of 3.06 and a beta of 1.47. The stock has a fifty day simple moving average of $70.94 and a 200 day simple moving average of $69.92. Marvell Technology, Inc. has a 12-month low of $46.07 and a 12-month high of $85.76. The company has a quick ratio of 1.24, a current ratio of 1.80 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, May 30th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. Marvell Technology had a negative net margin of 18.33% and a positive return on equity of 4.51%. The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share. Sell-side analysts expect that Marvell Technology, Inc. will post 0.75 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 12th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.36%. Marvell Technology’s dividend payout ratio (DPR) is presently -21.24%.

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.