Marvell Technology, Inc. (NASDAQ:MRVL) Position Increased by Global Retirement Partners LLC

Global Retirement Partners LLC raised its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,496 shares of the semiconductor company’s stock after buying an additional 764 shares during the period. Global Retirement Partners LLC’s holdings in Marvell Technology were worth $718,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. ORG Partners LLC lifted its position in shares of 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 acquiring an additional 149 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $33,000. Financial Life Planners purchased a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $33,000. GHP Investment Advisors Inc. lifted its position in shares of Marvell Technology by 48.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 112 shares in the last quarter. Finally, True Wealth Design LLC lifted its position 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 valued at $25,000 after acquiring an additional 326 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $103.85 on Friday. Marvell Technology, Inc. has a 1 year low of $53.19 and a 1 year high of $127.48. The firm’s fifty day simple moving average is $113.59 and its 200 day simple moving average is $92.25. 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 firm has a market capitalization of $89.86 billion, a PE ratio of -61.09, a PEG ratio of 1.61 and a beta of 1.40.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were paid a $0.06 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.23%. Marvell Technology’s payout ratio is presently -14.12%.

Analyst Upgrades and Downgrades

MRVL has been the subject of several research analyst reports. Piper Sandler restated an “overweight” rating and issued a $120.00 price target (up previously from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 4th. Loop Capital upped their price target on shares of Marvell Technology from $95.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. UBS Group upped their price target on shares of Marvell Technology from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Barclays reiterated an “overweight” rating on shares of Marvell Technology in a research report on Friday, February 14th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.60.

Insider Activity at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 7,755 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Chris Koopmans sold 6,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $124.40, for a total transaction of $746,400.00. Following the completion of the sale, the executive vice president now owns 93,931 shares in the company, valued at $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. In the last three months, insiders have sold 36,255 shares of company stock worth $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.