Marvell Technology, Inc. (NASDAQ:MRVL) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 0.4% in the 4th quarter, Holdings Channel reports. The fund owned 325,534 shares of the semiconductor company’s stock after acquiring an additional 1,301 shares during the period. Asset Management One Co. Ltd.’s holdings in Marvell Technology were worth $36,987,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MRVL. Inspire Investing LLC grew its stake in shares of Marvell Technology by 5.6% during the third quarter. Inspire Investing LLC now owns 3,981 shares of the semiconductor company’s stock valued at $287,000 after acquiring an additional 210 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Marvell Technology by 125.4% in the third quarter. Exchange Traded Concepts LLC now owns 604 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 336 shares in the last quarter. Creative Planning grew its stake in Marvell Technology by 37.5% in the third quarter. Creative Planning now owns 103,740 shares of the semiconductor company’s stock worth $7,482,000 after purchasing an additional 28,286 shares in the last quarter. NBC Securities Inc. grew its stake in Marvell Technology by 20.5% in the third quarter. NBC Securities Inc. now owns 2,466 shares of the semiconductor company’s stock worth $177,000 after purchasing an additional 419 shares in the last quarter. Finally, Swedbank AB grew its stake in Marvell Technology by 1.0% in the third quarter. Swedbank AB now owns 2,357,695 shares of the semiconductor company’s stock worth $170,037,000 after purchasing an additional 23,680 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 transaction of $735,000.00. Following the sale, the executive vice president now owns 97,244 shares of the company’s stock, valued at $11,912,390. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Casper sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $113.00, for a total value of $282,500.00. Following the sale, the executive vice president now directly owns 24,706 shares in the company, valued at approximately $2,791,778. The trade was a 9.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,255 shares of company stock valued at $3,692,880 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Melius Research upgraded Marvell Technology to a “strong-buy” rating in a research note on Monday, January 27th. Loop Capital lifted their price target on Marvell Technology from $95.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Oppenheimer lifted their price target on Marvell Technology from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price target on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Bank of America lifted their target price on Marvell Technology from $108.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.60.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $106.51 on Friday. Marvell Technology, Inc. has a 12 month low of $53.19 and a 12 month high of $127.48. The stock has a market cap of $92.16 billion, a price-to-earnings ratio of -62.65, a PEG ratio of 1.77 and a beta of 1.40. The stock’s 50 day moving average price is $113.94 and its 200 day moving average price is $90.43. 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 company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.24 annualized dividend and a yield of 0.23%. Marvell Technology’s payout ratio is -14.12%.

Marvell Technology Company 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.