Marvell Technology, Inc. (NASDAQ:MRVL) Shares Acquired by Tyler Stone Wealth Management

Tyler Stone Wealth Management increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,205 shares of the semiconductor company’s stock after buying an additional 568 shares during the period. Tyler Stone Wealth Management’s holdings in Marvell Technology were worth $464,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. True Wealth Design LLC increased 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 worth $25,000 after purchasing an additional 326 shares during the last quarter. ORG Partners LLC increased its holdings in Marvell Technology by 175.3% in the fourth quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 149 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in Marvell Technology during the fourth quarter valued at approximately $26,000. Rialto Wealth Management LLC acquired a new stake in Marvell Technology during the fourth quarter valued at approximately $27,000. Finally, Kieckhefer Group LLC bought a new position in Marvell Technology during the 4th quarter worth approximately $33,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marvell Technology

In other Marvell Technology news, CAO Panteha Dixon sold 1,430 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $68.75, for a total value of $98,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 31,100 shares in the company, valued at $2,138,125. This trade represents a 4.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Casper sold 7,755 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $123.08, for a total transaction of $954,485.40. The disclosure for this sale can be found here. Insiders sold 37,685 shares of company stock worth $4,026,768 in the last quarter. 0.33% of the stock is owned by company insiders.

Marvell Technology Price Performance

NASDAQ MRVL opened at $66.76 on Thursday. The stock has a market capitalization of $57.82 billion, a P/E ratio of -39.27, a P/E/G ratio of 1.61 and a beta of 1.42. 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 business’s fifty day moving average is $96.36 and its two-hundred day moving average is $93.72. Marvell Technology, Inc. has a 1 year low of $53.19 and a 1 year high of $127.48.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Friday, April 11th. Marvell Technology’s dividend payout ratio is -23.53%.

Analysts Set New Price Targets

MRVL has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating and issued a $135.00 price target on shares of Marvell Technology in a report on Thursday, March 6th. Barclays dropped their target price on shares of Marvell Technology from $150.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Susquehanna lifted their price target on shares of Marvell Technology from $110.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. increased their price objective on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Evercore ISI lifted their target price on Marvell Technology from $98.00 to $122.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $120.44.

About Marvell Technology

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.