Y.D. More Investments Ltd Has $2.29 Million Stock Position in Marvell Technology, Inc. (NASDAQ:MRVL)

Y.D. More Investments Ltd lifted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 66.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,743 shares of the semiconductor company’s stock after buying an additional 8,300 shares during the quarter. Y.D. More Investments Ltd’s holdings in Marvell Technology were worth $2,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Jackson Wealth Management LLC bought a new stake in Marvell Technology in the fourth quarter valued at $489,000. Hager Investment Management Services LLC acquired a new position in Marvell Technology during the 4th quarter worth approximately $6,265,000. Stratos Wealth Partners LTD. boosted its holdings in Marvell Technology by 3.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 16,744 shares of the semiconductor company’s stock worth $1,849,000 after acquiring an additional 600 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Marvell Technology by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 13,893 shares of the semiconductor company’s stock valued at $1,534,000 after acquiring an additional 146 shares in the last quarter. Finally, Sargent Investment Group LLC acquired a new position in shares of Marvell Technology during the fourth quarter worth approximately $990,000. Institutional investors own 83.51% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of several research reports. Melius Research upgraded shares of Marvell Technology to a “strong-buy” rating in a report on Monday, January 27th. Melius started coverage on Marvell Technology in a research report on Monday, January 27th. They issued a “buy” rating and a $188.00 price target for the company. Cantor Fitzgerald upped their target price on shares of Marvell Technology from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Stifel Nicolaus raised their price target on shares of Marvell Technology from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Bank of America upped their price objective on shares of Marvell Technology from $108.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $127.60.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $109.69 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a fifty-two week low of $53.19 and a fifty-two week high of $127.48. The stock has a 50 day moving average price of $112.48 and a two-hundred day moving average price of $88.27.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.22%. Marvell Technology’s dividend payout ratio is currently -14.12%.

Insider Buying and Selling

In related news, EVP Mark Casper sold 2,500 shares of Marvell Technology stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $113.00, for a total transaction of $282,500.00. Following the sale, the executive vice president now directly owns 24,706 shares in the company, valued at $2,791,778. The trade was a 9.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Chris Koopmans sold 6,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $11,685,016.40. This represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,755 shares of company stock valued at $4,361,430 over the last ninety 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.