Colonial River Investments LLC Has $687,000 Stock Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Colonial River Investments LLC grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,217 shares of the semiconductor company’s stock after buying an additional 243 shares during the quarter. Colonial River Investments LLC’s holdings in Marvell Technology were worth $687,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MRVL. Swedbank AB raised its stake in shares of Marvell Technology by 1.0% in the 3rd quarter. Swedbank AB now owns 2,357,695 shares of the semiconductor company’s stock valued at $170,037,000 after buying an additional 23,680 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Marvell Technology by 7,142.2% in the 3rd quarter. International Assets Investment Management LLC now owns 239,934 shares of the semiconductor company’s stock valued at $17,304,000 after buying an additional 236,621 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Marvell Technology by 7.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,377 shares of the semiconductor company’s stock worth $893,000 after purchasing an additional 816 shares in the last quarter. Dakota Wealth Management increased its position in shares of Marvell Technology by 2.8% during the 3rd quarter. Dakota Wealth Management now owns 12,646 shares of the semiconductor company’s stock worth $912,000 after purchasing an additional 343 shares in the last quarter. Finally, Forsta AP Fonden increased its position in shares of Marvell Technology by 12.5% during the 3rd quarter. Forsta AP Fonden now owns 180,800 shares of the semiconductor company’s stock worth $13,039,000 after purchasing an additional 20,100 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Down 4.5 %

Marvell Technology stock opened at $103.85 on Monday. The company’s 50 day simple moving average is $113.59 and its 200 day simple moving average is $92.50. Marvell Technology, Inc. has a fifty-two week low of $53.19 and a fifty-two week high of $127.48. The firm has a market capitalization of $89.86 billion, a price-to-earnings ratio of -61.09, a PEG ratio of 1.61 and a beta of 1.40. 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 disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Friday, January 10th. Marvell Technology’s payout ratio is -14.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald increased their target price on shares of Marvell Technology from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their target price on shares of Marvell Technology from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. UBS Group increased their target price on shares of Marvell Technology from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on shares of Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Barclays restated an “overweight” rating on shares of Marvell Technology in a research report on Friday, February 14th. Three investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $127.60.

Insider Buying and Selling

In other Marvell Technology news, EVP Chris Koopmans sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $122.50, for a total transaction of $735,000.00. Following the sale, the executive vice president now directly owns 97,244 shares in the company, valued at approximately $11,912,390. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm’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 $183,750.00. Following the sale, the chief financial officer now owns 112,711 shares in the company, valued at $13,807,097.50. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,255 shares of company stock valued at $4,330,980 in the last 90 days. 0.33% of the stock is owned by insiders.

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.