Blair William & Co. IL Has $60.24 Million Stake in Marvell Technology, Inc. (NASDAQ:MRVL)

Blair William & Co. IL decreased its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 545,388 shares of the semiconductor company’s stock after selling 23,888 shares during the period. Blair William & Co. IL’s holdings in Marvell Technology were worth $60,238,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MRVL. GQG Partners LLC purchased a new position in Marvell Technology in the fourth quarter valued at about $802,410,000. Raymond James Financial Inc. purchased a new stake in Marvell Technology during the fourth quarter valued at about $366,896,000. Artisan Partners Limited Partnership boosted its position in Marvell Technology by 98.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,100,825 shares of the semiconductor company’s stock valued at $452,936,000 after buying an additional 2,034,353 shares during the period. Temasek Holdings Private Ltd increased its stake in shares of Marvell Technology by 581.8% in the third quarter. Temasek Holdings Private Ltd now owns 2,240,085 shares of the semiconductor company’s stock worth $161,555,000 after buying an additional 1,911,532 shares during the period. Finally, Holocene Advisors LP purchased a new position in shares of Marvell Technology during the third quarter valued at approximately $120,116,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MRVL has been the topic of a number of recent research reports. Roth Capital set a $100.00 price objective on shares of Marvell Technology in a report on Thursday, March 6th. Rosenblatt Securities restated a “buy” rating and set a $140.00 price objective on shares of Marvell Technology in a research report on Thursday, March 6th. Oppenheimer boosted their target price on shares of Marvell Technology from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. UBS Group lifted their price target on shares of Marvell Technology from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Benchmark reissued a “buy” rating and issued a $135.00 price target on shares of Marvell Technology in a report on Thursday, March 6th. Three analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus target price of $120.44.

Marvell Technology Stock Down 2.8 %

MRVL stock opened at $64.86 on Friday. The company has a market cap of $56.17 billion, a P/E ratio of -38.15, a P/E/G ratio of 1.61 and a beta of 1.42. 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 company’s 50-day moving average price is $95.30 and its 200 day moving average price is $93.52. Marvell Technology, Inc. has a 52 week low of $53.19 and a 52 week high of $127.48.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.37%. The ex-dividend date is Friday, April 11th. Marvell Technology’s payout ratio is -23.53%.

Insider Activity

In other news, EVP Chris Koopmans sold 6,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 93,931 shares in the company, valued at approximately $11,685,016.40. This represents a 6.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Casper sold 2,500 shares of Marvell Technology stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $113.00, for a total transaction of $282,500.00. Following the completion of the transaction, the executive vice president now directly owns 24,706 shares of the company’s stock, valued at $2,791,778. This trade represents a 9.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,685 shares of company stock valued at $4,026,768 over the last 90 days. Insiders own 0.33% of the company’s stock.

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.