Marvell Technology, Inc. (NASDAQ:MRVL) EVP Chris Koopmans Sells 6,000 Shares

Marvell Technology, Inc. (NASDAQ:MRVL) EVP Chris Koopmans sold 6,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 93,931 shares of the company’s stock, valued at $11,685,016.40. This trade represents a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Chris Koopmans also recently made the following trade(s):

• On Monday, December 16th, Chris Koopmans sold 6,000 shares of Marvell Technology stock. The stock was sold at an average price of $122.50, for a total value of $735,000.00.
• On Friday, November 15th, Chris Koopmans sold 6,000 shares of Marvell Technology stock. The shares were sold at an average price of $89.14, for a total value of $534,840.00.

Marvell Technology Price Performance

Shares of MRVL opened at $126.06 on Friday. The firm has a market cap of $109.08 billion, a PE ratio of -74.15, a P/E/G ratio of 4.07 and a beta of 1.41. 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 1-year low of $53.19 and a 1-year high of $127.48. The firm has a fifty day simple moving average of $108.68 and a two-hundred day simple moving average of $85.65.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Friday, January 10th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, January 10th. This represents a $0.24 annualized dividend and a yield of 0.19%. Marvell Technology’s dividend payout ratio (DPR) is -14.12%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new stake in shares of Marvell Technology during the 4th quarter valued at $147,000. Caprock Group LLC lifted its position in Marvell Technology by 8.1% during the fourth quarter. Caprock Group LLC now owns 8,784 shares of the semiconductor company’s stock valued at $970,000 after purchasing an additional 656 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in Marvell Technology during the fourth quarter valued at about $183,000. Alta Wealth Advisors LLC increased its position in Marvell Technology by 64.3% in the fourth quarter. Alta Wealth Advisors LLC now owns 5,478 shares of the semiconductor company’s stock worth $605,000 after buying an additional 2,143 shares in the last quarter. Finally, Institute for Wealth Management LLC. raised its stake in shares of Marvell Technology by 11.0% in the fourth quarter. Institute for Wealth Management LLC. now owns 16,293 shares of the semiconductor company’s stock worth $1,800,000 after buying an additional 1,609 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MRVL has been the subject of several recent research reports. Craig Hallum raised their price objective on Marvell Technology from $132.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Cantor Fitzgerald lifted their price target on shares of Marvell Technology from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Evercore ISI upped their price objective on shares of Marvell Technology from $98.00 to $122.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. StockNews.com upgraded shares of Marvell Technology from a “sell” rating to a “hold” rating in a report on Thursday, January 9th. Finally, UBS Group upped their price target on Marvell Technology from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.38.

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.