Marvell Technology, Inc. (NASDAQ:MRVL) Shares Sold by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. decreased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 40.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,686 shares of the semiconductor company’s stock after selling 26,742 shares during the quarter. Marvell Technology comprises 0.5% of Global X Japan Co. Ltd.’s holdings, making the stock its 28th largest position. Global X Japan Co. Ltd.’s holdings in Marvell Technology were worth $4,273,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of MRVL. GAMMA Investing LLC boosted its holdings in Marvell Technology by 13.7% in the 3rd quarter. GAMMA Investing LLC now owns 7,333 shares of the semiconductor company’s stock valued at $529,000 after purchasing an additional 882 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in Marvell Technology by 9.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 4,973 shares of the semiconductor company’s stock worth $359,000 after acquiring an additional 418 shares during the last quarter. Brookstone Capital Management purchased a new stake in Marvell Technology in the third quarter valued at $216,000. CWM LLC lifted its stake in shares of Marvell Technology by 17.6% in the 3rd quarter. CWM LLC now owns 25,122 shares of the semiconductor company’s stock valued at $1,812,000 after purchasing an additional 3,760 shares during the last quarter. Finally, Wedmont Private Capital increased its position in shares of Marvell Technology by 10.5% during the 3rd quarter. Wedmont Private Capital now owns 9,381 shares of the semiconductor company’s stock worth $692,000 after purchasing an additional 894 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Trading Up 2.4 %

NASDAQ:MRVL opened at $119.24 on Friday. Marvell Technology, Inc. has a one year low of $53.19 and a one year high of $127.48. 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 stock has a market cap of $103.18 billion, a price-to-earnings ratio of -70.14, a price-to-earnings-growth ratio of 3.71 and a beta of 1.40. The business’s 50-day simple moving average is $113.59 and its 200 day simple moving average is $88.68.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Friday, January 10th were given a dividend of $0.06 per share. The ex-dividend date was Friday, January 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.20%. Marvell Technology’s payout ratio is -14.12%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MRVL shares. Susquehanna upped their price objective on shares of Marvell Technology from $110.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on Marvell Technology from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. The Goldman Sachs Group increased their target price on Marvell Technology from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Benchmark reaffirmed a “buy” rating and issued a $135.00 target price (up from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 4th. Finally, Rosenblatt Securities lifted their price objective on shares of Marvell Technology from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Three 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.60.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 7,755 shares of Marvell Technology stock in a transaction on Friday, January 17th. The shares were sold at an average price of $123.08, for a total value of $954,485.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the executive vice president now owns 93,931 shares in the company, valued at approximately $11,685,016.40. The trade was a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,755 shares of company stock worth $4,361,430. Corporate 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.