Marvell Technology, Inc. (NASDAQ:MRVL) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. grew its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,838 shares of the semiconductor company’s stock after acquiring an additional 757 shares during the quarter. Kovack Advisors Inc.’s holdings in Marvell Technology were worth $976,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. True Wealth Design LLC increased its position in Marvell Technology by 1,481.8% during the third quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 326 shares during the last quarter. ORG Partners LLC grew its stake in shares of Marvell Technology by 175.3% in the 4th quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 149 shares during the period. Centricity Wealth Management LLC purchased a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $26,000. Kieckhefer Group LLC acquired a new stake in shares of Marvell Technology during the 4th quarter worth approximately $33,000. Finally, Financial Life Planners purchased a new stake in shares of Marvell Technology during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MRVL. Citigroup increased their price objective on Marvell Technology from $91.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Evercore ISI increased their price target on Marvell Technology from $98.00 to $122.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Morgan Stanley restated an “equal weight” rating on shares of Marvell Technology in a report on Friday, February 14th. The Goldman Sachs Group increased their target price on shares of Marvell Technology from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company lifted their price target on shares of Marvell Technology from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.60.

Marvell Technology Stock Down 7.6 %

Shares of NASDAQ:MRVL opened at $87.65 on Friday. Marvell Technology, Inc. has a fifty-two week low of $53.19 and a fifty-two week high of $127.48. The firm’s 50 day moving average price is $112.03 and its 200 day moving average price is $92.96. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30. The stock has a market cap of $75.84 billion, a price-to-earnings ratio of -51.56, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

Marvell Technology Dividend Announcement

The company also recently disclosed 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 0.27%. Marvell Technology’s dividend payout ratio (DPR) is currently -14.12%.

Insider Buying and Selling

In other Marvell Technology news, COO Chris Koopmans sold 6,000 shares of Marvell Technology stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $106.35, for a total transaction of $638,100.00. Following the completion of the sale, the chief operating officer now directly owns 87,931 shares of the company’s stock, valued at $9,351,461.85. The trade was a 6.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $118.33, for a total value of $177,495.00. Following the completion of the transaction, the chief financial officer now owns 111,211 shares in the company, valued at approximately $13,159,597.63. The trade was a 1.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,255 shares of company stock worth $4,330,980. Corporate insiders own 0.33% of the company’s stock.

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.