KRS Capital Management LLC Buys 525 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

KRS Capital Management LLC grew its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 6.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,958 shares of the semiconductor company’s stock after acquiring an additional 525 shares during the quarter. Marvell Technology comprises about 0.7% of KRS Capital Management LLC’s portfolio, making the stock its 27th biggest holding. KRS Capital Management LLC’s holdings in Marvell Technology were worth $989,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MRVL. True Wealth Design LLC raised its position in shares of Marvell Technology by 1,481.8% in the 3rd quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 326 shares in the last quarter. ORG Partners LLC lifted its position in shares of Marvell Technology by 175.3% during the 4th quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 149 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Marvell Technology during the second quarter worth $32,000. Quarry LP acquired a new stake in Marvell Technology in the second quarter worth $32,000. Finally, Kieckhefer Group LLC bought a new stake in Marvell Technology in the fourth quarter valued at $33,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of MRVL traded up $7.18 during mid-day trading on Friday, reaching $124.76. The stock had a trading volume of 14,849,059 shares, compared to its average volume of 13,008,617. Marvell Technology, Inc. has a 12 month low of $53.19 and a 12 month high of $126.15. 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 firm has a market cap of $107.95 billion, a price-to-earnings ratio of -73.39, a PEG ratio of 3.76 and a beta of 1.41. The business has a fifty day moving average of $106.70 and a 200 day moving average of $84.46.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Friday, January 10th. Marvell Technology’s dividend payout ratio is currently -14.12%.

Insider Buying and Selling

In other news, CFO Willem A. Meintjes sold 1,500 shares of the company’s 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 transaction, the chief financial officer now directly owns 111,211 shares in the company, valued at approximately $13,159,597.63. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark Casper sold 7,755 shares of Marvell Technology stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $123.08, for a total transaction of $954,485.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,755 shares of company stock valued at $4,099,650. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Loop Capital boosted their target price on Marvell Technology from $95.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Bank of America increased their target price on Marvell Technology from $108.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Barclays boosted their price target on shares of Marvell Technology from $115.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday. Benchmark reiterated a “buy” rating and set a $135.00 price objective (up from $115.00) on shares of Marvell Technology in a report on Wednesday, December 4th. Finally, UBS Group lifted their price target on Marvell Technology from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $123.08.

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.