Quotient Wealth Partners LLC Invests $282,000 in Marvell Technology, Inc. (NASDAQ:MRVL)

Quotient Wealth Partners LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,556 shares of the semiconductor company’s stock, valued at approximately $282,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MRVL. Dynamic Advisor Solutions LLC lifted its position in shares of 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 purchasing an additional 418 shares in the last quarter. Brookstone Capital Management purchased a new stake in Marvell Technology during the 3rd quarter worth approximately $216,000. CWM LLC lifted its holdings in Marvell Technology by 17.6% during the 3rd quarter. CWM LLC now owns 25,122 shares of the semiconductor company’s stock worth $1,812,000 after buying an additional 3,760 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Marvell Technology by 265.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,691 shares of the semiconductor company’s stock valued at $483,000 after buying an additional 4,859 shares during the period. Finally, Valeo Financial Advisors LLC grew its stake in shares of Marvell Technology by 9.3% in the third quarter. Valeo Financial Advisors LLC now owns 10,757 shares of the semiconductor company’s stock worth $776,000 after acquiring an additional 917 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $110.62 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11. The company has a market cap of $95.72 billion, a PE ratio of -65.07, a P/E/G ratio of 1.77 and a beta of 1.40. The stock has a fifty day moving average price of $113.95 and a 200 day moving average price of $89.29. Marvell Technology, Inc. has a 1-year low of $53.19 and a 1-year high of $127.48.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Friday, January 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, January 10th. Marvell Technology’s payout ratio is -14.12%.

Insider Transactions at Marvell Technology

In related news, EVP Chris Koopmans sold 6,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $89.14, for a total transaction of $534,840.00. Following the transaction, the executive vice president now owns 103,244 shares of the company’s stock, valued at $9,203,170.16. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $122.50, for a total value of $183,750.00. Following the completion of the sale, the chief financial officer now directly owns 112,711 shares of the company’s stock, valued at approximately $13,807,097.50. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,755 shares of company stock worth $4,361,430 over the last ninety days. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MRVL. B. Riley increased their price objective on Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Craig Hallum lifted their price objective on Marvell Technology from $132.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Susquehanna upped their target price on shares of Marvell Technology from $110.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, December 4th. TD Cowen lifted their price target on shares of Marvell Technology from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, KeyCorp boosted their price target on shares of Marvell Technology from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Three research 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.60.

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.