Marvell Technology, Inc. (NASDAQ:MRVL) EVP Sells $746,400.00 in Stock

Marvell Technology, Inc. (NASDAQ:MRVL) EVP Chris Koopmans sold 6,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $124.40, for a total value of $746,400.00. Following the completion of the transaction, the executive vice president now owns 93,931 shares of the company’s stock, valued at $11,685,016.40. The trade was a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $89.14, for a total value of $534,840.00.

Marvell Technology Stock Performance

MRVL traded up $0.85 during trading on Thursday, reaching $126.06. The company’s stock had a trading volume of 9,484,551 shares, compared to its average volume of 10,883,458. Marvell Technology, Inc. has a 52-week low of $53.19 and a 52-week high of $127.48. The company’s fifty day moving average price is $108.68 and its 200-day moving average price is $85.65. The company has a market capitalization of $109.08 billion, a price-to-earnings ratio of -74.15, a price-to-earnings-growth ratio of 4.07 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Friday, January 10th. Marvell Technology’s dividend payout ratio is presently -14.12%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MRVL shares. UBS Group increased their price objective on Marvell Technology from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Stifel Nicolaus raised their price target on Marvell Technology from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Wells Fargo & Company raised their price target on Marvell Technology from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. KeyCorp raised their price target on Marvell Technology from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Susquehanna raised their price target on Marvell Technology from $110.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.38.

Institutional Investors Weigh In On Marvell Technology

Institutional investors have recently added to or reduced their stakes in the business. ORG Partners LLC boosted its holdings in 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 purchasing an additional 149 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Marvell Technology during the 4th quarter worth approximately $33,000. True Wealth Design LLC boosted its stake in shares of Marvell Technology by 1,481.8% during 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. Quarry LP purchased a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 83.51% 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.