Winch Advisory Services LLC Sells 398 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Winch Advisory Services LLC lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,118 shares of the semiconductor company’s stock after selling 398 shares during the quarter. Marvell Technology makes up approximately 1.3% of Winch Advisory Services LLC’s portfolio, making the stock its 18th largest holding. Winch Advisory Services LLC’s holdings in Marvell Technology were worth $4,873,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. True Wealth Design LLC boosted its stake in Marvell Technology by 1,481.8% in the third quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 326 shares during the last quarter. ORG Partners LLC raised its holdings 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 worth $26,000 after purchasing an additional 149 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Marvell Technology in the 2nd quarter worth approximately $32,000. Quarry LP purchased a new position in Marvell Technology in the second quarter valued at approximately $32,000. Finally, Kieckhefer Group LLC bought a new position in Marvell Technology during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Up 0.7 %

MRVL opened at $116.00 on Thursday. The business’s fifty day simple moving average is $105.61 and its 200 day simple moving average is $83.85. Marvell Technology, Inc. has a 52 week low of $53.19 and a 52 week high of $126.15. 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 $100.37 billion, a PE ratio of -68.23, a P/E/G ratio of 3.76 and a beta of 1.41.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, January 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.21%. Marvell Technology’s dividend payout ratio (DPR) is presently -14.12%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com upgraded Marvell Technology from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th. UBS Group upped their price objective on shares of Marvell Technology from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. The Goldman Sachs Group lifted 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. Oppenheimer upped their price target on shares of Marvell Technology from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Evercore ISI lifted their price objective on shares of Marvell Technology from $98.00 to $122.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $121.68.

Insider Activity

In related news, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $89.14, for a total transaction of $133,710.00. Following the transaction, the chief financial officer now owns 114,211 shares of the company’s stock, valued at approximately $10,180,768.54. This trade represents a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Chris Koopmans sold 6,000 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $80.77, for a total transaction of $484,620.00. Following the completion of the sale, the executive vice president now directly owns 109,244 shares of the company’s stock, valued at $8,823,637.88. This represents a 5.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,500 shares of company stock worth $2,967,670. 0.33% of the stock is currently owned by insiders.

About Marvell Technology

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.