Financial Security Advisor Inc. Takes $204,000 Position in Marvell Technology, Inc. (NASDAQ:MRVL)

Financial Security Advisor Inc. bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,843 shares of the semiconductor company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shoker Investment Counsel Inc. bought a new stake in shares of Marvell Technology in the 4th quarter worth approximately $219,000. Fort Sheridan Advisors LLC raised its stake in shares of Marvell Technology by 21.1% in the fourth quarter. Fort Sheridan Advisors LLC now owns 7,180 shares of the semiconductor company’s stock valued at $793,000 after purchasing an additional 1,253 shares in the last quarter. Linscomb Wealth Inc. raised its stake in shares of Marvell Technology by 5.8% in the fourth quarter. Linscomb Wealth Inc. now owns 30,170 shares of the semiconductor company’s stock valued at $3,332,000 after purchasing an additional 1,664 shares in the last quarter. QRG Capital Management Inc. lifted its position in Marvell Technology by 10.6% in the fourth quarter. QRG Capital Management Inc. now owns 38,451 shares of the semiconductor company’s stock worth $4,247,000 after purchasing an additional 3,672 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Marvell Technology during the fourth quarter worth $39,858,000. 83.51% of the stock is currently owned by institutional investors.

Insider Activity at Marvell Technology

In other news, COO Chris Koopmans sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.35, for a total value of $638,100.00. Following the transaction, the chief operating officer now owns 87,931 shares of the company’s stock, valued at approximately $9,351,461.85. This trade represents a 6.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $122.50, for a total transaction of $183,750.00. Following the sale, the chief financial officer now owns 112,711 shares of the company’s stock, valued at approximately $13,807,097.50. This represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,255 shares of company stock worth $4,330,980 over the last 90 days. Insiders own 0.33% of the company’s stock.

Marvell Technology Stock Down 7.6 %

NASDAQ:MRVL opened at $87.65 on Friday. The company has a market cap of $75.84 billion, a price-to-earnings ratio of -51.56, a P/E/G ratio of 1.61 and a beta of 1.40. 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 stock’s fifty day moving average price is $112.03 and its two-hundred day moving average price is $92.96. Marvell Technology, Inc. has a 52-week low of $53.19 and a 52-week high of $127.48.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Friday, January 10th. Marvell Technology’s dividend payout ratio is -14.12%.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of recent research reports. Evercore ISI increased 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. The Goldman Sachs Group increased their price target on shares of Marvell Technology from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. UBS Group lifted their price objective on Marvell Technology from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley reissued an “equal weight” rating on shares of Marvell Technology in a report on Friday, February 14th. Finally, Oppenheimer boosted their price target on Marvell Technology from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to 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.