Segall Bryant & Hamill LLC Raises Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Segall Bryant & Hamill LLC lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 12.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 428,375 shares of the semiconductor company’s stock after purchasing an additional 46,087 shares during the quarter. Marvell Technology comprises about 0.7% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 25th largest holding. Segall Bryant & Hamill LLC’s holdings in Marvell Technology were worth $47,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MRVL. True Wealth Design LLC raised its holdings in shares of Marvell Technology by 1,481.8% in the third quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company’s stock worth $25,000 after buying an additional 326 shares during the last quarter. ORG Partners LLC increased its position 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 valued at $26,000 after acquiring an additional 149 shares during the period. Centricity Wealth Management LLC purchased a new position in Marvell Technology in the 4th quarter worth $26,000. Rialto Wealth Management LLC acquired a new stake in Marvell Technology during the 4th quarter worth about $27,000. Finally, Kieckhefer Group LLC purchased a new stake in Marvell Technology during the 4th quarter valued at about $33,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CAO Panteha Dixon sold 1,430 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $68.75, for a total value of $98,312.50. Following the completion of the sale, the chief accounting officer now owns 31,100 shares in the company, valued at approximately $2,138,125. This represents a 4.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $118.33, for a total value of $177,495.00. Following the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 37,685 shares of company stock valued at $4,026,768. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the subject of a number of research reports. Melius Research raised Marvell Technology to a “strong-buy” rating in a report on Monday, January 27th. 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. Oppenheimer raised their target price on shares of Marvell Technology from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Summit Insights lowered shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, StockNews.com upgraded Marvell Technology from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th. Three analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.44.

Marvell Technology Stock Up 3.4 %

NASDAQ MRVL opened at $72.76 on Tuesday. The business has a fifty day moving average price of $98.21 and a 200 day moving average price of $93.87. 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 company has a market cap of $63.01 billion, a P/E ratio of -42.80, a P/E/G ratio of 1.61 and a beta of 1.42. Marvell Technology, Inc. has a one year low of $53.19 and a one year high of $127.48.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Friday, April 11th. Marvell Technology’s dividend payout ratio (DPR) is -23.53%.

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.