Headlands Technologies LLC Invests $1.89 Million in Marvell Technology, Inc. (NASDAQ:MRVL)

Headlands Technologies LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,070 shares of the semiconductor company’s stock, valued at approximately $1,885,000.

Several other institutional investors have also recently made changes to their positions in the company. Centricity Wealth Management LLC purchased a new stake in Marvell Technology during the fourth quarter worth about $26,000. ORG Partners LLC lifted its stake in 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 in the last quarter. Rialto Wealth Management LLC bought a new stake in Marvell Technology during the fourth quarter valued at $27,000. Kieckhefer Group LLC purchased a new position in shares of Marvell Technology during the fourth quarter worth about $33,000. Finally, Financial Life Planners bought a new position in shares of Marvell Technology in the 4th quarter worth $33,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $62.67 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a market cap of $54.28 billion, a price-to-earnings ratio of -36.86, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The company’s 50-day moving average is $91.56 and its two-hundred day moving average is $93.58. Marvell Technology, Inc. has a 12-month low of $53.19 and a 12-month high of $127.48.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Friday, April 11th. Marvell Technology’s dividend payout ratio (DPR) is presently -23.53%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MRVL. Wells Fargo & Company restated an “overweight” rating on shares of Marvell Technology in a research report on Thursday, March 6th. William Blair raised Marvell Technology to a “strong-buy” rating in a research report on Wednesday, February 5th. StockNews.com raised shares of Marvell Technology from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th. Melius Research raised Marvell Technology to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Stifel Nicolaus decreased their price objective on shares of Marvell Technology from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.44.

Insider Buying and Selling

In other news, CFO Willem A. Meintjes sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $68.83, for a total transaction of $103,245.00. Following the completion of the sale, the chief financial officer now directly owns 113,592 shares in the company, valued at $7,818,537.36. This trade represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Chris Koopmans sold 6,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $68.83, for a total transaction of $412,980.00. Following the completion of the sale, the chief operating officer now directly owns 81,931 shares of the company’s stock, valued at $5,639,310.73. The trade was a 6.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,685 shares of company stock valued at $4,026,768. 0.33% of the stock is currently owned by corporate 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.