Captrust Financial Advisors Sells 696 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Captrust Financial Advisors reduced its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,344 shares of the semiconductor company’s stock after selling 696 shares during the quarter. Captrust Financial Advisors’ holdings in Marvell Technology were worth $4,014,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. ORG Partners LLC lifted its stake in shares of Marvell Technology by 175.3% during the 4th quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock worth $26,000 after buying an additional 149 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Marvell Technology during the fourth quarter worth approximately $26,000. Rialto Wealth Management LLC acquired a new position in shares of Marvell Technology in the fourth quarter valued at approximately $27,000. Kieckhefer Group LLC acquired a new stake in Marvell Technology during the 4th quarter worth approximately $33,000. Finally, Financial Life Planners bought a new stake in Marvell Technology in the 4th quarter valued at $33,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of research reports. Summit Insights downgraded Marvell Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. The Goldman Sachs Group boosted their price objective on shares of Marvell Technology from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, January 10th. KeyCorp dropped their price target on shares of Marvell Technology from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Citigroup lowered their price objective on Marvell Technology from $122.00 to $96.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Marvell Technology in a research report on Thursday, March 6th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.30.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $59.65 on Friday. The stock has a market capitalization of $51.53 billion, a PE ratio of -35.09, a PEG ratio of 1.61 and a beta of 1.83. The business’s 50 day simple moving average is $61.19 and its 200 day simple moving average is $89.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11. Marvell Technology, Inc. has a one year low of $47.09 and a one year high of $127.48.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Friday, April 11th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, April 11th. Marvell Technology’s dividend payout ratio (DPR) is presently -23.53%.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 12,460 shares of Marvell Technology stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $685,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brad W. Buss purchased 3,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $69.00 per share, for a total transaction of $207,000.00. Following the completion of the purchase, the director now owns 87,113 shares of the company’s stock, valued at approximately $6,010,797. This trade represents a 3.57 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 28,890 shares of company stock valued at $2,027,938 over the last quarter. Insiders own 0.33% of the company’s stock.

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.