Vanguard Personalized Indexing Management LLC Has $2.77 Million Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Vanguard Personalized Indexing Management LLC increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,873 shares of the semiconductor company’s stock after buying an additional 7,552 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Marvell Technology were worth $2,767,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Buck Wealth Strategies LLC grew its position in Marvell Technology by 1,328.1% during the 3rd quarter. Buck Wealth Strategies LLC now owns 457 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 425 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in Marvell Technology by 56.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 428 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 155 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Marvell Technology by 46.2% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 522 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 165 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Marvell Technology by 532.3% during the third quarter. Raleigh Capital Management Inc. now owns 626 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 527 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Marvell Technology by 34.7% in the fourth quarter. Versant Capital Management Inc now owns 625 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Up 4.8 %

Shares of Marvell Technology stock traded up $3.35 during trading on Thursday, reaching $73.50. The stock had a trading volume of 6,820,839 shares, compared to its average volume of 13,274,925. The company has a current ratio of 1.69, a quick ratio of 1.21 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $63.61 billion, a price-to-earnings ratio of -67.35, a P/E/G ratio of 4.98 and a beta of 1.48. The stock has a fifty day moving average price of $68.97 and a two-hundred day moving average price of $64.23. Marvell Technology, Inc. has a 52 week low of $42.03 and a 52 week high of $85.76.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, March 7th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Marvell Technology had a positive return on equity of 4.96% and a negative net margin of 16.95%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. Marvell Technology’s quarterly revenue was up .6% on a year-over-year basis. Sell-side analysts predict that Marvell Technology, Inc. will post 0.73 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, April 12th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, April 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.33%. Marvell Technology’s dividend payout ratio (DPR) is currently -22.22%.

Marvell Technology announced that its board has initiated a share repurchase program on Thursday, March 7th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and set a $80.00 price objective (up previously from $70.00) on shares of Marvell Technology in a report on Thursday, February 29th. B. Riley reiterated a “buy” rating and issued a $95.00 price objective (up from $85.00) on shares of Marvell Technology in a research report on Monday, March 4th. Evercore ISI initiated coverage on shares of Marvell Technology in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $88.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and set a $86.00 price target on shares of Marvell Technology in a research note on Friday, April 12th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.28.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $64.49, for a total transaction of $64,490.00. Following the completion of the transaction, the chief financial officer now owns 110,218 shares of the company’s stock, valued at approximately $7,107,958.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Willem A. Meintjes sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $64.49, for a total value of $64,490.00. Following the transaction, the chief financial officer now owns 110,218 shares in the company, valued at approximately $7,107,958.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew J. Murphy sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $66.17, for a total value of $1,985,100.00. Following the completion of the transaction, the chief executive officer now directly owns 732,929 shares in the company, valued at $48,497,911.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,500 shares of company stock valued at $5,103,805. 0.33% of the stock is currently owned by corporate insiders.

Marvell Technology Company 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.