Cordatus Wealth Management LLC Buys Shares of 15,752 Marvell Technology, Inc. (NASDAQ:MRVL)

Cordatus Wealth Management LLC bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVLGet Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,752 shares of the semiconductor company’s stock, valued at approximately $1,378,000.

Other large investors also recently modified their holdings of the company. HM Payson & Co. boosted its stake in shares of Marvell Technology by 52.5% during the 3rd quarter. HM Payson & Co. now owns 453 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 156 shares during the period. Bell Investment Advisors Inc acquired a new stake in shares of Marvell Technology in the 3rd quarter valued at $31,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Marvell Technology in the 4th quarter valued at $32,000. Financial Management Professionals Inc. acquired a new stake in shares of Marvell Technology in the 3rd quarter valued at $36,000. Finally, Activest Wealth Management lifted its stake in shares of Marvell Technology by 325.9% in the 4th quarter. Activest Wealth Management now owns 460 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 352 shares during the last quarter. 82.49% of the stock is owned by institutional investors.

In other news, EVP Mitchell Gaynor sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $70.54, for a total transaction of $352,700.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew J. Murphy sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $72.43, for a total transaction of $2,172,900.00. The disclosure for this sale can be found here. Insiders have sold 229,611 shares of company stock worth $15,290,489 over the last ninety days. Insiders own 0.29% of the company’s stock.

Several equities research analysts recently issued reports on MRVL shares. Piper Sandler reduced their price objective on shares of Marvell Technology from $100.00 to $80.00 in a research note on Friday, March 4th. Morgan Stanley reduced their price objective on shares of Marvell Technology from $86.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, March 4th. Susquehanna lifted their price objective on shares of Marvell Technology from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Monday, March 7th. Susquehanna Bancshares boosted their target price on shares of Marvell Technology from $100.00 to $105.00 in a research report on Monday, March 7th. Finally, TheStreet lowered shares of Marvell Technology from a “b-” rating to a “c” rating in a research report on Friday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $95.00.

NASDAQ MRVL traded up $1.23 on Monday, reaching $59.67. The company’s stock had a trading volume of 361,124 shares, compared to its average volume of 11,123,600. The firm has a market cap of $50.59 billion, a PE ratio of -108.22, a price-to-earnings-growth ratio of 2.06 and a beta of 1.20. The business has a 50-day moving average price of $66.97 and a 200 day moving average price of $72.85. Marvell Technology, Inc. has a 52 week low of $40.79 and a 52 week high of $93.85. The company has a current ratio of 1.80, a quick ratio of 1.28 and a debt-to-equity ratio of 0.29.

Marvell Technology (NASDAQ:MRVLGet Rating) last posted its earnings results on Thursday, March 3rd. The semiconductor company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Marvell Technology had a negative net margin of 9.44% and a positive return on equity of 5.60%. The firm’s revenue for the quarter was up 68.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Analysts anticipate that Marvell Technology, Inc. will post 1.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 27th. Shareholders of record on Friday, April 8th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, April 7th. This represents a $0.24 annualized dividend and a yield of 0.40%. Marvell Technology’s dividend payout ratio is -44.44%.

About Marvell Technology (Get Rating)

Marvell Technology, Inc, together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors.

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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