Regent Peak Wealth Advisors LLC Purchases Shares of 1,811 Marvell Technology, Inc. (NASDAQ:MRVL)

Regent Peak Wealth Advisors LLC acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,811 shares of the semiconductor company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Diversified Trust Co increased its stake in Marvell Technology by 5.2% in the 4th quarter. Diversified Trust Co now owns 9,414 shares of the semiconductor company’s stock worth $1,040,000 after buying an additional 464 shares in the last quarter. Advance Capital Management Inc. purchased a new stake in shares of Marvell Technology during the fourth quarter worth about $204,000. Nordea Investment Management AB grew its position in shares of Marvell Technology by 14.0% during the fourth quarter. Nordea Investment Management AB now owns 4,652,983 shares of the semiconductor company’s stock worth $518,435,000 after purchasing an additional 571,005 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Marvell Technology during the 4th quarter valued at approximately $2,216,000. Finally, Franchise Capital Ltd purchased a new position in Marvell Technology in the 4th quarter worth approximately $1,476,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Trading Down 1.5 %

NASDAQ MRVL traded down $1.73 during trading on Tuesday, hitting $117.28. The stock had a trading volume of 5,511,308 shares, compared to its average volume of 10,341,801. The stock has a market capitalization of $101.48 billion, a price-to-earnings ratio of -68.99, a P/E/G ratio of 4.03 and a beta of 1.41. The stock has a 50 day simple moving average of $101.24 and a 200 day simple moving average of $81.64. Marvell Technology, Inc. has a one year low of $53.19 and a one year high of $126.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Friday, January 10th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Friday, January 10th. Marvell Technology’s payout ratio is currently -14.12%.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of research analyst reports. KeyCorp increased their price objective on shares of Marvell Technology from $95.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Stifel Nicolaus raised their target price on shares of Marvell Technology from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday. Needham & Company LLC lifted their price target on shares of Marvell Technology from $95.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com downgraded shares of Marvell Technology from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. Finally, JPMorgan Chase & Co. lifted their target price on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $120.64.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.50, for a total value of $120,750.00. Following the completion of the sale, the chief financial officer now directly owns 110,253 shares of the company’s stock, valued at $8,875,366.50. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew J. Murphy bought 13,000 shares of the company’s stock in a transaction on Monday, October 14th. The stock was bought at an average price of $77.63 per share, for a total transaction of $1,009,190.00. Following the completion of the purchase, the chief executive officer now directly owns 221,915 shares in the company, valued at approximately $17,227,261.45. This represents a 6.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 175,000 shares of company stock valued at $14,550,170 in the last quarter. 0.33% of the stock is owned by insiders.

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.