Bouvel Investment Partners LLC Increases Position in Marvell Technology, Inc. (NASDAQ:MRVL)

Bouvel Investment Partners LLC increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 71,392 shares of the semiconductor company’s stock after purchasing an additional 1,453 shares during the period. Marvell Technology makes up approximately 2.8% of Bouvel Investment Partners LLC’s holdings, making the stock its 9th largest position. Bouvel Investment Partners LLC’s holdings in Marvell Technology were worth $7,885,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. ORG Partners LLC raised its stake in shares of Marvell Technology by 175.3% in the 4th quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 149 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in Marvell Technology during the fourth quarter valued at approximately $33,000. True Wealth Design LLC grew its stake in shares of Marvell Technology by 1,481.8% in the 3rd quarter. True Wealth Design LLC now owns 348 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 326 shares during the period. Quarry LP acquired a new position in shares of Marvell Technology in the 2nd quarter worth approximately $32,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Marvell Technology in the second quarter valued at $32,000. 83.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MRVL. UBS Group increased their target price on shares of Marvell Technology from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased their price objective on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Cantor Fitzgerald boosted their price objective on shares of Marvell Technology from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Rosenblatt Securities increased their price objective on Marvell Technology from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded Marvell Technology from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.68.

Marvell Technology Stock Up 1.4 %

Shares of Marvell Technology stock opened at $117.58 on Friday. The firm’s 50-day moving average price is $106.09 and its two-hundred day moving average price is $84.09. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 12-month low of $53.19 and a 12-month high of $126.15.

Marvell Technology Announces Dividend

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

Insider Transactions at Marvell Technology

In other news, EVP Mark Casper sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $113.00, for a total value of $282,500.00. Following the completion of the transaction, the executive vice president now owns 24,706 shares of the company’s stock, valued at $2,791,778. This represents a 9.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael G. Strachan sold 5,000 shares of Marvell Technology stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $122.65, for a total transaction of $613,250.00. Following the sale, the director now owns 30,959 shares in the company, valued at approximately $3,797,121.35. This represents a 13.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,500 shares of company stock valued at $2,967,670. Corporate 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.