ORG Partners LLC Has $54,000 Stake in Marvell Technology, Inc. (NASDAQ:MRVL)

ORG Partners LLC boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 2,244.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 891 shares of the semiconductor company’s stock after buying an additional 853 shares during the quarter. ORG Partners LLC’s holdings in Marvell Technology were worth $54,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MRVL. Quilter Plc acquired a new position in Marvell Technology in the first quarter worth $248,250,000. SRS Capital Advisors Inc. raised its position in shares of Marvell Technology by 216.2% during the second quarter. SRS Capital Advisors Inc. now owns 411 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 281 shares during the last quarter. SJS Investment Consulting Inc. raised its position in shares of Marvell Technology by 56.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 428 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 155 shares during the last quarter. Buck Wealth Strategies LLC raised its position in shares of Marvell Technology by 1,328.1% during the third 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. Finally, BluePath Capital Management LLC bought a new stake in shares of Marvell Technology during the third quarter worth $31,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MRVL shares. UBS Group boosted their target price on Marvell Technology from $70.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. KeyCorp dropped their price objective on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, April 8th. TD Cowen upped their price objective on Marvell Technology from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Raymond James upped their price objective on Marvell Technology from $62.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Finally, Summit Insights upgraded Marvell Technology from a “hold” rating to a “buy” rating in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.96.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $67.88 on Tuesday. The stock has a 50 day moving average price of $70.40 and a 200 day moving average price of $61.99. Marvell Technology, Inc. has a 52 week low of $36.90 and a 52 week high of $85.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 1.69. The stock has a market capitalization of $58.78 billion, a PE ratio of -62.85, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, March 7th. The semiconductor company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Marvell Technology had a positive return on equity of 4.96% and a negative net margin of 16.95%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Analysts predict that Marvell Technology, Inc. will post 0.72 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 12th will be paid a $0.06 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.24 annualized dividend and a yield of 0.35%. Marvell Technology’s dividend payout ratio is -22.22%.

Marvell Technology declared that its Board of Directors has authorized a share buyback program on Thursday, March 7th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 4.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $67.67, for a total value of $2,030,100.00. Following the sale, the chief executive officer now owns 762,929 shares in the company, valued at $51,627,405.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Marvell Technology news, CEO Matthew J. Murphy sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $67.67, for a total value of $2,030,100.00. Following the sale, the chief executive officer now owns 762,929 shares in the company, valued at $51,627,405.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Willem A. Meintjes sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $68.20, for a total value of $68,200.00. Following the transaction, the chief financial officer now owns 103,986 shares in the company, valued at approximately $7,091,845.20. The disclosure for this sale can be found here. Insiders have sold 73,000 shares of company stock worth $4,894,790 over the last 90 days. Company insiders own 0.45% of the company’s stock.

About Marvell Technology

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.