Tsfg LLC Has $176,000 Position in Marvell Technology, Inc. (NASDAQ:MRVL)

Tsfg LLC lifted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 7.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,593 shares of the semiconductor company’s stock after buying an additional 111 shares during the quarter. Tsfg LLC’s holdings in Marvell Technology were worth $176,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MRVL. Courier Capital LLC bought a new stake in shares of Marvell Technology during the fourth quarter worth approximately $221,000. Parisi Gray Wealth Management lifted its holdings in Marvell Technology by 196.6% during the 4th quarter. Parisi Gray Wealth Management now owns 12,342 shares of the semiconductor company’s stock worth $1,363,000 after purchasing an additional 8,181 shares during the last quarter. Miracle Mile Advisors LLC boosted its stake in Marvell Technology by 0.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 24,773 shares of the semiconductor company’s stock valued at $2,736,000 after purchasing an additional 147 shares during the period. Northstar Advisory Group LLC acquired a new position in Marvell Technology in the 4th quarter valued at $2,419,000. Finally, Sunflower Bank N.A. increased its position in Marvell Technology by 4.8% during the 4th quarter. Sunflower Bank N.A. now owns 3,003 shares of the semiconductor company’s stock worth $332,000 after buying an additional 138 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $115.15 on Tuesday. The stock’s 50-day moving average is $103.93 and its 200-day moving average is $82.98. The stock has a market cap of $99.64 billion, a P/E ratio of -67.73, a price-to-earnings-growth ratio of 4.03 and a beta of 1.41. Marvell Technology, Inc. has a 1-year low of $53.19 and a 1-year high of $126.15. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.21%. The ex-dividend date is Friday, January 10th. Marvell Technology’s dividend payout ratio (DPR) is currently -14.12%.

Insider Activity

In related news, Director Michael G. Strachan sold 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 30,959 shares of the company’s stock, valued at $3,797,121.35. This trade represents a 13.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Chris Koopmans sold 6,000 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $80.77, for a total value of $484,620.00. Following the completion of the sale, the executive vice president now owns 109,244 shares in the company, valued at $8,823,637.88. This trade represents a 5.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,500 shares of company stock valued at $2,967,670. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Loop Capital upped their price target on shares of Marvell Technology from $95.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Craig Hallum increased their target price on shares of Marvell Technology from $132.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Marvell Technology from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday. Barclays boosted their price target on Marvell Technology from $85.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Rosenblatt Securities raised their price objective on Marvell Technology from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $121.68.

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.