Winch Advisory Services LLC Sells 398 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Winch Advisory Services LLC lowered its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,118 shares of the semiconductor company’s stock after selling 398 shares during the period. Marvell Technology comprises about 1.3% of Winch Advisory Services LLC’s portfolio, making the stock its 18th biggest holding. Winch Advisory Services LLC’s holdings in Marvell Technology were worth $4,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MRVL. Davidson Kempner Capital Management LP grew its stake in shares of Marvell Technology by 26.5% during the second quarter. Davidson Kempner Capital Management LP now owns 250,000 shares of the semiconductor company’s stock worth $17,482,000 after buying an additional 52,365 shares during the last quarter. Braun Stacey Associates Inc. acquired a new position in Marvell Technology in the 3rd quarter worth about $16,435,000. Charles Schwab Investment Management Inc. raised its position in Marvell Technology by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,261,887 shares of the semiconductor company’s stock valued at $235,247,000 after purchasing an additional 66,654 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Marvell Technology by 23.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,862,151 shares of the semiconductor company’s stock valued at $206,418,000 after purchasing an additional 535,203 shares in the last quarter. Finally, Franchise Capital Ltd acquired a new position in shares of Marvell Technology in the fourth quarter valued at approximately $1,476,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Stock Performance

Shares of MRVL opened at $116.00 on Thursday. The firm has a market capitalization of $100.37 billion, a P/E ratio of -68.23, a P/E/G ratio of 3.76 and a beta of 1.41. Marvell Technology, Inc. has a 52 week low of $53.19 and a 52 week high of $126.15. The stock has a 50 day moving average price of $105.61 and a two-hundred day moving average price of $83.85. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MRVL shares. Oppenheimer boosted their target price on shares of Marvell Technology from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Barclays boosted their price objective on shares of Marvell Technology from $85.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. B. Riley raised their target price on Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Susquehanna raised their price objective on Marvell Technology from $110.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, December 4th. Finally, UBS Group lifted their price objective on Marvell Technology from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $121.68.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, Director Michael G. Strachan sold 5,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $122.65, for a total value of $613,250.00. Following the completion of the sale, the director now directly owns 30,959 shares of the company’s stock, valued at approximately $3,797,121.35. This represents a 13.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $89.14, for a total transaction of $133,710.00. Following the transaction, the chief financial officer now directly owns 114,211 shares in the company, valued at approximately $10,180,768.54. This represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,500 shares of company stock worth $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.