MeadowBrook Investment Advisors LLC Lowers Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

MeadowBrook Investment Advisors LLC trimmed its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,335 shares of the semiconductor company’s stock after selling 605 shares during the period. Marvell Technology comprises about 1.4% of MeadowBrook Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest position. MeadowBrook Investment Advisors LLC’s holdings in Marvell Technology were worth $1,583,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Schear Investment Advisers LLC increased its holdings in shares of Marvell Technology by 5.6% in the fourth quarter. Schear Investment Advisers LLC now owns 28,027 shares of the semiconductor company’s stock worth $3,096,000 after purchasing an additional 1,495 shares during the last quarter. Warther Private Wealth LLC bought a new stake in shares of Marvell Technology in the fourth quarter worth about $229,000. L. Roy Papp & Associates LLP increased its holdings in shares of Marvell Technology by 0.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 107,895 shares of the semiconductor company’s stock worth $11,917,000 after purchasing an additional 276 shares during the last quarter. Compound Global Advisors LLC bought a new stake in shares of Marvell Technology in the fourth quarter worth about $304,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Marvell Technology in the fourth quarter worth about $337,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $135.00 target price (up from $115.00) on shares of Marvell Technology in a report on Wednesday, December 4th. Evercore ISI boosted their price objective on Marvell Technology from $98.00 to $122.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. StockNews.com raised Marvell Technology from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th. Bank of America boosted their price objective on Marvell Technology from $108.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, UBS Group boosted 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 research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $127.60.

Insiders Place Their Bets

In other news, EVP Chris Koopmans sold 6,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $89.14, for a total transaction of $534,840.00. Following the sale, the executive vice president now directly owns 103,244 shares of the company’s stock, valued at $9,203,170.16. This represents a 5.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $122.50, for a total transaction of $183,750.00. Following the sale, the chief financial officer now directly owns 112,711 shares in the company, valued at approximately $13,807,097.50. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,755 shares of company stock valued at $4,361,430. Company insiders own 0.33% of the company’s stock.

Marvell Technology Price Performance

Shares of MRVL opened at $109.12 on Wednesday. The business’s 50-day moving average is $114.53 and its two-hundred day moving average is $89.94. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a fifty-two week low of $53.19 and a fifty-two week high of $127.48.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Friday, January 10th. Marvell Technology’s dividend payout ratio is currently -14.12%.

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.