Marvell Technology, Inc. (NASDAQ:MRVL) Shares Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. increased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 210.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,846 shares of the semiconductor company’s stock after acquiring an additional 10,068 shares during the period. Lecap Asset Management Ltd.’s holdings in Marvell Technology were worth $1,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Marvell Technology in the 4th quarter worth approximately $182,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Marvell Technology by 0.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,053,133 shares of the semiconductor company’s stock worth $226,769,000 after buying an additional 5,561 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in Marvell Technology by 7,866,566.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 472,000 shares of the semiconductor company’s stock worth $52,132,000 after buying an additional 471,994 shares during the last quarter. Consolidated Portfolio Review Corp bought a new position in shares of Marvell Technology in the fourth quarter valued at $259,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Marvell Technology by 48.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 112 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Trading Up 2.4 %

NASDAQ:MRVL opened at $119.24 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $113.59 and its 200-day moving average is $88.68. The firm has a market cap of $103.18 billion, a price-to-earnings ratio of -70.14, a P/E/G ratio of 3.71 and a beta of 1.40. Marvell Technology, Inc. has a 12 month low of $53.19 and a 12 month high of $127.48.

Marvell Technology Dividend Announcement

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

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $118.33, for a total transaction of $177,495.00. Following the completion of the transaction, the chief financial officer now owns 111,211 shares of the company’s stock, valued at approximately $13,159,597.63. This represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Chris Koopmans sold 6,000 shares of Marvell Technology stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $89.14, for a total value of $534,840.00. Following the sale, the executive vice president now directly owns 103,244 shares in the company, valued at approximately $9,203,170.16. This trade represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,755 shares of company stock worth $4,361,430 over the last three months. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of recent analyst reports. StockNews.com raised Marvell Technology from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th. Morgan Stanley cut their price objective on Marvell Technology from $120.00 to $113.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Rosenblatt Securities raised their target price on shares of Marvell Technology from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. B. Riley boosted their price target on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Loop Capital raised their price objective on shares of Marvell Technology from $95.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.60.

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.