Creative Financial Designs Inc. ADV Increases Stake in Marvell Technology, Inc. (NASDAQ:MRVL)

Creative Financial Designs Inc. ADV increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 46.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,233 shares of the semiconductor company’s stock after buying an additional 1,025 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Marvell Technology were worth $357,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Swedbank AB increased its position in shares of Marvell Technology by 1.0% in the 3rd quarter. Swedbank AB now owns 2,357,695 shares of the semiconductor company’s stock valued at $170,037,000 after purchasing an additional 23,680 shares during the last quarter. Belmont Capital LLC purchased a new stake in shares of Marvell Technology in the 3rd quarter valued at approximately $1,082,000. Whalen Wealth Management Inc. increased its position in shares of Marvell Technology by 21.6% in the 3rd quarter. Whalen Wealth Management Inc. now owns 11,826 shares of the semiconductor company’s stock valued at $853,000 after purchasing an additional 2,097 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Marvell Technology by 36.5% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 7,314 shares of the semiconductor company’s stock valued at $527,000 after purchasing an additional 1,954 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in shares of Marvell Technology by 2.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 42,186 shares of the semiconductor company’s stock valued at $3,043,000 after purchasing an additional 1,184 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Down 3.0 %

MRVL stock opened at $68.28 on Wednesday. Marvell Technology, Inc. has a one year low of $53.19 and a one year high of $127.48. The stock has a market capitalization of $59.13 billion, a PE ratio of -40.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60. The company has a fifty day moving average of $101.86 and a 200-day moving average of $93.89.

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of recent analyst reports. Needham & Company LLC dropped their price objective on shares of Marvell Technology from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. B. Riley upped their target price 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. Cantor Fitzgerald upped their target price on shares of Marvell Technology from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on shares of Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Summit Insights cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.44.

Insider Activity

In other news, EVP Mark Casper sold 2,500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $113.00, for a total value of $282,500.00. Following the completion of the transaction, the executive vice president now owns 24,706 shares in the company, valued at $2,791,778. This trade represents a 9.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the 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 $13,159,597.63. This represents a 1.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,685 shares of company stock worth $4,026,768 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

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.