Blair William & Co. IL Has $60.24 Million Stake in Marvell Technology, Inc. (NASDAQ:MRVL)

Blair William & Co. IL lowered its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 545,388 shares of the semiconductor company’s stock after selling 23,888 shares during the period. Blair William & Co. IL owned about 0.06% of Marvell Technology worth $60,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howe & Rusling Inc. boosted its stake in Marvell Technology by 14.5% in the 4th quarter. Howe & Rusling Inc. now owns 3,362 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 427 shares in the last quarter. NEOS Investment Management LLC boosted its stake in shares of Marvell Technology by 20.8% in the 4th quarter. NEOS Investment Management LLC now owns 61,612 shares of the semiconductor company’s stock valued at $6,805,000 after purchasing an additional 10,600 shares in the last quarter. Sava Infond d.o.o. bought a new stake in shares of Marvell Technology in the 4th quarter worth about $6,737,000. Artisan Partners Limited Partnership increased its position in shares of Marvell Technology by 98.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,100,825 shares of the semiconductor company’s stock worth $452,936,000 after purchasing an additional 2,034,353 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Marvell Technology by 10.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 709,998 shares of the semiconductor company’s stock valued at $83,908,000 after buying an additional 65,922 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $64.86 on Friday. The company has a fifty day moving average price of $95.30 and a 200 day moving average price of $93.52. Marvell Technology, Inc. has a 1-year low of $53.19 and a 1-year high of $127.48. The firm has a market cap of $56.17 billion, a PE ratio of -38.15, a PEG ratio of 1.61 and a beta of 1.42. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, April 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. Marvell Technology’s payout ratio is presently -23.53%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Marvell Technology from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th. B. Riley lifted their price objective on Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Summit Insights cut Marvell Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. UBS Group lifted their price target on Marvell Technology from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Citigroup decreased their price objective on shares of Marvell Technology from $136.00 to $122.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $120.44.

Insider Activity at Marvell Technology

In other news, CAO Panteha Dixon sold 1,430 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $68.75, for a total transaction of $98,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 31,100 shares in the company, valued at $2,138,125. This represents a 4.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark Casper sold 2,500 shares of Marvell Technology 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 sale, the executive vice president now directly owns 24,706 shares in the company, valued at approximately $2,791,778. This represents a 9.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,685 shares of company stock valued at $4,026,768. 0.33% of the stock is owned by insiders.

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.