Brevan Howard Capital Management LP Has $4.76 Million Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Brevan Howard Capital Management LP boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 335.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,083 shares of the semiconductor company's stock after purchasing an additional 33,183 shares during the period. Brevan Howard Capital Management LP's holdings in Marvell Technology were worth $4,759,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bridgefront Capital LLC bought a new stake in shares of Marvell Technology in the 4th quarter valued at $887,000. Cary Street Partners Financial LLC acquired a new stake in shares of Marvell Technology during the fourth quarter worth $253,000. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Marvell Technology during the 4th quarter worth $5,037,000. Bain Capital Public Equity Management II LLC bought a new position in shares of Marvell Technology in the 4th quarter valued at $38,727,000. Finally, Bain Capital Public Equity LP acquired a new stake in Marvell Technology in the fourth quarter valued at approximately $6,499,000. 83.51% of the stock is currently owned by institutional investors.

Insider Activity at Marvell Technology

In related news, CAO Panteha Dixon sold 1,430 shares of Marvell Technology stock in a transaction on Monday, March 17th. The shares were sold at an average price of $68.75, for a total transaction of $98,312.50. Following the sale, the chief accounting officer now owns 31,100 shares of the company's stock, valued at $2,138,125. The trade was a 4.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brad W. Buss bought 3,000 shares of Marvell Technology stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $69.00 per share, with a total value of $207,000.00. Following the completion of the purchase, the director now owns 87,113 shares in the company, valued at approximately $6,010,797. The trade was a 3.57 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 28,890 shares of company stock valued at $2,027,938. Company insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MRVL. Raymond James set a $110.00 target price on shares of Marvell Technology in a research report on Thursday, March 6th. StockNews.com upgraded Marvell Technology from a "sell" rating to a "hold" rating in a research note on Thursday, January 9th. Benchmark cut their price objective on Marvell Technology from $135.00 to $95.00 and set a "buy" rating on the stock in a research report on Wednesday. Melius Research raised shares of Marvell Technology to a "strong-buy" rating in a report on Monday, January 27th. Finally, William Blair upgraded shares of Marvell Technology to a "strong-buy" rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $110.30.

Marvell Technology Price Performance

Shares of MRVL traded down $4.91 during trading hours on Wednesday, reaching $56.31. The company had a trading volume of 40,338,206 shares, compared to its average volume of 13,841,028. The company has a market capitalization of $48.64 billion, a price-to-earnings ratio of -33.12, a PEG ratio of 1.61 and a beta of 1.83. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a 50 day simple moving average of $62.33 and a 200-day simple moving average of $89.62. Marvell Technology, Inc. has a 12-month low of $47.09 and a 12-month high of $127.48.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Friday, April 11th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.43%. The ex-dividend date was Friday, April 11th. Marvell Technology's payout ratio is -23.53%.

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.