Cwm LLC Has $10.45 Million Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

CWM LLC boosted its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 525.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 169,722 shares of the semiconductor company's stock after acquiring an additional 142,604 shares during the period. CWM LLC's holdings in Marvell Technology were worth $10,450,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Marvell Technology during the fourth quarter worth about $234,000. Dynamic Advisor Solutions LLC lifted its position in Marvell Technology by 5.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock valued at $266,000 after purchasing an additional 206 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Marvell Technology in the fourth quarter valued at approximately $45,211,000. Yousif Capital Management LLC lifted its position in Marvell Technology by 8.4% in the first quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock valued at $927,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. bought a new stake in Marvell Technology in the fourth quarter valued at approximately $46,389,000. 83.51% of the stock is currently owned by institutional investors.

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans sold 6,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $65.10, for a total value of $390,600.00. Following the completion of the transaction, the chief operating officer directly owned 92,065 shares of the company's stock, valued at approximately $5,993,431.50. This represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Panteha Dixon sold 1,286 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $65.00, for a total transaction of $83,590.00. Following the sale, the chief accounting officer directly owned 32,094 shares in the company, valued at $2,086,110. This trade represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,394 shares of company stock worth $1,656,076. Company insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MRVL. Evercore ISI decreased their price objective on Marvell Technology from $135.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 30th. B. Riley reaffirmed a "buy" rating and set a $115.00 price objective (up from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft lowered their target price on Marvell Technology from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wall Street Zen downgraded Marvell Technology from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Needham & Company LLC reissued a "buy" rating and set a $85.00 target price on shares of Marvell Technology in a research note on Wednesday, June 18th. Eight analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.47.

Marvell Technology Stock Down 0.1%

Shares of NASDAQ MRVL traded down $0.10 during mid-day trading on Tuesday, reaching $72.41. The company had a trading volume of 15,652,536 shares, compared to its average volume of 15,780,187. Marvell Technology, Inc. has a twelve month low of $47.09 and a twelve month high of $127.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30. The stock has a market capitalization of $62.55 billion, a PE ratio of -127.04, a price-to-earnings-growth ratio of 0.79 and a beta of 1.81. The stock's 50 day moving average is $67.80 and its 200-day moving average is $80.05.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business posted $0.24 earnings per share. The business's quarterly revenue was up 63.3% on a year-over-year basis. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 11th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Friday, July 11th. Marvell Technology's dividend payout ratio (DPR) is currently -42.11%.

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.