DCF Advisers LLC Has $1.69 Million Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Key Points

• DCF Advisers LLC increased its stake in Marvell Technology by 89.7%, acquiring an additional 13,000 shares in the first quarter, bringing its total holdings to 27,500 shares valued at approximately $1.69 million.
• Following a positive quarterly earnings report, Marvell Technology has seen several institutional investors change their positions, with 83.51% of its stock currently owned by these entities.
• Marvell announced a $0.06 quarterly dividend, representing a 0.3% yield, paid out on July 31st, indicating a commitment to returning value to shareholders despite a negative payout ratio.

DCF Advisers LLC grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 89.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,500 shares of the semiconductor company's stock after acquiring an additional 13,000 shares during the quarter. DCF Advisers LLC's holdings in Marvell Technology were worth $1,693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MRVL. Hughes Financial Services LLC bought a new position in Marvell Technology during the 1st quarter worth approximately $26,000. Rossby Financial LCC acquired a new stake in shares of Marvell Technology during the 1st quarter worth approximately $27,000. Security National Bank acquired a new stake in Marvell Technology in the 1st quarter valued at approximately $31,000. Capital Analysts LLC increased its position in Marvell Technology by 236.3% in the 4th quarter. Capital Analysts LLC now owns 343 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 241 shares during the period. Finally, Garde Capital Inc. acquired a new position in shares of Marvell Technology during the 1st quarter valued at $39,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the transaction, the executive vice president directly owned 17,163 shares in the company, valued at $1,241,743.05. This represents a 14.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction of $102,780.00. Following the transaction, the chief financial officer owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. This represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,434 shares of company stock worth $1,097,826 in the last 90 days. Company insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MRVL. TD Cowen lifted their price target on Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Stifel Nicolaus reduced their price objective on Marvell Technology from $115.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Benchmark reaffirmed a "buy" rating and issued a $95.00 price target on shares of Marvell Technology in a research report on Wednesday, June 18th. Melius Research lifted their price objective on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research note on Wednesday, June 18th. Finally, Redburn Atlantic started coverage on Marvell Technology in a research note on Wednesday, May 28th. They set a "neutral" rating and a $67.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $94.70.

Marvell Technology Trading Up 2.8%

Shares of Marvell Technology stock traded up $2.08 on Monday, hitting $76.53. 11,851,922 shares of the company's stock traded hands, compared to its average volume of 17,649,744. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The firm's 50-day moving average price is $71.91 and its two-hundred day moving average price is $75.44. The stock has a market capitalization of $66.11 billion, a PE ratio of -134.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the prior year, the company earned $0.24 EPS. The firm's quarterly revenue was up 63.3% on a year-over-year basis. On average, research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, July 11th. Marvell Technology's dividend payout ratio is -42.11%.

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.