Generali Investments Towarzystwo Funduszy Inwestycyjnych Increases Stock Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 57.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,500 shares of the semiconductor company's stock after purchasing an additional 15,200 shares during the quarter. Marvell Technology comprises 1.6% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's portfolio, making the stock its 18th biggest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Marvell Technology were worth $2,555,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Analysts LLC boosted its holdings in shares of Marvell Technology by 236.3% in the 4th quarter. Capital Analysts LLC now owns 343 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 241 shares during the period. Chelsea Counsel Co. purchased a new position in shares of Marvell Technology in the 4th quarter worth approximately $44,000. Bernard Wealth Management Corp. purchased a new position in shares of Marvell Technology in the 4th quarter worth approximately $45,000. Hughes Financial Services LLC purchased a new position in shares of Marvell Technology in the 1st quarter worth approximately $26,000. Finally, Johnson Financial Group Inc. boosted its holdings in shares of Marvell Technology by 125.0% in the 4th quarter. Johnson Financial Group Inc. now owns 423 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 235 shares during the period. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Buying and Selling

In other news, COO Chris Koopmans sold 6,000 shares of the business's stock in a transaction on Thursday, May 15th. The stock was 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. The trade was a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,434 shares of company stock valued at $1,097,826. 0.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MRVL. Evercore ISI dropped their target price on Marvell Technology from $135.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Barclays dropped their price objective on Marvell Technology from $130.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley boosted their price objective on Marvell Technology from $73.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday. Susquehanna dropped their price objective on Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a report on Tuesday, May 27th. Finally, UBS Group restated a "buy" rating on shares of Marvell Technology in a report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $94.70.

Marvell Technology Trading Down 7.4%

MRVL opened at $74.45 on Friday. The firm has a market cap of $64.31 billion, a price-to-earnings ratio of -130.61, a PEG ratio of 0.81 and a beta of 1.83. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The stock has a fifty day moving average price of $71.59 and a 200-day moving average price of $76.07.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly 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. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%. The business's revenue for the quarter was up 63.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's payout ratio is presently -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.

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