Kintegral Advisory LLC Sells 3,945 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Kintegral Advisory LLC decreased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 32.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,042 shares of the semiconductor company's stock after selling 3,945 shares during the quarter. Kintegral Advisory LLC's holdings in Marvell Technology were worth $495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in Marvell Technology during the 4th quarter worth approximately $27,000. Rossby Financial LCC bought a new stake in shares of Marvell Technology in the 1st quarter valued at approximately $27,000. Security National Bank bought a new stake in shares of Marvell Technology in the 1st quarter valued at approximately $31,000. Lee Danner & Bass Inc. bought a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $35,000. Finally, Capital Analysts LLC grew its stake in Marvell Technology by 236.3% during the 4th quarter. Capital Analysts LLC now owns 343 shares of the semiconductor company's stock worth $38,000 after buying an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Performance

Shares of MRVL stock traded up $0.40 during mid-day trading on Tuesday, reaching $71.95. The stock had a trading volume of 15,785,922 shares, compared to its average volume of 15,728,809. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. The firm has a market cap of $62.15 billion, a PE ratio of -126.23, a P/E/G ratio of 0.78 and a beta of 1.81. Marvell Technology, Inc. has a one year low of $47.09 and a one year high of $127.48. The firm's 50 day simple moving average is $67.07 and its 200 day simple moving average is $81.18.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The business's revenue for the quarter was up 63.3% compared to the same quarter last year. On average, analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current 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. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.33%. Marvell Technology's dividend payout ratio (DPR) is currently -42.11%.

Wall Street Analysts Forecast Growth

MRVL has been the subject of a number of recent research reports. Morgan Stanley upped their price objective on Marvell Technology from $70.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Evercore ISI cut 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. Deutsche Bank Aktiengesellschaft reduced their target price on Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, May 30th. Loop Capital reduced their price objective on Marvell Technology from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, Citigroup reduced their price objective on Marvell Technology from $122.00 to $96.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Six investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.33.

Insider Buying and Selling

In related news, COO Chris Koopmans sold 6,000 shares of Marvell Technology stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $65.10, for a total transaction of $390,600.00. Following the completion of the sale, the chief operating officer directly owned 92,065 shares of the company's stock, valued at $5,993,431.50. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the sale, the chief financial officer directly owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,394 shares of company stock valued at $1,656,076 in the last three months. 0.33% of the stock is currently owned by company 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.