3,740 Shares in Marvell Technology, Inc. (NASDAQ:MRVL) Purchased by Machina Capital S.A.S.

Key Points

• Machina Capital S.A.S. has invested $230,000 by acquiring 3,740 shares in Marvell Technology, marking a significant move during the first quarter.
• Institutional investors own 83.51% of Marvell Technology's stock, indicating strong institutional interest and confidence in the company.
• Analysts have set a range of price targets for Marvell Technology's stock, with a consensus price target of $94.47, reflecting a "Moderate Buy" rating.

Machina Capital S.A.S. acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,740 shares of the semiconductor company's stock, valued at approximately $230,000.

A number of other large investors also recently modified their holdings of MRVL. Tradewinds LLC. increased its stake in shares of Marvell Technology by 0.7% during the 4th quarter. Tradewinds LLC. now owns 14,050 shares of the semiconductor company's stock worth $1,552,000 after purchasing an additional 101 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Marvell Technology by 1.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 11,344 shares of the semiconductor company's stock worth $1,253,000 after purchasing an additional 116 shares during the last quarter. Nicolet Advisory Services LLC increased its stake in shares of Marvell Technology by 3.1% during the 4th quarter. Nicolet Advisory Services LLC now owns 3,916 shares of the semiconductor company's stock worth $448,000 after purchasing an additional 118 shares during the last quarter. MV Capital Management Inc. increased its stake in shares of Marvell Technology by 19.3% during the 4th quarter. MV Capital Management Inc. now owns 835 shares of the semiconductor company's stock worth $92,000 after purchasing an additional 135 shares during the last quarter. Finally, Virtue Capital Management LLC increased its stake in shares of Marvell Technology by 2.1% during the 4th quarter. Virtue Capital Management LLC now owns 7,752 shares of the semiconductor company's stock worth $856,000 after purchasing an additional 163 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Up 0.2%

NASDAQ:MRVL traded up $0.17 during trading hours on Friday, reaching $74.21. The company had a trading volume of 9,813,678 shares, compared to its average volume of 16,248,888. 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 $64.10 billion, a price-to-earnings ratio of -130.19, a P/E/G ratio of 0.80 and a beta of 1.81. The business's 50-day simple moving average is $69.95 and its two-hundred day simple moving average is $77.67. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share 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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the firm earned $0.24 earnings per share. The business's quarterly revenue was up 63.3% compared to the same quarter last year. On average, equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 0.32%. The ex-dividend date is Friday, July 11th. Marvell Technology's dividend payout ratio (DPR) is -42.11%.

Insider Buying and Selling at Marvell Technology

In related news, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.52, for a total transaction of $102,780.00. Following the transaction, the chief financial officer directly owned 121,348 shares of the company's stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Chris Koopmans sold 6,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $65.10, for a total transaction of $390,600.00. Following the transaction, the chief operating officer directly owned 92,065 shares in the company, valued at $5,993,431.50. The trade was a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,934 shares of company stock valued at $1,187,826 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on MRVL shares. Morgan Stanley upped their price target on shares of Marvell Technology from $70.00 to $73.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Loop Capital decreased their price target on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Cantor Fitzgerald upped their price target on shares of Marvell Technology from $60.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Citigroup decreased their price target on shares of Marvell Technology from $122.00 to $96.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Redburn Atlantic started coverage on shares of Marvell Technology in a research note on Wednesday, May 28th. They issued 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 assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.47.

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.