Siemens Fonds Invest GmbH Has $198,000 Stake in Marvell Technology, Inc. (NASDAQ:MRVL)

Siemens Fonds Invest GmbH trimmed its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 93.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,790 shares of the semiconductor company's stock after selling 27,676 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Marvell Technology were worth $198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brookstone Capital Management increased its stake in shares of Marvell Technology by 16.0% in the 4th quarter. Brookstone Capital Management now owns 3,473 shares of the semiconductor company's stock valued at $384,000 after buying an additional 478 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Marvell Technology by 6.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 13,179 shares of the semiconductor company's stock valued at $1,456,000 after acquiring an additional 802 shares during the last quarter. Procyon Advisors LLC increased its position in Marvell Technology by 27.4% in the fourth quarter. Procyon Advisors LLC now owns 7,767 shares of the semiconductor company's stock worth $858,000 after purchasing an additional 1,671 shares during the period. Merit Financial Group LLC raised its holdings in Marvell Technology by 57.5% during the 4th quarter. Merit Financial Group LLC now owns 9,432 shares of the semiconductor company's stock worth $1,042,000 after purchasing an additional 3,443 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. acquired a new position in Marvell Technology during the 4th quarter valued at about $253,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Stock Performance

MRVL stock traded down $1.31 during trading hours on Wednesday, reaching $60.11. The stock had a trading volume of 13,992,519 shares, compared to its average volume of 14,133,432. The stock has a 50-day simple moving average of $60.07 and a 200 day simple moving average of $88.44. Marvell Technology, Inc. has a fifty-two week low of $47.09 and a fifty-two week high of $127.48. The stock has a market capitalization of $51.92 billion, a PE ratio of -35.36, a price-to-earnings-growth ratio of 1.61 and a beta of 1.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Friday, April 11th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.40%. The ex-dividend date was Friday, April 11th. Marvell Technology's dividend payout ratio is -23.53%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MRVL shares. Melius Research raised shares of Marvell Technology to a "strong-buy" rating in a research note on Monday, January 27th. Stifel Nicolaus dropped their target price on shares of Marvell Technology from $115.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Raymond James set a $110.00 price target on Marvell Technology in a research note on Thursday, March 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $140.00 price objective on shares of Marvell Technology in a report on Thursday, March 6th. Finally, Melius assumed coverage on Marvell Technology in a research note on Monday, January 27th. They issued a "buy" rating and a $188.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $110.69.

Insiders Place Their Bets

In other news, Director Brad W. Buss bought 3,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $69.00 per share, with a total value of $207,000.00. Following the completion of the transaction, the director now owns 87,113 shares of the company's stock, valued at $6,010,797. This trade represents a 3.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark Casper sold 12,460 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $685,300.00. The disclosure for this sale can be found here. Insiders sold a total of 33,541 shares of company stock valued at $2,079,948 over the last ninety days. 0.19% of the stock is currently owned by company insiders.

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.