Robeco Schweiz AG Sells 264,620 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)

Robeco Schweiz AG lessened its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 20.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,008,780 shares of the semiconductor company's stock after selling 264,620 shares during the period. Marvell Technology comprises 1.5% of Robeco Schweiz AG's portfolio, making the stock its 23rd largest position. Robeco Schweiz AG owned 0.12% of Marvell Technology worth $62,111,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Intrepid Financial Planning Group LLC boosted its holdings in Marvell Technology by 0.3% in the fourth quarter. Intrepid Financial Planning Group LLC now owns 25,890 shares of the semiconductor company's stock worth $2,860,000 after purchasing an additional 90 shares during the period. PDS Planning Inc lifted its position in shares of Marvell Technology by 3.3% in the 4th quarter. PDS Planning Inc now owns 2,888 shares of the semiconductor company's stock worth $319,000 after buying an additional 92 shares during the last quarter. Tradewinds LLC. lifted its position in shares of Marvell Technology by 0.7% in the 4th quarter. Tradewinds LLC. now owns 14,050 shares of the semiconductor company's stock worth $1,552,000 after buying an additional 101 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Marvell Technology by 1.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 11,344 shares of the semiconductor company's stock valued at $1,253,000 after buying an additional 116 shares during the period. Finally, Nicolet Advisory Services LLC grew its position 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 valued at $448,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Activity at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 626 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $61.10, for a total value of $38,248.60. Following the transaction, the executive vice president owned 626 shares in the company, valued at approximately $38,248.60. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.52, for a total transaction of $102,780.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 27,394 shares of company stock valued at $1,656,076 over the last ninety days. 0.19% of the stock is owned by company insiders.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL traded down $0.65 on Friday, reaching $72.71. 9,957,323 shares of the company traded hands, compared to its average volume of 15,795,669. The stock has a market capitalization of $62.81 billion, a PE ratio of -127.56, a P/E/G ratio of 0.79 and a beta of 1.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. The company's 50 day moving average is $67.80 and its 200-day moving average is $80.29. Marvell Technology, Inc. has a fifty-two week low of $47.09 and a fifty-two week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The business's revenue for the quarter was up 63.3% compared to the same quarter last year. As a group, analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 11th will be issued a $0.06 dividend. The ex-dividend date is Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.33%. Marvell Technology's dividend payout ratio is -42.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MRVL shares. Wall Street Zen cut shares of Marvell Technology from a "buy" rating to a "hold" rating in a report on Saturday. Melius Research raised their price target on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, June 18th. UBS Group restated a "buy" rating on shares of Marvell Technology in a research report on Monday, June 2nd. Susquehanna lowered their price objective on Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a research note on Tuesday, May 27th. Finally, Melius cut Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 target price on the stock. in a research note on Thursday, May 22nd. Eight investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.