Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 954,727 shares of the semiconductor company's stock, valued at approximately $105,450,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Marvell Technology at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MRVL. Invesco Ltd. raised its holdings in shares of Marvell Technology by 30.1% during the fourth quarter. Invesco Ltd. now owns 16,157,979 shares of the semiconductor company's stock worth $1,784,649,000 after purchasing an additional 3,737,705 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Marvell Technology by 6.9% during the fourth quarter. Janus Henderson Group PLC now owns 13,239,154 shares of the semiconductor company's stock worth $1,462,274,000 after purchasing an additional 857,087 shares during the period. Wellington Management Group LLP raised its holdings in shares of Marvell Technology by 43.1% during the fourth quarter. Wellington Management Group LLP now owns 12,442,302 shares of the semiconductor company's stock worth $1,374,252,000 after purchasing an additional 3,747,982 shares during the period. Geode Capital Management LLC raised its holdings in shares of Marvell Technology by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 11,468,144 shares of the semiconductor company's stock worth $1,263,755,000 after purchasing an additional 80,005 shares during the period. Finally, Norges Bank acquired a new stake in shares of Marvell Technology during the fourth quarter worth $1,138,354,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL traded up $0.77 during trading hours on Wednesday, hitting $64.59. 23,176,762 shares of the company's stock traded hands, compared to its average volume of 14,285,256. Marvell Technology, Inc. has a 52 week low of $47.09 and a 52 week high of $127.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60. The company's fifty day simple moving average is $59.14 and its two-hundred day simple moving average is $87.29. The company has a market cap of $55.79 billion, a price-to-earnings ratio of -37.99, a price-to-earnings-growth ratio of 1.61 and a beta of 1.83.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Friday, April 11th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Friday, April 11th. Marvell Technology's payout ratio is -23.53%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen dropped their price objective on shares of Marvell Technology from $125.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Susquehanna dropped their price objective on shares of Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a report on Tuesday. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Marvell Technology in a report on Thursday, March 6th. Redburn Atlantic assumed coverage on shares of Marvell Technology in a report on Wednesday. They issued a "neutral" rating and a $67.00 price objective on the stock. Finally, Barclays dropped their price objective on shares of Marvell Technology from $130.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and an average target price of $101.93.

Insiders Place Their Bets

In related news, Director Brad W. Buss purchased 3,000 shares of Marvell Technology stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $69.00 per share, with a total value of $207,000.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $685,300.00. The disclosure for this sale can be found here. Insiders sold a total of 33,541 shares of company stock worth $2,079,948 over the last ninety days. 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.