XTX Topco Ltd Has $1.08 Million Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

XTX Topco Ltd grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 58.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,513 shares of the semiconductor company's stock after acquiring an additional 6,461 shares during the quarter. XTX Topco Ltd's holdings in Marvell Technology were worth $1,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Coldstream Capital Management Inc. raised its stake in shares of Marvell Technology by 1.0% in the fourth 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. Virtue Capital Management LLC raised its position in Marvell Technology by 2.1% in the 4th quarter. Virtue Capital Management LLC now owns 7,752 shares of the semiconductor company's stock valued at $856,000 after buying an additional 163 shares during the last quarter. Kolinsky Wealth Management LLC raised its position in Marvell Technology by 3.3% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,628 shares of the semiconductor company's stock valued at $622,000 after buying an additional 181 shares during the last quarter. Wedbush Securities Inc. lifted its stake in Marvell Technology by 2.0% during the 4th quarter. Wedbush Securities Inc. now owns 10,332 shares of the semiconductor company's stock valued at $1,141,000 after acquiring an additional 198 shares in the last quarter. Finally, Alta Advisers Ltd boosted its holdings in Marvell Technology by 7.3% during the 4th quarter. Alta Advisers Ltd now owns 2,898 shares of the semiconductor company's stock worth $320,000 after acquiring an additional 198 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MRVL has been the subject of several analyst reports. Citigroup lowered their target price on shares of Marvell Technology from $122.00 to $96.00 and set a "buy" rating for the company in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marvell Technology from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Melius downgraded 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. Needham & Company LLC downgraded Marvell Technology from a "buy" rating to a "cautious" rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group began coverage on Marvell Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $75.00 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 given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Marvell Technology has an average rating of "Moderate Buy" and an average price target of $94.70.

Marvell Technology Trading Down 7.4%

NASDAQ:MRVL opened at $74.45 on Friday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The stock's fifty day moving average price is $71.59 and its two-hundred day moving average price is $76.07. 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 has a market cap of $64.31 billion, a P/E ratio of -130.61, a P/E/G ratio of 0.81 and a beta of 1.83.

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, topping analysts' consensus estimates 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 business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the prior year, the firm posted $0.24 EPS. The firm's quarterly revenue was up 63.3% on a year-over-year basis. As a group, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were paid a $0.06 dividend. The ex-dividend date was Friday, July 11th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology's dividend payout ratio is currently -42.11%.

Insider Activity

In related news, COO Chris Koopmans sold 6,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $65.10, for a total value of $390,600.00. Following the sale, the chief operating officer owned 92,065 shares in the company, valued at approximately $5,993,431.50. This trade represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,434 shares of company stock valued at $1,097,826. 0.19% of the stock is 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.

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