Quantinno Capital Management LP Has $6.84 Million Stock Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

Quantinno Capital Management LP grew its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,913 shares of the semiconductor company's stock after purchasing an additional 9,865 shares during the period. Quantinno Capital Management LP's holdings in Marvell Technology were worth $6,838,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Intrepid Financial Planning Group LLC increased its position in shares of Marvell Technology by 0.3% during the fourth quarter. Intrepid Financial Planning Group LLC now owns 25,890 shares of the semiconductor company's stock worth $2,860,000 after acquiring an additional 90 shares in the last quarter. PDS Planning Inc increased its position in shares of Marvell Technology by 3.3% during the fourth quarter. PDS Planning Inc now owns 2,888 shares of the semiconductor company's stock worth $319,000 after acquiring an additional 92 shares in the last quarter. Lodestone Wealth Management LLC increased its position in shares of Marvell Technology by 2.0% during the fourth quarter. Lodestone Wealth Management LLC now owns 4,655 shares of the semiconductor company's stock worth $514,000 after acquiring an additional 93 shares in the last quarter. Valley National Advisers Inc. increased its position in shares of Marvell Technology by 0.4% during the fourth quarter. Valley National Advisers Inc. now owns 25,135 shares of the semiconductor company's stock worth $2,775,000 after acquiring an additional 96 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Marvell Technology by 2.7% during the fourth quarter. Private Trust Co. NA now owns 3,744 shares of the semiconductor company's stock worth $414,000 after acquiring an additional 97 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 12,460 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $55.00, for a total transaction of $685,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Panteha Dixon sold 1,239 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $65.01, for a total transaction of $80,547.39. Following the sale, the chief accounting officer now directly owns 30,855 shares in the company, valued at $2,005,883.55. The trade was a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,915 shares of company stock valued at $2,679,800 in the last ninety days. 0.19% of the stock is currently owned by insiders.

Marvell Technology Price Performance

MRVL stock opened at $63.76 on Friday. The company has a 50 day simple moving average of $60.36 and a 200 day simple moving average of $88.68. The stock has a market cap of $55.08 billion, a price-to-earnings ratio of -37.51, a P/E/G ratio of 1.61 and a beta of 1.83. Marvell Technology, Inc. has a 1 year low of $47.09 and a 1 year high of $127.48. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Friday, April 11th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Friday, April 11th. Marvell Technology's dividend payout ratio is -23.53%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Marvell Technology in a research report on Thursday, March 6th. Roth Capital set a $100.00 target price on shares of Marvell Technology in a research report on Thursday, March 6th. Bank of America decreased their target price on shares of Marvell Technology from $120.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus decreased 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. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $140.00 target price on shares of Marvell Technology in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Marvell Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.27.

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.

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