YHB Investment Advisors Inc. Trims Stock Holdings in Marvell Technology, Inc. (NASDAQ:MRVL)

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YHB Investment Advisors Inc. lowered its holdings in Marvell Technology, Inc. (NASDAQ:MRVLGet Rating) by 22.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,858 shares of the semiconductor company’s stock after selling 843 shares during the period. YHB Investment Advisors Inc.’s holdings in Marvell Technology were worth $205,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Gilbert & Cook Inc. raised its stake in Marvell Technology by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 8,802 shares of the semiconductor company’s stock valued at $770,000 after buying an additional 143 shares in the last quarter. Allworth Financial LP raised its stake in Marvell Technology by 13.6% during the fourth quarter. Allworth Financial LP now owns 1,195 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 143 shares in the last quarter. Ambassador Advisors LLC raised its stake in Marvell Technology by 3.2% during the fourth quarter. Ambassador Advisors LLC now owns 4,854 shares of the semiconductor company’s stock valued at $424,000 after buying an additional 151 shares in the last quarter. HM Payson & Co. raised its stake in Marvell Technology by 52.5% during the third quarter. HM Payson & Co. now owns 453 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 156 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Marvell Technology by 7.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,318 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 158 shares during the period. 83.11% of the stock is owned by hedge funds and other institutional investors.

In other Marvell Technology news, CEO Matthew J. Murphy sold 30,000 shares of the company’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $60.64, for a total transaction of $1,819,200.00. Following the completion of the sale, the chief executive officer now owns 501,886 shares in the company, valued at approximately $30,434,367.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Muhammad Raghib Hussain sold 45,782 shares of the company’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $61.08, for a total transaction of $2,796,364.56. Following the sale, the insider now owns 618,298 shares of the company’s stock, valued at approximately $37,765,641.84. The disclosure for this sale can be found here. Insiders sold a total of 201,216 shares of company stock valued at $12,895,253 in the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

A number of brokerages have recently weighed in on MRVL. Raymond James reiterated a “buy” rating and set a $80.00 price target on shares of Marvell Technology in a research report on Friday, May 27th. Cowen lowered their target price on Marvell Technology from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. Piper Sandler lowered their target price on Marvell Technology from $100.00 to $80.00 in a research report on Friday, March 4th. Susquehanna Bancshares lowered their target price on Marvell Technology from $105.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, May 25th. Finally, Wells Fargo & Company lowered their target price on Marvell Technology from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, March 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.77.

NASDAQ MRVL opened at $48.22 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average is $55.75 and its two-hundred day moving average is $67.65. The company has a market capitalization of $40.98 billion, a price-to-earnings ratio of -79.05, a PEG ratio of 1.52 and a beta of 1.27. Marvell Technology, Inc. has a 1-year low of $43.68 and a 1-year high of $93.85.

Marvell Technology (NASDAQ:MRVLGet Rating) last posted its earnings results on Thursday, May 26th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Marvell Technology had a negative net margin of 9.82% and a positive return on equity of 6.92%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. Marvell Technology’s quarterly revenue was up 73.8% compared to the same quarter last year. On average, analysts predict that Marvell Technology, Inc. will post 1.7 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Friday, July 8th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.50%. The ex-dividend date is Thursday, July 7th. Marvell Technology’s dividend payout ratio (DPR) is presently -39.34%.

Marvell Technology Company Profile (Get Rating)

Marvell Technology, Inc, together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors.

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)



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