5,000 Shares in Marvell Technology, Inc. (NASDAQ:MRVL) Acquired by Cambridge Trust Co.

Cambridge Trust Co. bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,000 shares of the semiconductor company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group raised its position in shares of Marvell Technology by 46.2% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 522 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 165 shares during the last quarter. Waterfront Wealth Inc. raised its position in shares of Marvell Technology by 1.4% in the fourth quarter. Waterfront Wealth Inc. now owns 15,193 shares of the semiconductor company’s stock valued at $916,000 after buying an additional 216 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Marvell Technology in the fourth quarter valued at about $263,000. Quantum Private Wealth LLC raised its position in shares of Marvell Technology by 1.0% in the fourth quarter. Quantum Private Wealth LLC now owns 34,227 shares of the semiconductor company’s stock valued at $2,064,000 after buying an additional 335 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of Marvell Technology by 74.9% in the fourth quarter. Avior Wealth Management LLC now owns 3,269 shares of the semiconductor company’s stock valued at $197,000 after buying an additional 1,400 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marvell Technology

In related news, EVP Chris Koopmans sold 5,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $71.25, for a total transaction of $356,250.00. Following the completion of the transaction, the executive vice president now directly owns 109,117 shares of the company’s stock, valued at $7,774,586.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Chris Koopmans sold 5,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $71.25, for a total transaction of $356,250.00. Following the transaction, the executive vice president now owns 109,117 shares of the company’s stock, valued at $7,774,586.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Willem A. Meintjes sold 1,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $68.20, for a total value of $68,200.00. Following the transaction, the chief financial officer now directly owns 103,986 shares in the company, valued at approximately $7,091,845.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,000 shares of company stock worth $7,315,640. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. KeyCorp dropped their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, April 8th. B. Riley reaffirmed a “buy” rating and set a $95.00 price objective (up previously from $85.00) on shares of Marvell Technology in a research report on Monday, March 4th. Evercore ISI initiated coverage on shares of Marvell Technology in a report on Tuesday. They issued an “outperform” rating and a $88.00 target price for the company. Roth Mkm reissued a “buy” rating and issued a $95.00 target price on shares of Marvell Technology in a research report on Friday, April 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $86.00 price objective on shares of Marvell Technology in a report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average price target of $81.13.

Marvell Technology Trading Down 4.8 %

MRVL opened at $62.13 on Friday. The firm has a market cap of $53.80 billion, a price-to-earnings ratio of -57.53, a price-to-earnings-growth ratio of 4.77 and a beta of 1.50. Marvell Technology, Inc. has a 52 week low of $36.90 and a 52 week high of $85.76. The business’s 50 day moving average is $70.12 and its two-hundred day moving average is $62.20. The company has a quick ratio of 1.21, a current ratio of 1.69 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, March 7th. The semiconductor company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. Marvell Technology had a negative net margin of 16.95% and a positive return on equity of 4.96%. Marvell Technology’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, research analysts predict that Marvell Technology, Inc. will post 0.72 EPS for the current year.

Marvell Technology declared that its Board of Directors has authorized a share buyback program on Thursday, March 7th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 4.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 12th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, April 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.39%. Marvell Technology’s payout ratio is currently -22.22%.

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.