Marvell Semiconductor, Inc. Ca Sells 1,512 Shares of Marvell Technology Group Ltd. (MRVL) Stock

Marvell Technology Group Ltd. (NASDAQ:MRVL) insider Marvell Semiconductor, Inc. Ca sold 1,512 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $23.86, for a total value of $36,076.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Marvell Semiconductor, Inc. Ca also recently made the following trade(s):

  • On Friday, December 1st, Marvell Semiconductor, Inc. Ca sold 9,812 shares of Marvell Technology Group stock. The stock was sold at an average price of $21.20, for a total value of $208,014.40.

Marvell Technology Group Ltd. (NASDAQ MRVL) traded down $0.01 during trading hours on Friday, reaching $23.68. The company’s stock had a trading volume of 7,503,114 shares, compared to its average volume of 6,283,423. Marvell Technology Group Ltd. has a one year low of $13.83 and a one year high of $24.22. The stock has a market capitalization of $11,631.62, a price-to-earnings ratio of 30.75, a PEG ratio of 1.43 and a beta of 1.12.

Marvell Technology Group (NASDAQ:MRVL) last released its quarterly earnings data on Tuesday, November 28th. The semiconductor company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Marvell Technology Group had a return on equity of 11.93% and a net margin of 16.53%. The company had revenue of $616.00 million for the quarter, compared to analyst estimates of $613.49 million. During the same period last year, the company posted $0.20 earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. equities research analysts expect that Marvell Technology Group Ltd. will post 1.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 27th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 26th. This represents a $0.24 annualized dividend and a dividend yield of 1.01%. Marvell Technology Group’s dividend payout ratio is presently 31.17%.

A number of research analysts have weighed in on MRVL shares. Cowen reissued a “buy” rating on shares of Marvell Technology Group in a research note on Friday, October 13th. B. Riley reissued a “buy” rating and set a $24.00 price target on shares of Marvell Technology Group in a research note on Monday, November 20th. Loop Capital reaffirmed a “buy” rating and issued a $26.00 target price on shares of Marvell Technology Group in a research report on Tuesday, November 21st. Craig Hallum reaffirmed a “buy” rating on shares of Marvell Technology Group in a research report on Tuesday, November 21st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $30.00 target price (up from $22.00) on shares of Marvell Technology Group in a research report on Tuesday, November 28th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $23.92.

Several institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in shares of Marvell Technology Group during the fourth quarter valued at about $517,000. Fox Run Management L.L.C. acquired a new stake in shares of Marvell Technology Group during the fourth quarter valued at about $690,000. Schwab Charles Investment Management Inc. grew its stake in shares of Marvell Technology Group by 2.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,575,254 shares of the semiconductor company’s stock valued at $33,821,000 after acquiring an additional 31,382 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Marvell Technology Group by 162.7% during the fourth quarter. Bank of Montreal Can now owns 992,462 shares of the semiconductor company’s stock valued at $21,308,000 after acquiring an additional 614,690 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Marvell Technology Group by 6.0% during the third quarter. Parametric Portfolio Associates LLC now owns 943,989 shares of the semiconductor company’s stock valued at $16,897,000 after acquiring an additional 53,038 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

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About Marvell Technology Group

Marvell Technology Group Ltd. is a semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) devices. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution.

Insider Buying and Selling by Quarter for Marvell Technology Group (NASDAQ:MRVL)

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