Marvell Technology Group Ltd. (NASDAQ:MRVL) insider Marvell Semiconductor, Inc. Ca sold 1,512 shares of Marvell Technology Group stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $23.86, for a total transaction of $36,076.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
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 transaction of $208,014.40.
Shares of Marvell Technology Group Ltd. (MRVL) traded down $0.01 during mid-day trading on Friday, hitting $23.68. The stock had a trading volume of 7,578,434 shares, compared to its average volume of 6,960,000. The company has a market cap of $11,630.00, a PE ratio of 41.54, a PEG ratio of 1.43 and a beta of 1.12. Marvell Technology Group Ltd. has a one year low of $13.83 and a one year high of $24.22.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 27th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, December 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. Marvell Technology Group’s dividend payout ratio (DPR) is presently 42.11%.
A number of equities analysts recently issued reports on the stock. Cowen reaffirmed an “outperform” rating and set a $29.00 target price (up previously from $21.00) on shares of Marvell Technology Group in a research report on Monday, November 27th. BMO Capital Markets boosted their target price on shares of Marvell Technology Group to $25.00 and gave the company a “market perform” rating in a research note on Monday, November 27th. Credit Suisse Group reiterated an “outperform” rating and set a $30.00 price target (up previously from $22.00) on shares of Marvell Technology Group in a research report on Tuesday, November 28th. Oppenheimer upped their price target on shares of Marvell Technology Group from $23.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 21st. Finally, Stifel Nicolaus boosted their price objective on Marvell Technology Group from $16.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, November 29th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $23.92.
Hedge funds have recently made changes to their positions in the company. Teton Advisors Inc. increased its stake in shares of Marvell Technology Group by 14.7% in the 3rd quarter. Teton Advisors Inc. now owns 71,700 shares of the semiconductor company’s stock valued at $1,283,000 after acquiring an additional 9,200 shares during the last quarter. Achmea Investment Management B.V. bought a new stake in shares of Marvell Technology Group in the 2nd quarter valued at about $214,000. Nomura Holdings Inc. bought a new stake in shares of Marvell Technology Group in the 2nd quarter valued at about $539,000. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Marvell Technology Group by 2.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 232,300 shares of the semiconductor company’s stock valued at $4,176,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Oak Associates Ltd. OH increased its stake in shares of Marvell Technology Group by 12.3% in the 3rd quarter. Oak Associates Ltd. OH now owns 173,400 shares of the semiconductor company’s stock valued at $3,104,000 after acquiring an additional 19,000 shares during the last quarter. 78.69% of the stock is owned by institutional investors.
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Marvell Technology Group Company Profile
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.
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