Compass Financial Services Inc Invests $40,000 in Marvell Technology, Inc. (NASDAQ:MRVL)

Compass Financial Services Inc purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 358 shares of the semiconductor company’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in Marvell Technology during the 4th quarter worth approximately $663,000. Kestra Private Wealth Services LLC increased its position in shares of Marvell Technology by 105.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 18,082 shares of the semiconductor company’s stock worth $1,997,000 after purchasing an additional 9,300 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Marvell Technology by 26.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 980,065 shares of the semiconductor company’s stock worth $108,248,000 after purchasing an additional 204,615 shares in the last quarter. Stephens Inc. AR lifted its holdings in Marvell Technology by 19.6% in the 4th quarter. Stephens Inc. AR now owns 10,055 shares of the semiconductor company’s stock valued at $1,111,000 after purchasing an additional 1,648 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in Marvell Technology by 7.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 256,707 shares of the semiconductor company’s stock worth $28,353,000 after purchasing an additional 16,771 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of a number of recent research reports. B. Riley boosted their price target on shares of Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group upped their price target on Marvell Technology from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Wells Fargo & Company lifted their price objective on Marvell Technology from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. TD Cowen upped their target price on Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Melius Research upgraded Marvell Technology to a “strong-buy” rating in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.60.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $110.62 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 52-week low of $53.19 and a 52-week high of $127.48. The company has a 50 day moving average of $113.95 and a 200 day moving average of $88.97.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.22%. Marvell Technology’s payout ratio is currently -14.12%.

Insider Buying and Selling

In related news, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $118.33, for a total transaction of $177,495.00. Following the sale, the chief financial officer now directly owns 111,211 shares in the company, valued at $13,159,597.63. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chris Koopmans sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $89.14, for a total value of $534,840.00. Following the transaction, the executive vice president now owns 103,244 shares in the company, valued at $9,203,170.16. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,755 shares of company stock worth $4,361,430. Corporate insiders own 0.33% of the company’s stock.

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.