Poinciana Advisors Group LLC acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,957 shares of the semiconductor company’s stock, valued at approximately $216,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new position in Marvell Technology during the 4th quarter valued at approximately $26,000. ORG Partners LLC raised its stake in Marvell Technology by 175.3% during the 4th quarter. ORG Partners LLC now owns 234 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 149 shares in the last quarter. Rialto Wealth Management LLC bought a new stake in Marvell Technology during the 4th quarter valued at $27,000. Kieckhefer Group LLC bought a new stake in Marvell Technology during the 4th quarter valued at $33,000. Finally, Financial Life Planners bought a new stake in shares of Marvell Technology in the 4th quarter worth $33,000. Institutional investors and hedge funds own 83.51% of the company’s stock.
Marvell Technology Stock Performance
MRVL stock opened at $68.74 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60. The stock has a market cap of $59.48 billion, a P/E ratio of -40.44, a P/E/G ratio of 1.61 and a beta of 1.42. The firm has a 50 day simple moving average of $104.78 and a 200 day simple moving average of $93.60. Marvell Technology, Inc. has a 52 week low of $53.19 and a 52 week high of $127.48.
Insider Buying and Selling at Marvell Technology
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Oppenheimer boosted their price objective on Marvell Technology from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company reissued an “overweight” rating on shares of Marvell Technology in a research note on Thursday, March 6th. Barclays dropped their price objective on Marvell Technology from $150.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. Raymond James set a $110.00 price objective on Marvell Technology in a research note on Thursday, March 6th. Finally, B. Riley boosted their price objective on Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $120.44.
Read Our Latest Stock Report on MRVL
About Marvell Technology
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.
Recommended Stories
- Five stocks we like better than Marvell Technology
- When to Sell a Stock for Profit or Loss
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- What Is WallStreetBets and What Stocks Are They Targeting?
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.