Mitchell Mcleod Pugh & Williams Inc. purchased a brand new stake in shares of Marvell Know-how, Inc. (NASDAQ:MRVL – Get Rating) within the third quarter, in keeping with the corporate in its most up-to-date submitting with the SEC. The fund purchased 11,357 shares of the semiconductor firm’s inventory, valued at roughly $487,000.
Different institutional traders and hedge funds additionally not too long ago made modifications to their positions within the firm. Canton Hathaway LLC purchased a brand new stake in shares of Marvell Know-how throughout the 2nd quarter valued at $28,000. Arlington Companions LLC acquired a brand new place in shares of Marvell Know-how within the 2nd quarter valued at $29,000. Deseret Mutual Profit Directors grew its holdings in shares of Marvell Know-how by 140.3% within the 2nd quarter. Deseret Mutual Profit Directors now owns 668 shares of the semiconductor firm’s inventory valued at $29,000 after shopping for a further 390 shares throughout the interval. Crewe Advisors LLC grew its holdings in shares of Marvell Know-how by 38.5% within the 2nd quarter. Crewe Advisors LLC now owns 734 shares of the semiconductor firm’s inventory valued at $32,000 after shopping for a further 204 shares throughout the interval. Lastly, Price Asset Administration LLC acquired a brand new place in shares of Marvell Know-how within the 1st quarter valued at $40,000. Institutional traders personal 81.28% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Various equities analysts not too long ago weighed in on the inventory. Morgan Stanley decreased their goal value on shares of Marvell Know-how from $60.00 to $41.00 and set an “equal weight” ranking for the corporate in a analysis word on Friday, December 2nd. Stifel Nicolaus decreased their goal value on shares of Marvell Know-how from $78.00 to $70.00 and set a “purchase” ranking for the corporate in a analysis word on Thursday, September twenty ninth. BMO Capital Markets decreased their goal value on shares of Marvell Know-how from $75.00 to $65.00 in a analysis word on Friday, December 2nd. KeyCorp decreased their goal value on shares of Marvell Know-how from $75.00 to $65.00 in a analysis word on Friday, December 2nd. Lastly, Oppenheimer decreased their goal value on shares of Marvell Know-how from $80.00 to $70.00 in a analysis word on Tuesday, January tenth. 4 analysts have rated the inventory with a maintain ranking and twenty-two have assigned a purchase ranking to the inventory. In response to MarketBeat, the inventory has a consensus ranking of “Average Purchase” and a consensus goal value of $63.54.
Insider Shopping for and Promoting at Marvell Know-how
In different Marvell Know-how information, CAO Willem A. Meintjes bought 10,000 shares of the agency’s inventory in a transaction that occurred on Friday, January sixth. The shares had been bought at a median value of $34.92, for a complete worth of $349,200.00. Following the sale, the chief accounting officer now owns 72,896 shares within the firm, valued at $2,545,528.32. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is accessible by means of this link. Firm insiders personal 0.45% of the corporate’s inventory.
Marvell Know-how Inventory Efficiency
NASDAQ MRVL opened at $44.39 on Friday. The corporate has a present ratio of 1.31, a fast ratio of 0.92 and a debt-to-equity ratio of 0.25. The agency has a market capitalization of $37.87 billion, a price-to-earnings ratio of -277.44, a P/E/G ratio of two.61 and a beta of 1.45. The agency’s 50 day easy transferring common is $40.27 and its 200 day easy transferring common is $44.37. Marvell Know-how, Inc. has a 1 yr low of $33.75 and a 1 yr excessive of $78.19.
Marvell Know-how (NASDAQ:MRVL – Get Rating) final posted its quarterly earnings outcomes on Thursday, December 1st. The semiconductor firm reported $0.41 earnings per share (EPS) for the quarter, lacking the consensus estimate of $0.43 by ($0.02). The agency had income of $1.54 billion for the quarter, in comparison with analyst estimates of $1.56 billion. Marvell Know-how had a constructive return on fairness of 8.50% and a detrimental internet margin of two.43%. As a gaggle, analysis analysts anticipate that Marvell Know-how, Inc. will put up 1.5 earnings per share for the present fiscal yr.
Marvell Know-how Publicizes Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Wednesday, January twenty fifth. Shareholders of document on Friday, January sixth got a $0.06 dividend. The ex-dividend date of this dividend was Thursday, January fifth. This represents a $0.24 dividend on an annualized foundation and a yield of 0.54%. Marvell Know-how’s dividend payout ratio is at present -150.00%.
About Marvell Know-how
Marvell Know-how, Inc, along with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital sign processing, and embedded and standalone built-in circuits. It presents a portfolio of Ethernet options, together with controllers, community adapters, bodily transceivers, and switches; single or a number of core processors; ASIC; and printer System-on-a-Chip merchandise and software processors.
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