Insider Selling: Marvell Technology Group Ltd. (MRVL) Insider Sells 1,512 Shares of Stock

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.

Marvell Technology Group (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, November 28th. The semiconductor company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $613.49 million. Marvell Technology Group had a return on equity of 11.93% and a net margin of 16.53%. Marvell Technology Group’s revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. analysts forecast that Marvell Technology Group Ltd. will post 1.01 EPS for the current fiscal year.

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.

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

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