城堡石财富管理公司以36.6万美元收购漫威科技公司(纳斯达克代码：MRVL)

Castle Rock Wealth Management LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Get Rating) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,743 shares of the semiconductor company's stock, valued at approximately $366,000.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Marvell Technology by 3.4% in the fourth quarter. BlackRock Inc. now owns 70,754,622 shares of the semiconductor company's stock worth $6,190,323,000 after acquiring an additional 2,305,751 shares during the period. State Street Corp lifted its stake in shares of Marvell Technology by 2.0% in the fourth quarter. State Street Corp now owns 18,457,563 shares of the semiconductor company's stock worth $1,614,852,000 after acquiring an additional 365,469 shares during the period. Brown Advisory Inc. lifted its stake in shares of Marvell Technology by 20.7% in the fourth quarter. Brown Advisory Inc. now owns 12,746,528 shares of the semiconductor company's stock worth $1,115,193,000 after acquiring an additional 2,188,891 shares during the period. Geode Capital Management LLC lifted its stake in shares of Marvell Technology by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 10,725,727 shares of the semiconductor company's stock worth $936,999,000 after acquiring an additional 545,124 shares during the period. Finally, Norges Bank acquired a new position in shares of Marvell Technology in the fourth quarter worth approximately $651,354,000. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts recently commented on MRVL shares. Needham & Company LLC cut their price objective on Marvell Technology from $105.00 to $75.00 in a research note on Friday, May 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Marvell Technology from $80.00 to $75.00 in a report on Friday, May 27th. Cowen lowered their target price on Marvell Technology from $100.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, May 27th. UBS Group lowered their target price on Marvell Technology from $95.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 23rd. Finally, KeyCorp lowered their target price on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, May 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus price target of $86.62.

MRVL stock opened at $42.98 on Wednesday. The stock's fifty day simple moving average is $53.42 and its two-hundred day simple moving average is $65.56. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.29. Marvell Technology, Inc. has a 1-year low of $41.07 and a 1-year high of $93.85. The stock has a market cap of $36.53 billion, a P/E ratio of -70.46, a P/E/G ratio of 1.64 and a beta of 1.38.

Marvell Technology (NASDAQ:MRVL – Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The semiconductor company reported $0.37 EPS for the quarter, meeting analysts' consensus estimates of $0.37. Marvell Technology had a positive return on equity of 6.92% and a negative net margin of 9.82%. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the prior year, the firm earned $0.15 EPS. The business's revenue for the quarter was up 73.8% compared to the same quarter last year. As a group, analysts forecast that Marvell Technology, Inc. will post 1.7 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Friday, July 8th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, July 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.56%. Marvell Technology's dividend payout ratio is presently -39.34%.

In related news, EVP Loi Nguyen sold 1,512 shares of the business's stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $60.00, for a total transaction of $90,720.00. Following the sale, the executive vice president now directly owns 207,727 shares in the company, valued at approximately $12,463,620. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mitchell Gaynor sold 5,000 shares of the business's stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $63.61, for a total value of $318,050.00. Following the sale, the executive vice president now owns 94,531 shares in the company, valued at $6,013,116.91. The disclosure for this sale can be found here. Insiders have sold a total of 138,165 shares of company stock worth $8,316,271 in the last ninety days. Insiders own 0.45% of the company's stock.

About Marvell Technology (Get Rating)

Marvell Technology, Inc, together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors.

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