First Hawaiian Financial institution Buys 186 Shares of Marvell Know-how, Inc. (NASDAQ:MRVL)


First Hawaiian Financial institution boosted its place in Marvell Know-how, Inc. (NASDAQ:MRVL – Free Report) by 2.3% within the first quarter, in accordance with its most up-to-date Type 13F submitting with the SEC. The institutional investor owned 8,286 shares of the semiconductor firm’s inventory after buying a further 186 shares through the quarter. First Hawaiian Financial institution’s holdings in Marvell Know-how had been value $587,000 on the finish of the latest reporting interval.

A number of different hedge funds have additionally modified their holdings of MRVL. NBC Securities Inc. lifted its place in Marvell Know-how by 124.8% through the first quarter. NBC Securities Inc. now owns 1,938 shares of the semiconductor firm’s inventory valued at $137,000 after buying a further 1,076 shares over the last quarter. CWM LLC grew its stake in Marvell Know-how by 10.3% through the 1st quarter. CWM LLC now owns 15,761 shares of the semiconductor firm’s inventory value $1,117,000 after shopping for a further 1,472 shares over the last quarter. Adirondack Belief Co. elevated its place in Marvell Know-how by 757.3% through the 4th quarter. Adirondack Belief Co. now owns 2,126 shares of the semiconductor firm’s inventory valued at $128,000 after shopping for a further 1,878 shares within the final quarter. HighPoint Advisor Group LLC acquired a brand new place in Marvell Know-how through the 4th quarter valued at about $419,000. Lastly, PNC Monetary Companies Group Inc. boosted its holdings in Marvell Know-how by 5.5% within the fourth quarter. PNC Monetary Companies Group Inc. now owns 60,016 shares of the semiconductor firm’s inventory value $3,620,000 after buying a further 3,109 shares within the final quarter. 83.51% of the inventory is owned by hedge funds and different institutional traders.

Marvell Know-how Value Efficiency

Shares of MRVL opened at $71.89 on Friday. The corporate has a debt-to-equity ratio of 0.28, a present ratio of 1.80 and a fast ratio of 1.24. The inventory’s 50 day transferring common is $70.00 and its two-hundred day transferring common is $67.75. Marvell Know-how, Inc. has a 12 month low of $46.07 and a 12 month excessive of $85.76.

Marvell Know-how (NASDAQ:MRVL – Get Free Report) final issued its quarterly earnings outcomes on Thursday, Could thirtieth. The semiconductor firm reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The corporate had income of $1.16 billion through the quarter, in comparison with analyst estimates of $1.15 billion. Marvell Know-how had a unfavourable internet margin of 18.33% and a optimistic return on fairness of 4.51%. Throughout the identical quarter within the earlier yr, the agency earned $0.17 EPS. The agency’s income was down 12.2% in comparison with the identical quarter final yr. As a gaggle, sell-side analysts count on that Marvell Know-how, Inc. will submit 0.75 EPS for the present fiscal yr.

Marvell Know-how Dividend Announcement

The corporate additionally just lately disclosed a quarterly dividend, which shall be paid on Wednesday, July thirty first. Traders of file on Friday, July twelfth shall be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.33%. Marvell Know-how’s payout ratio is -21.24%.

Marvell Know-how declared that its Board of Administrators has approved a inventory buyback program on Thursday, March seventh that authorizes the corporate to buyback $3.00 billion in excellent shares. This buyback authorization authorizes the semiconductor firm to buy as much as 4.8% of its inventory via open market purchases. Inventory buyback applications are sometimes a sign that the corporate’s board of administrators believes its inventory is undervalued.

Analysts Set New Value Targets

MRVL has been the topic of a number of analysis analyst studies. Citigroup reaffirmed a “purchase” ranking and issued a $91.00 value goal on shares of Marvell Know-how in a analysis report on Wednesday, March twenty seventh. KeyCorp dropped their value goal on shares of Marvell Know-how from $95.00 to $90.00 and set an “chubby” ranking on the inventory in a report on Monday, April eighth. Oppenheimer restated an “outperform” ranking and issued a $90.00 goal value (up beforehand from $80.00) on shares of Marvell Know-how in a analysis observe on Friday, Could thirty first. Rosenblatt Securities reiterated a “purchase” ranking and set a $100.00 value goal on shares of Marvell Know-how in a analysis observe on Monday, March 4th. Lastly, Morgan Stanley elevated their value goal on Marvell Know-how from $71.00 to $77.00 and gave the corporate an “equal weight” ranking in a report on Friday, Could thirty first. One equities analysis analyst has rated the inventory with a promote ranking, one has given a maintain ranking and twenty-one have given a purchase ranking to the inventory. Based on MarketBeat, the corporate has a consensus ranking of “Reasonable Purchase” and a median value goal of $85.00.

Learn Our Newest Inventory Report on Marvell Know-how

Insiders Place Their Bets

In different information, CEO Matthew J. Murphy offered 30,000 shares of Marvell Know-how inventory in a transaction that occurred on Monday, April fifteenth. The inventory was offered at a median value of $68.82, for a complete worth of $2,064,600.00. Following the sale, the chief government officer now straight owns 716,545 shares of the corporate’s inventory, valued at $49,312,626.90. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is accessible via this hyperlink. In different information, CFO Willem A. Meintjes offered 1,000 shares of the agency’s inventory in a transaction dated Wednesday, Could 1st. The shares had been offered at a median value of $64.49, for a complete worth of $64,490.00. Following the transaction, the chief monetary officer now straight owns 110,218 shares of the corporate’s inventory, valued at $7,107,958.82. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. Additionally, CEO Matthew J. Murphy offered 30,000 shares of the enterprise’s inventory in a transaction dated Monday, April fifteenth. The inventory was offered at a median value of $68.82, for a complete transaction of $2,064,600.00. Following the transaction, the chief government officer now owns 716,545 shares within the firm, valued at $49,312,626.90. The disclosure for this sale could be discovered right here. Within the final three months, insiders offered 79,500 shares of firm inventory value $5,504,065. Company insiders personal 0.33% of the corporate’s inventory.

About Marvell Know-how

(Free Report)

Marvell Know-how, Inc, along with its subsidiaries, supplies information infrastructure semiconductor options, spanning the information heart core to community edge. The corporate develops and scales complicated System-on-a-Chip architectures, integrating analog, mixed-signal, and digital sign processing performance.

See Additionally

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)



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