GTS Securities LLC Lowers Stake in Marvell Technology, Inc. (NASDAQ:MRVL)

Market Beat
2025.05.24 10:20
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GTS Securities LLC reduced its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 38.9% in Q4, now holding 48,651 shares valued at $5.37 million. Other institutional investors also adjusted their positions. Insider transactions included Director Brad W. Buss purchasing 3,000 shares and EVP Mark Casper selling 626 shares. Marvell's stock opened at $61.85, with a market cap of $53.43 billion. The company announced a quarterly dividend of $0.06. Analysts have varied ratings, with Melius lowering its rating to "hold" and UBS reducing its price target to $100.

GTS Securities LLC lessened its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 38.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,651 shares of the semiconductor company's stock after selling 30,984 shares during the period. GTS Securities LLC's holdings in Marvell Technology were worth $5,374,000 at the end of the most recent quarter.

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Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC purchased a new position in Marvell Technology in the 4th quarter worth $26,000. Rialto Wealth Management LLC acquired a new stake in Marvell Technology in the 4th quarter worth about $27,000. Financial Life Planners acquired a new stake in Marvell Technology in the 4th quarter worth about $33,000. Lee Danner & Bass Inc. acquired a new stake in Marvell Technology in the 4th quarter worth about $35,000. Finally, Capital Analysts LLC boosted its holdings in Marvell Technology by 236.3% in the 4th quarter. Capital Analysts LLC now owns 343 shares of the semiconductor company's stock worth $38,000 after buying an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Activity

In other Marvell Technology news, Director Brad W. Buss bought 3,000 shares of Marvell Technology stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $69.00 per share, with a total value of $207,000.00. Following the completion of the acquisition, the director now owns 87,113 shares of the company's stock, valued at approximately $6,010,797. This represents a 3.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Casper sold 626 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $61.10, for a total transaction of $38,248.60. Following the completion of the sale, the executive vice president now directly owns 626 shares of the company's stock, valued at $38,248.60. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,541 shares of company stock valued at $2,079,948. Insiders own 0.19% of the company's stock.

Marvell Technology Stock Performance

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NASDAQ MRVL opened at $61.85 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11. Marvell Technology, Inc. has a 1 year low of $47.09 and a 1 year high of $127.48. The company has a market capitalization of $53.43 billion, a PE ratio of -36.38, a P/E/G ratio of 1.61 and a beta of 1.83. The company has a fifty day moving average of $59.73 and a two-hundred day moving average of $88.09.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Friday, April 11th were issued a $0.06 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.39%. Marvell Technology's payout ratio is -23.53%.

Analyst Ratings Changes

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A number of research analysts have weighed in on MRVL shares. Melius lowered shares of Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 target price on the stock. in a research note on Thursday. UBS Group reduced their price target on shares of Marvell Technology from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Monday. Melius Research reissued a "hold" rating and issued a $66.00 target price on shares of Marvell Technology in a research report on Thursday. Stifel Nicolaus dropped their price target on shares of Marvell Technology from $115.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Benchmark dropped their price target on shares of Marvell Technology from $135.00 to $95.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and an average target price of $104.52.

Check Out Our Latest Analysis on Marvell Technology

About Marvell Technology

(Free Report)

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.

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