On May 4, 2023 at 12:22:05 ET an unusually large $228.41K block of Put contracts in Marvell Technology (MRVL) was sold, with a strike price of $37.50 / share, expiring in 197 day(s) (on November 17, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 2.14 sigmas above the mean, placing it in the 98.33th percentile of all recent large trades made in MRVL options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1607 funds or institutions reporting positions in Marvell Technology. This is an increase of 19 owner(s) or 1.20% in the last quarter. Average portfolio weight of all funds dedicated to MRVL is 0.51%, an increase of 9.98%. Total shares owned by institutions increased in the last three months by 1.20% to 801,417K shares. The put/call ratio of MRVL is 1.01, indicating a bearish outlook.
Analyst Price Forecast Suggests 45.73% Upside
As of April 24, 2023, the average one-year price target for Marvell Technology is 57.59. The forecasts range from a low of 45.45 to a high of $105.00. The average price target represents an increase of 45.73% from its latest reported closing price of 39.52.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Marvell Technology is 6,174MM, an increase of 4.30%. The projected annual non-GAAP EPS is 2.11, a decrease of 0.38% from the prior forecast.
What are Other Shareholders Doing?
FBGRX – Fidelity Blue Chip Growth Fund holds 27,231K shares representing 3.18% ownership of the company. In it’s prior filing, the firm reported owning 26,763K shares, representing an increase of 1.72%. The firm increased its portfolio allocation in MRVL by 3.85% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 25,910K shares representing 3.02% ownership of the company. In it’s prior filing, the firm reported owning 25,327K shares, representing an increase of 2.25%. The firm decreased its portfolio allocation in MRVL by 18.45% over the last quarter.
T. Rowe Price Investment Management holds 25,272K shares representing 2.95% ownership of the company. In it’s prior filing, the firm reported owning 23,668K shares, representing an increase of 6.35%. The firm decreased its portfolio allocation in MRVL by 11.47% over the last quarter.
Bank Of America holds 19,777K shares representing 2.31% ownership of the company. In it’s prior filing, the firm reported owning 21,738K shares, representing a decrease of 9.91%. The firm decreased its portfolio allocation in MRVL by 25.16% over the last quarter.
Price T Rowe Associates holds 18,789K shares representing 2.19% ownership of the company. In it’s prior filing, the firm reported owning 16,743K shares, representing an increase of 10.89%. The firm decreased its portfolio allocation in MRVL by 4.88% over the last quarter.
Marvell Technology Declares $0.06 Dividend
On March 15, 2023 the company declared a regular quarterly dividend of $0.06 per share ($0.24 annualized). Shareholders of record as of April 7, 2023 received the payment on April 26, 2023. Previously, the company paid $0.06 per share.
At the current share price of $39.52 / share, the stock’s dividend yield is 0.61%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.76%, the lowest has been 0.26%, and the highest has been 1.67%. The standard deviation of yields is 0.34 (n=236).
The current dividend yield is 0.44 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is -1.26. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
Marvell Technology Background Information
(This description is provided by the company.)
Marvell Technology, Inc. develops and produces semiconductors and related technology. The Company offers security and networking platform, secure data processing, networking, and storage solutions. Marvell Technology serves customers worldwide
See all Marvell Technology regulatory filings.
This article originally appeared on Fintel
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