An unusually large block of $430.50K Put contracts on March 9th, 2023 at 15:58:24 ET Marvell Technology Group (MRVL) was sold with a strike price of $40.00/share, expiring in 316 days (on January 19, 2024). Fintel tracks all large options trades, and the premium incurred on this trade was 1.81 sigma above average, placing it in the 96.12 percentile of all recent large trades in MRVL options.
This trade was first picked up on Fintel Realtime unusual option trade
Tools, where unusual option trades are highlighted.
Analyst price forecast indicates 35.74% upside
By March 9, 2023, average one year price target for Marvell Technology Group is $58.57. Forecasts range from a low of $45.45 to a high of $105.00. The average price target represents an increase of 35.74% from its latest reported closing price of $43.15.
see our Leaderboard of companies With the biggest price target on the upside.
The estimated annual revenue for Marvell Technology Group is $6,165MM, an increase of 4.15%. Estimated Annual Non-GAAP eps
$2.12, down 2.30% from the previous forecast.
What is Fund Sentiment?
there are Reporting of 1591 fund or institution positions in Marvel Technology Group. This is a decrease of 17 owners or 1.06% from the previous quarter. average portfolio weight of all funds 0.43% dedicated to MRVL, a shortfall of 8.11%. Total shares owned by institutions increased by 0.63% to 798,445K shares in the past three months. put/call ratio The MRVL has a ratio of 0.89, indicating a bullish outlook.
What are the big shareholders doing?
FBGRX – Fidelity Blue Chip Growth Fund
The company holds 26,763K shares representing 3.14% ownership. In its prior filing, the firm reported holdings representing 25,696K shares.
a hike
of 3.98%. Firm
fell short of
Its portfolio allocation in MRVL has increased by 16.22% as compared to the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
The company holds 25,910K shares representing 3.04% ownership. In its prior filing, the firm reported holdings representing 25,327K shares.
a hike
of 2.25%. Firm
fell short of
Its portfolio allocation in MRVL has increased by 18.45% as compared to the previous quarter.
T Rowe Value Investment Management
The company holds 25,272K shares representing 2.96% ownership. In its prior filing, the firm reported holdings representing 23,668K shares.
a hike
of 6.35%. Firm
fell short of
Its portfolio allocation in MRVL has increased by 11.47% as compared to the previous quarter.
Bank of America
The company holds 19,777K shares representing 2.32% ownership. In its prior filing, the firm reported holdings representing 21,738K shares.
fall short
of 9.91%. Firm
fell short of
Its portfolio allocation in MRVL has increased by 25.16% as compared to the previous quarter.
Price T Rowe Associates
The company holds 18,789K shares representing 2.20% ownership. In its prior filing, the firm reported holdings representing 16,743K shares.
a hike
of 10.89%. Firm
fell short of
Its portfolio allocation in MRVL has increased by 4.88% as compared to the previous quarter.
Marvell Technology Group Announces $0.06 Dividend
On December 13, 2022, the company a regular quarterly dividend $0.06 per share ($0.24 annualized). Shareholders of record through January 6, 2023 will receive the payment on January 25, 2023. Previously, the company paid $0.06 per share.
At the current share price of $43.15/share, the stock’s dividend yield is 0.56%. Looking back five years and taking one sample each week, the average dividend yield has been 0.77%, with a low of 0.26%, and a high of 1.67%. The standard deviation of the yield is 0.35 (n=236).
The current dividend yield is 0.63 standard deviations below the historical average.
Additionally, the company has a dividend payout ratio of -1.25. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
Marvel Technology Background Information
(This description is provided by the company.)
Marvel Technology, Inc. develops and manufactures semiconductors and related technology. The company provides security and networking platforms, secure data processing, networking and storage solutions. Marvel Technology Serves Customers Worldwide
This story originally appeared on fintail,
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