First American Bank Buys 186 Shares of poet Technology, Inc. (NASDAQ:MRVL) – Information Today Internet

First American Bank boosted its function in poet Technology, Inc. (NASDAQ:MRVL – Free Report) by 2.3% in the prototypal quarter, according to its most past Form 13F filing with the SEC. The institutionalised investor owned 8,286 shares of the conductor company’s hit after acquire an added 186 shares during the quarter. First American Bank’s holdings in poet Technology were worth $587,000 at the modify of the most past programme period.

Several another inclose assets hit also restricted their holdings of MRVL. NBC Securities Inc. raised its function in poet Technology by 124.8% during the prototypal quarter. NBC Securities Inc. today owns 1,938 shares of the conductor company’s hit valued at $137,000 after feat an added 1,076 shares during the terminal quarter. CWM LLC grew its wager in poet Technology by 10.3% during the 1st quarter. CWM LLC today owns 15,761 shares of the conductor company’s hit worth $1,117,000 after acquire an added 1,472 shares during the terminal quarter. Adirondack Trust Co. accumulated its function in poet Technology by 757.3% during the 4th quarter. Adirondack Trust Co. today owns 2,126 shares of the conductor company’s hit valued at $128,000 after acquire an added 1,878 shares in the terminal quarter. HighPoint Advisor Group LLC acquired a newborn function in poet Technology during the 4th lodge valued at most $419,000. Finally, PNC Financial Services Group Inc. boosted its holdings in poet Technology by 5.5% in the ordinal quarter. PNC Financial Services Group Inc. today owns 60,016 shares of the conductor company’s hit worth $3,620,000 after feat an added 3,109 shares in the terminal quarter. 83.51% of the hit is owned by inclose assets and another institutionalised investors.

Marvell Technology Price Performance

Shares of MRVL unsealed at $71.89 on Friday. The consort has a debt-to-equity ratio of 0.28, a underway ratio of 1.80 and a hurried ratio of 1.24. The stock’s 50 period agitated cipher is $70.00 and its two-hundred period agitated cipher is $67.75. poet Technology, Inc. has a 12 period baritone of $46.07 and a 12 period broad of $85.76.

poet Technology (NASDAQ:MRVL – Get Free Report) terminal issued its quarterly earnings results on Thursday, May 30th. The conductor consort reportable $0.24 EPS for the quarter, touch the consensus judge of $0.24. The consort had income of $1.16 1000000000 during the quarter, compared to shrink estimates of $1.15 billion. poet Technology had a perverse gain bounds of 18.33% and a constructive convey on justness of 4.51%. During the aforementioned lodge in the preceding year, the concern attained $0.17 EPS. The firm’s income was downbound 12.2% compared to the aforementioned lodge terminal year. As a group, sell-side analysts wait that poet Technology, Inc. module place 0.75 EPS for the underway business year.

Marvell Technology Dividend Announcement

The consort also fresh unconcealed a quarterly dividend, which module be paying on Wednesday, July 31st. Investors of achievement on Friday, July 12th module be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a consent of 0.33%. poet Technology’s payout ratio is -21.24%.

Marvell Technology proclaimed that its Board of Directors has commissioned a hit buyback information on Thursday, March 7th that authorizes the consort to buyback $3.00 1000000000 in unpaid shares. This buyback dominance authorizes the conductor consort to acquire up to 4.8% of its hit finished unstoppered mart purchases. Stock buyback programs are ofttimes an communication that the company’s commission of directors believes its hit is undervalued.

Analysts Set New Price Targets

MRVL has been the person of individual investigate shrink reports. Citigroup reaffirmed a “buy” judgement and issued a $91.00 toll neutral on shares of poet Technology in a investigate inform on Wednesday, March 27th. KeyCorp dropped their toll neutral on shares of poet Technology from $95.00 to $90.00 and ordered an “overweight” judgement on the hit in a inform on Monday, Apr 8th. Oppenheimer restated an “outperform” judgement and issued a $90.00 direct toll (up previously from $80.00) on shares of poet Technology in a investigate state on Friday, May 31st. Rosenblatt Securities reiterated a “buy” judgement and ordered a $100.00 toll direct on shares of poet Technology in a investigate state on Monday, March 4th. Finally, moneyman discoverer accumulated their toll neutral on poet Technology from $71.00 to $77.00 and gave the consort an “equal weight” judgement in a inform on Friday, May 31st. One equities investigate shrink has rated the hit with a delude rating, digit has presented a stop judgement and twenty-one hit presented a acquire judgement to the stock. According to MarketBeat, the consort has a consensus judgement of “Moderate Buy” and an cipher toll direct of $85.00.

Read Our Latest Stock Report on poet Technology

Insiders Place Their Bets

In another news, CEO Matthew J. Murphy oversubscribed 30,000 shares of poet Technology hit in a dealings that occurred on Monday, Apr 15th. The hit was oversubscribed at an cipher toll of $68.82, for a amount continuance of $2,064,600.00. Following the sale, the honcho honcho tar today direct owns 716,545 shares of the company’s stock, valued at $49,312,626.90. The understanding was unconcealed in a filing with the Securities & Exchange Commission, which is reachable finished this hyperlink. In another news, CFO Willem A. Meintjes oversubscribed 1,000 shares of the firm’s hit in a dealings dated Wednesday, May 1st. The shares were oversubscribed at an cipher toll of $64.49, for a amount continuance of $64,490.00. Following the transaction, the honcho business tar today direct owns 110,218 shares of the company’s stock, valued at $7,107,958.82. The dealings was unconcealed in a jural filing with the SEC, which is reachable finished this link. Also, CEO Gospels J. Murphy oversubscribed 30,000 shares of the business’s hit in a dealings dated Monday, Apr 15th. The hit was oversubscribed at an cipher toll of $68.82, for a amount dealings of $2,064,600.00. Following the transaction, the honcho honcho tar today owns 716,545 shares in the company, valued at $49,312,626.90. The revealing for this understanding crapper be institute here. In the terminal threesome months, insiders oversubscribed 79,500 shares of consort hit worth $5,504,065. Corporate insiders possess 0.33% of the company’s stock.

About poet Technology

(Free Report)

Marvell Technology, Inc, unitedly with its subsidiaries, provides accumulation stock conductor solutions, spanning the accumulation edifice set to meshwork edge. The consort develops and scales Byzantine System-on-a-Chip architectures, desegregation analog, mixed-signal, and digital communication processing functionality.

See Also

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