Cullen Frost Bankers Inc. Trims Stock Holdings in Marvell Technology, Inc. $MRVL

Cullen Frost Bankers Inc. decreased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 78.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,391 shares of the semiconductor company’s stock after selling 204,620 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Marvell Technology were worth $4,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Game Plan Financial Advisors LLC purchased a new stake in Marvell Technology during the 2nd quarter worth about $27,000. Atlantic Edge Private Wealth Management LLC increased its position in shares of Marvell Technology by 160.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 200 shares during the period. Kiker Wealth Management LLC lifted its holdings in shares of Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares in the last quarter. Nova Wealth Management Inc. boosted its position in shares of Marvell Technology by 3,922.2% in the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 353 shares during the period. Finally, Westside Investment Management Inc. grew its stake in Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 160 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by insiders.

Marvell Technology Price Performance

MRVL opened at $80.23 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $68.04 billion, a P/E ratio of 28.15, a PEG ratio of 0.78 and a beta of 1.95. The stock has a 50-day moving average price of $85.69 and a 200-day moving average price of $81.17. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.20.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.Marvell Technology’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MRVL shares. Citigroup reiterated a “buy” rating on shares of Marvell Technology in a research note on Monday, December 22nd. Barclays increased their price objective on Marvell Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Zacks Research cut Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. B. Riley restated a “buy” rating and issued a $130.00 target price (up from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, UBS Group set a $100.00 price target on Marvell Technology in a research report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.09.

Marvell Technology Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.