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

Cullen Frost Bankers Inc. reduced its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 5.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 53,536 shares of the semiconductor company’s stock after selling 2,855 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Marvell Technology were worth $4,549,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in Marvell Technology in the fourth quarter worth about $25,000. Elyxium Wealth LLC bought a new position in shares of Marvell Technology in the fourth quarter worth about $40,000. Strive Asset Management LLC purchased a new position in shares of Marvell Technology during the 3rd quarter valued at about $42,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Marvell Technology by 98.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 244 shares in the last quarter. Finally, Avalon Trust Co grew its stake in shares of Marvell Technology by 70.6% during the 3rd quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after acquiring an additional 269 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Wells Fargo lifted its price target on Marvell and cited “significant AWS Trainium expansion ahead,” reinforcing optimism around AI chip demand and cloud spending. Marvell Stock (MRVL) Soars, Top Wells Fargo Analyst Lifts Price Target on ‘Significant AWS Trainium Expansion Ahead’
• Positive Sentiment: Evercore ISI also raised its target, adding to the broader Wall Street upgrade cycle as analysts grow more confident in Marvell’s AI networking and custom chip pipeline. Evercore ISI Raises Marvell Technology (MRVL) Price Target on Rising AI Infrastructure Demand
• Positive Sentiment: Citi reportedly raised its forecast materially ahead of Q1 results, adding another bullish signal that expectations are improving into earnings. Marvell Stock (MRVL) Extends Rally as Citi Raises Forecast by 82% Ahead of Q1 Earnings

Insider Buying and Selling at Marvell Technology

In other news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the completion of the transaction, the chief operating officer owned 133,870 shares in the company, valued at $14,757,828.80. This trade represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 30,000 shares of Marvell Technology stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $98.70, for a total value of $2,961,000.00. Following the completion of the sale, the chief executive officer directly owned 310,106 shares in the company, valued at $30,607,462.20. This trade represents a 8.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 245,060 shares of company stock worth $29,901,072. Insiders own 0.19% of the company’s stock.

Marvell Technology Trading Up 2.1%

Shares of MRVL opened at $190.69 on Friday. The firm has a market cap of $171.11 billion, a P/E ratio of 61.91, a price-to-earnings-growth ratio of 1.56 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. Marvell Technology, Inc. has a 1 year low of $58.61 and a 1 year high of $194.58. The company has a 50 day simple moving average of $132.70 and a two-hundred day simple moving average of $101.38.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities analysts expect that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a $0.06 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s payout ratio is presently 7.79%.

Analysts Set New Price Targets

A number of research firms have commented on MRVL. Morgan Stanley raised their target price on shares of Marvell Technology from $95.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Friday, March 6th. JPMorgan Chase & Co. upped their price target on shares of Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research note on Friday, March 27th. Barclays upgraded shares of Marvell Technology from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $105.00 to $150.00 in a research report on Thursday, April 9th. Finally, Evercore reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Marvell Technology in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.64.

Marvell Technology Company 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.