Zions Bancorporation National Association UT Has $2.81 Million Holdings in Marvell Technology, Inc. $MRVL

Zions Bancorporation National Association UT lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 159.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,438 shares of the semiconductor company’s stock after acquiring an additional 20,528 shares during the period. Zions Bancorporation National Association UT’s holdings in Marvell Technology were worth $2,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Ellsworth Advisors LLC acquired a new stake in shares of Marvell Technology during the 3rd quarter worth approximately $5,864,000. Waterfront Wealth Inc. boosted its stake in Marvell Technology by 21.5% during the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after acquiring an additional 3,258 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Marvell Technology by 1,292.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after purchasing an additional 361,807 shares during the period. Norges Bank bought a new stake in Marvell Technology in the second quarter valued at $716,713,000. Finally, Triton Financial Group Inc acquired a new position in shares of Marvell Technology during the second quarter valued at about $1,543,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark Casper sold 5,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the transaction, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MRVL. Oppenheimer restated an “outperform” rating and set a $150.00 price objective (up previously from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft set a $120.00 price target on shares of Marvell Technology in a research report on Tuesday, February 10th. Citigroup dropped their price objective on shares of Marvell Technology from $114.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Rosenblatt Securities decreased their target price on shares of Marvell Technology from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Finally, Evercore raised their price target on shares of Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.16.

Read Our Latest Report on MRVL

Marvell Technology Stock Performance

Shares of MRVL opened at $78.61 on Monday. The stock has a 50 day moving average of $83.34 and a 200 day moving average of $81.77. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $112.50. The company has a market capitalization of $66.60 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.62 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVLGet Free Report) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm 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%.The business’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, January 9th. Marvell Technology’s payout ratio is 8.42%.

Key Headlines Impacting Marvell Technology

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

About Marvell Technology

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVLFree Report).

Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.