Ilmarinen Mutual Pension Insurance Co Acquires 15,000 Shares of Marvell Technology, Inc. $MRVL

Ilmarinen Mutual Pension Insurance Co boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 12.0% in the first quarter, Holdings Channel reports. The firm owned 140,000 shares of the semiconductor company’s stock after purchasing an additional 15,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Marvell Technology were worth $8,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Marvell Technology by 1.9% in the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company’s stock valued at $3,926,326,000 after purchasing an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares in the last quarter. Brown Advisory Inc. raised its stake in Marvell Technology by 2.2% during the first quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company’s stock worth $1,188,333,000 after acquiring an additional 423,892 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Marvell Technology by 232.2% during the fourth quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company’s stock worth $1,033,859,000 after acquiring an additional 6,543,132 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Marvell Technology by 2.6% during the first quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company’s stock worth $562,991,000 after acquiring an additional 227,555 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the completion of the sale, the chief financial officer directly owned 121,348 shares of the company’s stock, valued at approximately $8,314,764.96. This represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the firm’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the sale, the executive vice president directly owned 17,163 shares of the company’s stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,783 shares of company stock valued at $407,716. 0.33% of the stock is owned by insiders.

Marvell Technology Stock Up 1.3%

Marvell Technology stock opened at $66.84 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The firm’s fifty day moving average is $73.04 and its 200 day moving average is $68.46. The company has a market capitalization of $57.62 billion, a PE ratio of -514.15, a PEG ratio of 0.80 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business earned $0.30 EPS. Marvell Technology’s quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology’s dividend payout ratio is presently -184.62%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $90.00 price objective (down previously from $110.00) on shares of Marvell Technology in a research note on Friday, May 30th. Wall Street Zen downgraded Marvell Technology from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. The Goldman Sachs Group assumed coverage on Marvell Technology in a research note on Thursday, July 10th. They issued a “neutral” rating and a $75.00 price objective for the company. KeyCorp lowered their price objective on Marvell Technology from $115.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, May 30th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $75.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.50.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.