Ilmarinen Mutual Pension Insurance Co Has $8.62 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its holdings in Marvell Technology, owning 140,000 shares valued at approximately $8.62 million after acquiring an additional 15,000 shares in the first quarter.
• Institutional investors and hedge funds own 83.51% of Marvell Technology's stock, indicating strong market confidence in the company.
• Wall Street analysts exhibit mixed sentiments, with target prices ranging from $70.00 to $115.00, reflecting growth potential despite Zacks Research's downgrade to a "strong sell" rating.

Ilmarinen Mutual Pension Insurance Co increased its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 12.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,000 shares of the semiconductor company's stock after buying an additional 15,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Marvell Technology were worth $8,620,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Marvell Technology during the 4th quarter worth $234,000. Dynamic Advisor Solutions LLC increased its stake in shares of Marvell Technology by 5.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after purchasing an additional 206 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Marvell Technology by 90.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 19,320 shares of the semiconductor company's stock worth $1,190,000 after purchasing an additional 9,155 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of Marvell Technology by 8.4% during the 1st quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock worth $927,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Credit Agricole S A increased its stake in shares of Marvell Technology by 27.7% during the 1st quarter. Credit Agricole S A now owns 585,947 shares of the semiconductor company's stock worth $36,077,000 after purchasing an additional 127,169 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insiders Place Their Bets

In other news, EVP Mark Casper sold 3,000 shares of the 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 completion of the transaction, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the transaction, the chief accounting officer owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This represents a 4.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,783 shares of company stock worth $407,716 over the last 90 days. Corporate insiders own 0.19% of the company's stock.

Marvell Technology Stock Performance

NASDAQ:MRVL traded down $0.51 during trading hours on Thursday, hitting $66.59. 13,805,513 shares of the company traded hands, compared to its average volume of 22,583,890. The stock has a market capitalization of $57.41 billion, a price-to-earnings ratio of -512.23, a P/E/G ratio of 0.81 and a beta of 1.85. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The firm has a 50-day moving average of $72.72 and a 200 day moving average of $68.23. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Marvell Technology's payout ratio is currently -184.62%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, August 29th. Susquehanna reduced their price objective on shares of Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a research note on Tuesday, May 27th. Needham & Company LLC reduced their price objective on shares of Marvell Technology from $85.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Wells Fargo & Company reduced their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, August 29th. Finally, Melius Research boosted their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Marvell Technology currently has a consensus rating of "Moderate Buy" and an average 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.