Ilmarinen Mutual Pension Insurance Co Sells 20,730 Shares of Marvell Technology, Inc. $MRVL

Posted by Brian Himes on May 29th, 2026

Ilmarinen Mutual Pension Insurance Co lessened its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,706 shares of the semiconductor company’s stock after selling 20,730 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Marvell Technology were worth $14,677,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Trifecta Capital Advisors LLC boosted its position in shares of Marvell Technology by 8.8% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 116 shares in the last quarter. Faithward Advisors LLC boosted its position in shares of Marvell Technology by 2.1% during the 3rd quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock worth $525,000 after purchasing an additional 126 shares in the last quarter. South Plains Financial Inc. boosted its position in shares of Marvell Technology by 1.6% during the 3rd quarter. South Plains Financial Inc. now owns 8,454 shares of the semiconductor company’s stock worth $711,000 after purchasing an additional 130 shares in the last quarter. GeoWealth Management LLC boosted its position in shares of Marvell Technology by 5.1% during the 3rd quarter. GeoWealth Management LLC now owns 2,808 shares of the semiconductor company’s stock worth $236,000 after purchasing an additional 135 shares in the last quarter. Finally, Parisi Gray Wealth Management boosted its position in shares of Marvell Technology by 0.8% during the 4th quarter. Parisi Gray Wealth Management now owns 17,378 shares of the semiconductor company’s stock worth $1,477,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Trending Headlines about Marvell Technology

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

Positive Sentiment: Marvell reported revenue of $2.42 billion, ahead of estimates, with EPS of $0.80 matching expectations, showing solid execution as data center demand remained strong. Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2027 Financial Results
Positive Sentiment: The company raised fiscal 2027 and 2028 revenue outlooks, citing exceptional AI-related bookings and stronger networking/custom silicon demand, which supports the view that growth could accelerate further. Marvell Lifts FY2027 Outlook As Revenue Growth Nears 40%
Positive Sentiment: Multiple Wall Street firms raised price targets after the report, including JPMorgan, Bank of America, RBC, Stifel, Citi, UBS and Benchmark, signaling growing confidence in Marvell’s AI infrastructure opportunity. Marvell Buy Rating Reiterated as Arcuri Lifts Price Target to $230 on Accelerating AI-Driven Data Center Momentum
Neutral Sentiment: Management highlighted “agentic AI” as a potential new driver for networking and infrastructure demand, reinforcing the long-term growth story but offering more strategic commentary than near-term financial impact. Marvell Thinks Agentic AI Could Trigger Another Infrastructure Boom
Negative Sentiment: Despite the beat and higher guidance, some investors sold the stock anyway, suggesting the market is worried the AI growth story is already priced in after a strong run-up. Marvell Stock Drops After Earnings Beat. It Sees Growth in Powering the AI Boom.

Insider Activity at Marvell Technology

In related news, insider Sandeep Bharathi sold 66,892 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the transaction, the insider owned 55,199 shares in the company, valued at $7,195,189.65. The trade was a 54.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Willem A. Meintjes sold 30,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the completion of the sale, the chief financial officer owned 154,111 shares in the company, valued at approximately $20,652,415.11. This trade represents a 16.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 245,060 shares of company stock valued at $29,901,072 over the last three months. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Marvell Technology from $172.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday. Zacks Research raised shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. HSBC set a $300.00 price target on shares of Marvell Technology and gave the company a “buy” rating in a research report on Tuesday. Evercore reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company raised their price target on shares of Marvell Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.64.

View Our Latest Analysis on MRVL

Marvell Technology Trading Up 3.1%

Shares of MRVL stock opened at $204.83 on Friday. The company has a 50 day moving average of $143.83 and a 200-day moving average of $105.25. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 12-month low of $58.61 and a 12-month high of $218.26. The firm has a market cap of $183.80 billion, a P/E ratio of 70.15, a PEG ratio of 1.66 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 14.89%. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business posted $0.62 EPS. Marvell Technology’s quarterly revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Sell-side analysts anticipate that Marvell Technology, Inc. will post 3.04 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Marvell Technology Profile

(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.

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

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