Oregon Public Employees Retirement Fund Acquires New Position in Marvell Technology, Inc. $MRVL

Oregon Public Employees Retirement Fund bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 107,659 shares of the semiconductor company’s stock, valued at approximately $28,445,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summa Corp. acquired a new position in shares of Marvell Technology in the third quarter valued at about $14,120,000. IPG Investment Advisors LLC purchased a new stake in Marvell Technology in the third quarter valued at approximately $2,239,000. Mullooly Asset Management Inc. purchased a new stake in Marvell Technology in the third quarter valued at approximately $242,000. Factory Mutual Insurance Co. boosted its position in Marvell Technology by 81.0% in the third quarter. Factory Mutual Insurance Co. now owns 356,909 shares of the semiconductor company’s stock valued at $94,299,000 after buying an additional 159,700 shares during the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Marvell Technology in the 3rd quarter worth approximately $5,562,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the completion of the transaction, the chief operating officer owned 202,800 shares of the company’s stock, valued at $37,917,516. This represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a legal 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. Also, CEO Matthew Murphy sold 7,500 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $235.47, for a total value of $1,766,025.00. Following the completion of the transaction, the chief executive officer owned 768,186 shares in the company, valued at $180,884,757.42. The trade was a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 a total of 57,285 shares of company stock valued at $12,901,763 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $171.97 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The firm has a fifty day moving average of $240.15 and a 200 day moving average of $183.26. The firm has a market cap of $150.80 billion, a PE ratio of 56.76, a PEG ratio of 5.11 and a beta of 2.32. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period last year, the firm posted $0.67 earnings per share. The company’s revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, research analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, October 9th. Marvell Technology’s payout ratio is 7.92%.

Analyst Upgrades and Downgrades

Several analysts have commented on MRVL shares. Barclays restated an “overweight” rating on shares of Marvell Technology in a research note on Thursday, August 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $270.00 target price on shares of Marvell Technology in a report on Wednesday, October 7th. Evercore reaffirmed an “outperform” rating and set a $433.00 target price on shares of Marvell Technology in a report on Tuesday, October 6th. Royal Bank Of Canada reduced their price target on Marvell Technology from $425.00 to $250.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Marvell Technology from $305.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average target price of $300.85.

More Marvell Technology News

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

• Positive Sentiment: The proposed all-stock acquisition of Lumentum would combine Marvell’s custom chips and networking products with Lumentum’s optical technology for AI data centers. Marvell expects more than $1 billion in annual cost savings and says the deal could increase adjusted earnings per share in its first year after closing. Read More.
• Positive Sentiment: Some analysts continue to see upside: BMO kept its Buy rating and $325 target, while UBS maintained its Buy rating and $350 target, viewing the deal as supportive of Marvell’s optical-networking opportunity. Read More. Read More.
• Neutral Sentiment: Shares recovered some ground as chip stocks bounced following a sharp selloff, though the rebound followed pronounced losses tied to the acquisition announcement. Read More.
• Neutral Sentiment: COO Chris Koopmans sold 10,000 shares under a pre-arranged Rule 10b5-1 trading plan; he retained 202,800 shares, making the transaction less clearly a signal about near-term prospects. Read More.
• Negative Sentiment: Downgrades and steep target cuts highlighted concerns about dilution, regulatory approval, potential customer conflicts, and execution. BofA cut its rating to Neutral and TD Cowen moved to Hold, with both sharply reducing their targets. Read More. Read More.

Marvell Technology Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.