Sava Infond d.o.o. Buys 28,000 Shares of Marvell Technology, Inc. $MRVL
Sava Infond d.o.o. increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 19.4% in the third quarter, acquiring an additional 28,000 shares to own a total of 172,000 shares valued at $14.46 million. This move makes MRVL its 13th largest position, accounting for approximately 2.1% of the fund. Marvell Technology recently reported strong quarterly results, beating EPS estimates with $0.76 and achieving a 36.8% year-over-year revenue increase, while institutional investors own about 83.51% of the stock.
Raiffeisen Bank International AG Has $11.96 Million Stake in Marvell Technology, Inc. $MRVL
Raiffeisen Bank International AG increased its stake in Marvell Technology, Inc. by 25.3% in the third quarter, bringing its total holdings to 144,964 shares valued at approximately $11.96 million. Other institutions like Vanguard Group Inc. and Norges Bank also significantly increased their positions, indicating strong institutional conviction in the semiconductor company. Marvell Technology reported strong Q3 earnings, beating analyst estimates, and provided positive guidance for Q4 2026, with an average analyst price target of around $115.16.
HighTower Advisors LLC Reduces Holdings in Marvell Technology, Inc. $MRVL
HighTower Advisors LLC decreased its stake in Marvell Technology, Inc. by 21.1% in the third quarter, selling 51,626 shares and retaining 193,384 shares valued at $16.26 million. Despite this reduction, other significant institutional movements include Norges Bank acquiring a new $716.7 million stake and OVERSEA CHINESE BANKING increasing its holdings by 1,292%. Marvell Technology exceeded its quarterly earnings estimates, reporting $0.76 EPS and $2.07 billion in revenue, and holds a "Moderate Buy" consensus rating from analysts with an average price target of $115.16.
Marvell Technology Completes Acquisition of XConn Technologies
Marvell Technology has completed its acquisition of XConn Technologies, a provider of advanced PCIe and CXL switching silicon. This acquisition will enhance Marvell's capabilities in scale-up connectivity for next-generation AI and cloud data center architectures, with initial revenue contributions expected in Q3 fiscal 2027 and annual revenue projected to reach $100 million by fiscal 2028. The deal involved a $325 million cash reduction and an issuance of approximately 2.7 million shares, integrating XConn's engineering team into Marvell's UALink scale-up switching roadmap.
CenterBook Partners LP Purchases Shares of 42,780 Marvell Technology, Inc. $MRVL
CenterBook Partners LP acquired a new stake of 42,780 shares in Marvell Technology, Inc. valued at approximately $3.6 million during the third quarter. Other institutional investors like Vanguard Group Inc. also significantly increased their holdings. Marvell Technology reported strong Q3 earnings, beating analyst expectations, and received an average "Moderate Buy" rating from analysts with a price target of $115.16.
Marvell Pursues Data Center Growth With Celestial AI And XConn Deals
Marvell Technology (NasdaqGS:MRVL) is expanding its data center product lineup by acquiring Celestial AI and XConn Technologies, focusing on optical photonic fabric and PCIe/CXL switching. These strategic acquisitions aim to strengthen Marvell's position in next-generation data center infrastructure, despite recent mixed stock performance. The company's ability to integrate these new businesses effectively and generate meaningful revenue will be crucial for its long-term growth.
Marvell Targets Data Center Growth With Celestial AI And XConn Shift
Marvell Technology (NasdaqGS:MRVL) is focusing on data center growth by integrating its acquisitions of Celestial AI and XConn Technologies. This strategic shift involves combining photonic fabric technology and switching silicon to support memory disaggregation and high bandwidth connectivity, moving away from legacy storage components towards specialized chips for next-generation data centers. Investors will monitor how effectively Marvell integrates these acquisitions and achieves design wins with its new products, as this will influence the company's valuation.
Is Marvell (MRVL) a Buy as Wall Street Analysts Look Optimistic?
This article examines analyst recommendations for Marvell Technology (MRVL), noting its average brokerage recommendation (ABR) of 1.62 which leans towards a Strong Buy. However, it cautions against relying solely on ABRs due to inherent positive bias from brokerage firms. Instead, it suggests using the Zacks Rank, which for Marvell is currently a #4 (Sell) due to declining earnings estimates, as a more reliable indicator for investment decisions.
Marvell Technology Files For Offering Of 2,116,573 Shares Of Common Stock Offered By The Selling Securityholders
Marvell Technology has filed for an offering of 2,116,573 shares of common stock. These shares are being offered by selling securityholders. The news was reported by Refinitiv.
Marvell Technology files legal opinion for securities in shelf prospectus supplement
Marvell Technology (MRVL) has filed a prospectus supplement and submitted counsel's opinion regarding the legality of its offered securities. This filing, an automatic shelf registration on Form S-3, primarily serves to include a legal opinion from Wilson Sonsini Goodrich & Rosati concerning the issuance and sale of these securities. The details are accessible via an 8-K filing dated February 18, 2026.
Ingalls & Snyder LLC Makes New $3.35 Million Investment in Marvell Technology, Inc. $MRVL
Ingalls & Snyder LLC has made a new $3.35 million investment in Marvell Technology, Inc. (NASDAQ:MRVL), purchasing 39,878 shares during the third quarter. Other institutional investors like Vanguard Group Inc., Norges Bank, and Amundi also significantly increased their holdings in the semiconductor company. Marvell Technology reported strong Q3 earnings, exceeding analyst estimates, and announced a quarterly dividend.
W.G. Shaheen & Associates DBA Whitney & Co Takes Position in Marvell Technology, Inc. $MRVL
W.G. Shaheen & Associates DBA Whitney & Co has acquired a new position of 119,807 shares, valued at approximately $10.07 million, in Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter. This comes as other institutional investors have also increased their stakes in the semiconductor company, bringing institutional ownership to 83.51%. Marvell Technology recently reported strong Q3 earnings, beating analyst estimates with $0.76 EPS on revenues of $2.07 billion, a 36.8% year-over-year increase, and provided optimistic Q4 guidance.
Vanguard Group Inc. Purchases 15,166,976 Shares of Marvell Technology, Inc. $MRVL
Vanguard Group Inc. significantly increased its stake in Marvell Technology, Inc. by 23.5% in the third quarter, acquiring over 15 million additional shares, bringing its total ownership to approximately 9.23% valued at $6.69 billion. This comes as analysts have raised price targets for the semiconductor company, and Marvell Technology beat recent quarterly earnings expectations while providing strong Q4 guidance. The article also notes recent insider selling and other institutional investment activities.
NEOS Investment Management LLC Acquires 107,312 Shares of Marvell Technology, Inc. $MRVL
NEOS Investment Management LLC significantly increased its stake in Marvell Technology, Inc. by 67.6% in the third quarter, purchasing an additional 107,312 shares to hold a total of 266,050 shares valued at approximately $22.37 million. Analyst sentiment for Marvell Technology has become more positive, with several firms raising their price targets, contributing to a consensus "Moderate Buy" rating and an average price target of $115.16. The article also details other institutional investor activities, recent insider stock sales, and Marvell Technology's financial performance and dividend announcement.
Glenview Trust Co Has $26.26 Million Stock Holdings in Marvell Technology, Inc. $MRVL
Glenview Trust Co reduced its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 6.2% in the third quarter, holding 312,324 shares valued at $26.26 million. Meanwhile, other institutional investors like Vanguard Group Inc. significantly increased their holdings. Analysts maintain a "Moderate Buy" rating for Marvell Technology, with a consensus target price of $115.16, and the company recently reported strong quarterly earnings and declared a dividend.
Shell Asset Management Co. Cuts Stock Holdings in Marvell Technology, Inc. $MRVL
Shell Asset Management Co. significantly reduced its stake in Marvell Technology by 58.5% in the third quarter, selling 27,842 shares. Despite this, institutional ownership remains high at 83.51%, with several major investors increasing their positions and Norges Bank initiating a substantial new stake. Analyst sentiment for Marvell Technology is positive, with a consensus "Moderate Buy" rating and an average price target of $115.16.
Marvell Technology, Inc. $MRVL Shares Purchased by Arnhold LLC
Arnhold LLC significantly increased its stake in Marvell Technology (NASDAQ:MRVL) by 19.3% in the third quarter, bringing its total holdings to 218,237 shares valued at $18.35 million. This move is part of a broader trend of increased institutional ownership, with Marvell demonstrating strong financial performance, expanding its AI/cloud footprint through strategic deals, and maintaining a "Moderate Buy" consensus rating from analysts.
TimesSquare Capital Management LLC Has $50.46 Million Stock Holdings in Marvell Technology, Inc. $MRVL
TimesSquare Capital Management LLC reduced its stake in Marvell Technology, Inc. by 3.8% in the third quarter, now owning 600,187 shares valued at $50.46 million. Several other institutional investors have also adjusted their positions in the semiconductor company. The article also provides recent news, insider trading activity, analyst rating changes, and financial performance details for Marvell Technology.
Marvell Technology, Inc. $MRVL Shares Sold by GF Fund Management CO. LTD.
GF Fund Management CO. LTD. reduced its stake in Marvell Technology (NASDAQ:MRVL) by 23.4% in the third quarter, while other institutional investors like Vanguard Group and Brown Advisory increased their holdings. Marvell Technology recently reported strong Q3 earnings, beating analyst estimates and raising Q4 guidance, bolstered by new AI and cloud deals. Analysts maintain a "Moderate Buy" rating with an average price target of $115.16, despite some short-term stock volatility.
Aberdeen Group plc Acquires 316,782 Shares of Marvell Technology, Inc. $MRVL
Aberdeen Group plc significantly increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter of 2025, purchasing an additional 316,782 shares to bring its total holdings to 1,432,016 shares, valued at approximately $118.9 million. This move coincides with Marvell's strong performance, including beating EPS expectations, increasing revenue, and raising Q4 FY2026 EPS guidance, driven by new AI/cloud deals. Despite an insider stock sale, institutional ownership remains high, and analysts have updated price targets positively.
Marvell (MRVL) Gains Analyst Support as Stifel Reiterates Buy After XConn Deal
Stifel has reiterated a Buy rating on Marvell Technology (MRVL) with a $114.00 price target, following the company's acquisition of XConn Technologies. The analyst firm updated its model to reflect long-term UALink upside from the deal, with revenue contributions expected to start in fiscal Q3 2027 and reach an annualized run rate of $50 million by Q4. Despite a slight adjustment to FY27 non-GAAP EPS due to acquisition-related expenses, Stifel maintains its FY28 and FY29 EPS estimates, anticipating potential upside from successful integration and cross-selling.
Marvell Technology, Inc. $MRVL Position Trimmed by Varma Mutual Pension Insurance Co
Varma Mutual Pension Insurance Co recently reduced its holdings in Marvell Technology (NASDAQ:MRVL) by 22.7%, selling 37,200 shares and retaining 126,458 shares currently valued at $10.63 million. Despite this institutional trimming, Marvell is actively expanding its AI and cloud footprint through new deals, posted a quarterly EPS beat, and raised its Q4 FY2026 EPS guidance. Analysts maintain a "Moderate Buy" rating for MRVL, with an average target price of $115.16, indicating confidence in the company's strong data-center revenue growth and AI-related opportunities.
Prospera Financial Services Inc Sells 28,397 Shares of Marvell Technology, Inc. $MRVL
Prospera Financial Services Inc reduced its stake in Marvell Technology (NASDAQ:MRVL) by 57.3% in the third quarter, offloading 28,397 shares but still retaining 21,142 shares valued at $1.78 million. Despite this sale, Wall Street analysts maintain a "Moderate Buy" rating for Marvell, with an average price target of $115.16, citing strong Q3 earnings, robust revenue growth, and promising deals in AI and cloud technology. Marvell Technology shows strong financial performance with increasing revenue and positive analyst sentiment driven by its advancements in AI and data center solutions.
Caprock Group LLC Purchases Shares of 18,597 Marvell Technology, Inc. $MRVL
Caprock Group LLC has acquired 18,597 shares of Marvell Technology, Inc. (NASDAQ:MRVL) in Q3, valued at approximately $1.56 million, joining other institutional investors in increasing their holdings. Marvell Technology recently exceeded quarterly earnings expectations and raised its Q4 FY2026 EPS guidance, supported by new AI/cloud deals and a "Moderate Buy" consensus rating from analysts. The semiconductor company also announced a quarterly dividend of $0.06 per share.
23,354 Shares in Marvell Technology, Inc. $MRVL Purchased by IMA Advisory Services Inc.
IMA Advisory Services Inc. recently acquired 23,354 shares of Marvell Technology, Inc. (NASDAQ:MRVL) valued at approximately $1.96 million. This purchase is part of broader institutional investment trends, with institutional investors now owning 83.51% of the semiconductor company's stock.
Analysts Offer Insights on Technology Companies: Confluent (CFLT) and Marvell (MRVL)
This article provides analyst ratings for two technology companies: Confluent (CFLT) and Marvell (MRVL). William Blair analyst Jason Ader maintained a Hold rating on Confluent, while Roth MKM analyst Sujeeva De Silva reiterated a Buy rating on Marvell with a price target of $135.00. The consensus among analysts for Confluent is a Hold, and for Marvell, it is a Moderate Buy with a significant upside potential.
Marvell Technology (NASDAQ:MRVL) Stock Price Down 3.8% - Time to Sell?
Marvell Technology's stock (NASDAQ:MRVL) dropped 3.8% on Thursday, with trading volume slightly below its daily average. Despite this dip, the company surpassed quarterly EPS and revenue expectations, and analysts maintain a "Moderate Buy" consensus rating with an average target price of $115.16. Recent insider selling by an EVP was noted, alongside various institutional investors either initiating or boosting their stake in the semiconductor company.
Marvell Technology (MRVL) Suffers a Larger Drop Than the General Market: Key Insights
Marvell Technology (MRVL) experienced a 3.77% drop in its latest trading session, surpassing the general market's decline. Despite recent underperformance, analysts anticipate significant growth for the chipmaker, projecting a 31.67% EPS increase and 21.4% revenue escalation for its upcoming earnings report on March 5, 2026, compared to the previous year. The stock currently holds a Zacks Rank of #3 (Hold) and is trading at a discount relative to its industry average based on its Forward P/E ratio.
ING Groep NV Has $12.67 Million Holdings in Marvell Technology, Inc. $MRVL
ING Groep NV significantly increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 281.4% in the third quarter, bringing its total holdings to 150,688 shares valued at approximately $12.67 million. Marvell Technology beat its Q3 earnings expectations with $0.76 EPS and $2.07 billion in revenue, and analysts widely rate the stock as a "Moderate Buy" with a consensus target price of $115.16. Other institutional investors also adjusted their positions in MRVL, which currently has 83.51% institutional ownership, and the company recently announced a quarterly dividend.
Sound Shore Management Inc CT Takes $72.37 Million Position in Marvell Technology, Inc. $MRVL
Sound Shore Management Inc CT has initiated a significant position in Marvell Technology, Inc. (NASDAQ:MRVL), acquiring 860,774 shares valued at $72.37 million, making it their 29th largest holding. Wall Street analysts maintain a "Moderate Buy" rating for Marvell with a consensus target price of $115.16, following several positive upgrades. The semiconductor company recently surpassed quarterly earnings expectations, reporting $0.76 EPS on revenues of $2.07 billion.
MRVL Declines 8% in 3 Months: Time to Hold or Fold the Stock?
Marvell Technology (MRVL) shares have declined 8.2% in the past three months, underperforming its sector and peers, despite strong long-term fundamentals. The company faces a slowdown in revenue growth rate but maintains earnings growth through cost management and strategic partnerships in the AI space. Analysts recommend holding the stock due to its undervalued price-to-sales ratio and strong presence in data centers and high-speed networking.
MRVL Declines 8% in 3 Months: Time to Hold or Fold the Stock?
Marvell Technology (MRVL) shares have declined 8.2% in the past three months, underperforming its sector and peers, raising questions about its future. Despite a slowdown in revenue growth attributed to increased competition in the AI connectivity space, Marvell's strong fundamentals, strategic partnerships, and disciplined cost management contribute to robust earnings growth. The stock currently trades at a discount compared to its industry average, suggesting it may be undervalued.
Marvell Technology Stock Gains as $540M XConn Acquisition Closes
Marvell Technology Inc. has completed its $540 million acquisition of XConn Technologies, a move aimed at bolstering its position in the AI and cloud data center connectivity market, which led to a 1.19% gain in Marvell's pre-market stock price. The deal, structured as 60% cash and 40% stock, is expected to start contributing significantly to Marvell's revenue by fiscal 2027, with projections of doubling annual revenue to $100 million by fiscal 2028. While initial market reaction was cautious due to financial implications like reduced interest income and increased operating expenses, the acquisition is strategically important for integrating XConn's PCIe and CXL switching capabilities into Marvell's AI infrastructure roadmap.
How Marvell Stock Benefits From The Amazon-Anthropic Connection
Marvell Technology is positioned to benefit significantly from major AI-related capital expenditures by Amazon and the enterprise scaling of Anthropic's AI models. Despite its stock underperformance, Marvell's revenue mix is now 73% data center-centric, making it a key player in custom silicon, networking, and optical interconnects for hyperscalers like Amazon. The deepening partnership between Amazon AWS and Anthropic, with its commitment to Amazon's Trainium and Inferentia hardware, suggests sustained demand for Marvell's silicon as autonomous AI workloads grow.
Alibaba, Marvell, ASML And SoFi Get 2X ETF Boost With Direxion's Latest Launch
Direxion has launched four new single-stock leveraged ETFs that aim to provide twice the daily performance of their underlying stocks: ASML, Marvell, Alibaba, and SoFi. These ETFs are designed for short-term tactical trading and target leaders in the digital economy, including semiconductors, e-commerce, and digital finance. The new funds bring Direxion's total single-stock leveraged ETF offerings to 55, reflecting continued interest in packaging high-conviction trades for short-term market plays.
RFG Advisory LLC Has $2.21 Million Stock Position in Marvell Technology, Inc. $MRVL
RFG Advisory LLC recently reduced its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 45.4%, now holding 26,275 shares valued at $2.21 million. Despite this, other institutional investors have increased their positions in the semiconductor company. Wall Street analysts maintain a "Moderate Buy" consensus rating for Marvell Technology, with an average target price of $115.16.
Marvell Technology, Inc. $MRVL Shares Acquired by Impax Asset Management Group plc
Impax Asset Management Group plc has increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 6.5%, acquiring 222,661 additional shares, bringing their total holdings to 3,628,126 shares valued at approximately $304.3 million. Institutional investors now own about 83.5% of Marvell Technology, which has an average analyst rating of "Moderate Buy" and an average target price of $115.16. The company recently beat Q earnings expectations with an EPS of $0.76 and revenue of $2.07 billion.
Marvell (MRVL) Completes Acquisition of XConn Technologies
Marvell Technology has finalized its acquisition of XConn Technologies, specializing in PCIe and CXL switching silicon. This strategic move is expected to contribute $50 million in revenue by Q4 fiscal 2027 and $100 million by fiscal 2028, despite an increase in non-GAAP operating expenses and a reduction in cash holdings. Marvell's financial health remains strong, characterized by robust profitability and growth metrics, though some warning signs like insider selling and capital allocation inefficiencies are noted.
Marvell Completes Acquisition of XConn Technologies
Marvell Technology, Inc. (NASDAQ: MRVL) has completed its previously announced acquisition of XConn Technologies, a provider of advanced PCIe and CXL switching silicon. This acquisition will expand Marvell’s switching portfolio and strengthen its capabilities in scale-up connectivity for next-generation AI and cloud data center architectures. Marvell anticipates initial revenue contributions from XConn in Q3 fiscal 2027, ramping to $50 million annualized run rate by Q4 fiscal 2027, and $100 million in revenue by fiscal 2028.
Marvell Closes XConn Technologies Acquisition
Marvell Technology Group Ltd (MRVL) announced the completion of its acquisition of XConn Technologies. This acquisition follows earlier reports in January regarding Marvell's plans to acquire the networking equipment firm for approximately $540 million, expanding its leadership in AI data center connectivity. The news was published by MT Newswires, and various analyst ratings and price target adjustments for Marvell Technology have been noted around this period.
Marvell Completes Acquisition of XConn Technologies
Marvell Technology, Inc. has completed the acquisition of XConn Technologies, a provider of PCIe and CXL switching silicon. This acquisition expands Marvell's switching portfolio, strengthens its capabilities for AI and cloud data centers, and is expected to contribute $50 million in annualized revenue by Q4 fiscal 2027 and $100 million in fiscal 2028. The deal involved a $325 million reduction in Marvell's cash balance and an increase of approximately 2.7 million diluted weighted-average shares outstanding.
ProShare Advisors LLC Has $85.21 Million Stake in Marvell Technology, Inc. $MRVL
ProShare Advisors LLC reduced its stake in Marvell Technology by 20.6% in Q3, now holding 1,013,545 shares valued at $85.21 million. Marvell Technology reported strong Q3 earnings, beating analyst estimates with $0.76 EPS and $2.07 billion in revenue, and analysts maintain a "Moderate Buy" rating with a $115.31 target price. The company also recently paid a quarterly dividend of $0.06 per share and saw an EVP sell 5,000 shares.
Marvell Technology, Inc. Announces Conference Call to Review Fourth Fiscal Quarter and Fiscal Year 2026 Financial Results
Marvell Technology, Inc. announced it will host a conference call on Thursday, March 5, 2026, at 1:45 p.m. Pacific Time to discuss its fourth fiscal quarter and fiscal year 2026 financial results. Interested parties can join the live call via a provided "Call me™" link or dial-in numbers, with a webcast available on the Marvell Investor Relations website. A replay will also be accessible until March 12, 2026.
Marvell Technology, Inc. Announces Conference Call to Review Fourth Fiscal Quarter and Fiscal Year 2026 Financial Results
Marvell Technology, Inc. announced a conference call to discuss its financial results for the fourth fiscal quarter and fiscal year 2026. The call is scheduled for Thursday, March 5, 2026, at 1:45 p.m. Pacific Time. Interested parties can join via a live webcast or telephone.
Q4 2026 Marvell Technology, Inc. Earnings Conference Call
Marvell Technology, Inc. (MRVL) announced its Q4 2026 earnings conference call scheduled for March 5, 2026, at 1:45 pm PST. Interested parties can join the live conference call via a "Call me™" link or by dialing specific numbers for operator assistance. A replay of the call will be available until March 12, 2026, using a provided passcode.
Marvell Technology, Inc. Announces Conference Call to Review Fourth Fiscal Quarter and Fiscal Year 2026 Financial Results
Marvell Technology, Inc. announced it will host a conference call on Thursday, March 5, 2026, at 1:45 p.m. Pacific Time to discuss its fourth fiscal quarter and fiscal year 2026 financial results. Interested parties can join the call via webcast on the Marvell Investor Relations website or by phone. A replay of the call will also be available.
Marvell Technology, Inc. $MRVL Shares Sold by Candriam S.C.A.
Candriam S.C.A. reduced its stake in Marvell Technology ($MRVL) by 7.9% in Q3 2025, selling 76,493 shares and now holding 896,258 shares valued at $75.35 million. Additionally, EVP Mark Casper sold 5,000 shares in January, decreasing his direct ownership by over 20%. Marvell Technology recorded strong quarterly results, beating EPS and revenue estimates, and holds a "Moderate Buy" consensus rating from analysts with an average price target of $115.31.
Marvell Technology, Inc. $MRVL Shares Sold by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. significantly reduced its stake in Marvell Technology ($MRVL) by 4.8% in Q3, selling 16,958 shares, though the investment firm still holds a substantial position. This comes as Marvell Technology reported strong financial results, beating revenue and EPS expectations, and provided positive Q4 guidance. Despite some insider selling and mixed analyst price-target revisions, the company maintains a "Moderate Buy" consensus rating with an average target price of $115.31.
Marvell Technology, Inc. (NASDAQ:MRVL) Receives Consensus Recommendation of "Moderate Buy" from Analysts
Analysts have given Marvell Technology, Inc. (NASDAQ:MRVL) a "Moderate Buy" consensus rating, with an average 12-month price target of $115.31. The company recently exceeded Q3 earnings and revenue estimates, and institutional ownership remains high despite some insider selling. Key analysts have recently adjusted their price targets and ratings on the stock.
Appleton Partners Inc. MA Sells 129,980 Shares of Marvell Technology, Inc. $MRVL
Appleton Partners Inc. MA significantly reduced its stake in Marvell Technology (NASDAQ:MRVL) by 97.6% in the third quarter, selling 129,980 shares and retaining 3,206 shares valued at $270,000. This divestment contrasts with several other institutional investors, such as Norges Bank, DZ BANK, Amundi, and Franklin Resources, which substantially increased their positions in the semiconductor company. Marvell Technology recently surpassed quarterly earnings estimates, and analysts generally maintain a favorable "Moderate Buy" rating with an average target price of $115.31.
