Korea Investment Adds $19M in Marvell Technology, Inc. ($MRVL)
Key Points
- Korea Investment changed its Marvell Technology, Inc. ($MRVL) stake by 10.7% last quarter, boosting to 687,647 shares worth $192.27 million.
- Wall Street's consensus rating on $MRVL is Strong Buy and an average price target of $235.70.
- $MRVL last traded around $279.60.
Korea Investment increased its position in Marvell Technology, Inc. ($MRVL) by 10.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 687,647 shares of Marvell Technology, Inc. after buying 66,672 shares during the quarter. Korea Investment's holdings in Marvell Technology, Inc. were worth $192.27 million as of its most recent filing.
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About Marvell Technology, Inc.
Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally. The company develops and scales system-on-a-chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of ethernet solutions, including spanning controllers, network adapters, physical transceivers, and switches; single or multiple core processors; and custom application specific integrated circuits, interconnects, fibre channel adapters, and processors. The company also provides interconnect products, including pulse amplitude modulation, coherent and coherent-lite digital signal processors (DSPs), laser drivers, trans-impedance amplifiers, silicon photonics, co-packaged optics, linear pluggable optics chipsets, data center interconnect, active electrical cable DSPs and peripheral component interconnect express retimer solutions; fibre channel products comprising host bus adapters and controllers for server and storage system connectivity; storage controllers for hard disk drives and solid-state-drives; host system interfaces, including serial advanced technology attachment and serial attached SCSI, peripheral component interconnect express, compute express link switches, non-volatile memory express (NVMe), and NVMe over fabrics; and develops ultra accelerator linkTM switches and ethernet for scale-up networking switches. The company serves data centers, communications, and other markets. It offers its products through direct customers and distributors. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.
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