31 ETFs Add to Marvell (MRVL) Holdings on Oct. 21
This article first appeared on GuruFocus.
SOXX led the move, with ETF activity lifting Marvell Technology (MRVL) by a net $59.5 million in Wednesday’s session as 31 ETFs bought and 18 sold. The buying extended a three-day streak for the stock. Net inflows reached $154.3 million on Oct. 20 and $116.4 million on Oct. 19, following outflows of $2.9 million on Oct. 16 and $66.3 million on Oct. 15.
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For the full record of ETF and guru buying and selling in MRVL, see the MRVL guru trades page.
Which ETFs bought MRVL on Wednesday?
The largest buyers by dollar value were SOXX ($59.9 million), QQQM ($2.2 million) and SPYM ($0.7 million). In all, 31 ETFs added shares and 18 cut them.
SOXX accounted for the bulk of the day’s activity, adding 244,647 shares for a $59.9 million value change, a 2.87% increase in its stake and a 4.6% portfolio weight. QQQM added $2.2 million, while SPYM, XLK, SPYV, QTEC, IWY and XSD each contributed smaller amounts. Marvell operates in the Technology sector’s Semiconductors industry with a market cap of $196.0 billion.
Have ETFs been buying or selling MRVL lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does MRVL do?
Marvell Technology is a fabless semiconductor company specializing in data infrastructure silicon spanning the data center, enterprise networking, carrier, consumer, and automotive markets.
Marvell reported $9.45 billion in trailing-12-month revenue, up 28.8% over one year, with gross margin of 51.4% and net margin of 27.9%. It trades at a P/E of 73.58, P/B of 10.57 and P/S of 20.94. Its GF Score is 74, and GF Value of $125.27 compares with a price of $223.47. The dividend yield is 0.11%, and the stock is up 163.41% year to date.