ETFs Bought $13.1 Million of Marvell (MRVL) on Thursday

This article first appeared on GuruFocus.

TQQQ led the ETF activity, adding $5.3 million of Marvell Technology (MRVL) on Thursday, Nov. 5, as funds bought a net $13.1 million of the stock. Forty-four ETFs were buyers against 19 sellers, with 153 holding steady. The buying extended a four-day streak that included net inflows of $11.1 million on Nov. 4, $27.3 million on Nov. 3 and $47.3 million on Nov. 2.

Track the latest ETF buying and selling trends and search funds in the GuruFocus ETF Screener.

For the full record of ETF and guru buying and selling in MRVL, see the MRVL guru trades page.

Which ETFs bought MRVL on Thursday?

The largest buyers by dollar value were TQQQ ($5.3 million), QQQM ($2.5 million) and QTEC ($1.3 million). In all, 44 ETFs added shares and 19 cut them.

TQQQ added 39,960 shares for a 6.27% stake change, while QQQM bought 18,480 shares worth $2.5 million. QTEC added 9,666 shares ($1.3 million), IWF 8,855 shares ($1.2 million) and XLK 8,712 shares ($1.2 million); RSP, IYW and SPYM also added smaller amounts. Marvell sits in the Technology sector and Semiconductors industry with a market cap of $123.8 billion.

Have ETFs been buying or selling MRVL lately?

Over the last 4 reported days, ETFs were net buyers on 4 and net sellers on 0, 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 trailing-12-month revenue of $9.45 billion, up 28.8% over the year. Gross margin was 51.4% and net margin 27.9%. The stock trades at a P/E of 46.49, P/B of 6.68 and P/S of 13.23, with a GF Score of 85. GF Value is $127.66 versus a price of $141.20, the dividend yield is 0.13% and the year-to-date return is 66.44%.

MRVL at a glance

Compare MRVL’s share price with its GF Value, see recent insider trades, or check which gurus own MRVL.