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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.