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Fisher Asset Management Reduces Marvell Technology Stock Holdings
Hedge fund trims position in semiconductor company by 4.7% in Q3
Mar. 3, 2026 at 6:23am
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Fisher Asset Management LLC decreased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 4.7% during the 3rd quarter, according to a regulatory filing. The firm owned 767,540 shares of the semiconductor company's stock worth $64,527,000 as of its most recent SEC filing.
Why it matters
Marvell Technology is a major semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. Changes in institutional ownership of the stock can signal shifts in investor sentiment and market expectations for the company.
The details
Fisher Asset Management sold 37,759 shares of Marvell Technology during the third quarter, reducing its total position to 767,540 shares worth $64.5 million. Other hedge funds have also modified their holdings of Marvell, with some increasing and others decreasing their positions. The company recently reported quarterly earnings that beat analyst estimates, with revenue up 36.8% year-over-year.
- Fisher Asset Management filed its 13F report for the 3rd quarter of 2026 on March 3, 2026.
The players
Fisher Asset Management LLC
A hedge fund that manages over $200 billion in assets and is one of the largest institutional investors in Marvell Technology.
Marvell Technology, Inc.
A global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets.
The takeaway
The reduction in Fisher Asset Management's Marvell Technology position suggests the hedge fund may have a more cautious outlook on the semiconductor company's near-term prospects, though Marvell continues to report strong financial results amid growing demand for its products in data centers and other key markets.
