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Salem Investment Counselors Inc. Boosts Stake in Marvell Technology
The investment firm increased its holdings in the semiconductor company by 33.2% in the fourth quarter.
Mar. 24, 2026 at 11:18am
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Salem Investment Counselors Inc. raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 33.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm now owns 111,010 shares of the semiconductor company's stock, valued at $9.43 million.
Why it matters
Marvell Technology is a major player in the semiconductor industry, providing chips and technology for data infrastructure, networking, storage, and connectivity applications. Salem Investment Counselors' increased stake in the company signals their confidence in Marvell's growth potential and future performance.
The details
According to the SEC filing, Salem Investment Counselors acquired an additional 27,696 shares of Marvell Technology during the fourth quarter, bringing their total holdings to 111,010 shares. This represents a 33.2% increase in their stake in the company.
- Salem Investment Counselors Inc. increased its stake in Marvell Technology during the fourth quarter of 2026.
The players
Salem Investment Counselors Inc.
An investment management firm that provides financial advisory services and manages investment portfolios for clients.
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
Salem Investment Counselors' increased stake in Marvell Technology reflects their confidence in the semiconductor company's growth potential and future performance, which could signal positive developments for Marvell's business and stock price.
