Carillon Tower Advisers: “Marvell (MRVL) is Set to Exhibit Robust Growth in the Upcoming Year”

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Carillon Tower Advisers, in its Q4 2021 investor letter, mentioned Marvell Technology Group Ltd. (NASDAQ: MRVL) and discussed its stance on the firm. Marvell Technology Group Ltd. is a Wilmington, Delaware-based data infrastructure semiconductor solutions provider with a $65.5 billion market capitalization. MRVL delivered a -11.14% return since the beginning of the year, while its 12-month returns are up by 53.67%. The stock closed at $77.74 per share on February 09, 2022.

Here is what Carillon Tower Advisers has to say about Marvell Technology Group Ltd. in its Q4 2021 investor letter:

“Marvell Technology provides infrastructure semiconductor solutions. Investors have recently appreciated the particularly strong growth the company has posted, as it is winning designs in the datacenter server market as well as winning notable contracts in the upcoming 5G wireless infrastructure build-outs. Supply chain issues had hampered growth in 2021 for the company, but with some improvements there recently, we believe Marvell is set to exhibit robust growth in the upcoming year.”

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Our calculations show that Marvell Technology Group Ltd. (NASDAQ: MRVL) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. MRVL was in 45 hedge fund portfolios at the end of the third quarter of 2021, compared to 51 funds in the previous quarter. Marvell Technology Group Ltd. (NASDAQ: MRVL) delivered a 9.54% return in the past 3 months.

In October 2021, we also shared another hedge fund’s views on MRVL in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.