Is it a Smart Choice to Invest in Marvell Technology (MRVL)?

ClearBridge Investments, an investment management firm, published its “Mid Cap Growth Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the ClearBridge Mid Cap Growth Strategy outperformed its Russell Midcap Growth benchmark. On an absolute basis, the Strategy had gains across eight of the 10 sectors in which it was invested during the quarter (out of 11 sectors total), with the IT sector the leading contributor, while the consumer discretionary sector was the primary detractor. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments Mid Cap Growth Strategy, in its Q4 2021 investor letter, mentioned Marvell Technology, Inc. (NASDAQ:MRVL) and discussed its stance on the firm. Founded in 1995, Marvell Technology, Inc. (NASDAQ:MRVL) is a Wilmington, Delaware-based data infrastructure semiconductor solutions provider with a $57.9 billion market capitalization, and is currently spearheaded by its CEO, Matthew Murphy. Marvell Technology, Inc. (NASDAQ:MRVL) delivered a -21.92% return since the beginning of the year, while its 12-month returns are up by 35.64%. The stock closed at $68.31 per share on April 05, 2022.

Here is what ClearBridge Investments Mid Cap Growth Strategy has to say about Marvell Technology, Inc. (NASDAQ:MRVL) in its Q4 2021 investor letter:

“The ClearBridge Mid Cap Growth Strategy continued to deliver strong absolute and relative returns as our focus on de-risking investments prior to purchase and managing position sizes has made a difference through recent market turbulence. Marvell Technology, a leader in semiconductor manufacturing, is in the second-largest position in the Strategy but just one of three stocks with a weighting of over 3% in a diversified growth portfolio of over 70 names. With a wide range of exposure to fast-growing IT subsectors, including 5G telecommunications, data centers, cloud computing, and electric vehicles, Marvell’s ability to secure a crucial supplier position at the nexus of these technologies leaves it well-positioned to participate in their long-term growth. Strength in companies like Marvell offset weakness in higher multiple growth names that were dragged down by negative sentiment or short-term execution issues.”


Our calculations show that Marvell Technology, Inc. (NASDAQ:MRVL) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Marvell Technology, Inc. (NASDAQ:MRVL) was in 60 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 45 funds in the previous quarter. Marvell Technology, Inc. (NASDAQ:MRVL) delivered a -18.79% return in the past 3 months.

In February 2022, we also shared another hedge fund’s views on Marvell Technology, Inc. (NASDAQ: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.