6. Marvell Technology, Inc. (NASDAQ:MRVL)
Short Interest as % of Shares Outstanding: 4.22%
Number of Hedge Fund Holders:
Marvell Technology, Inc. (NASDAQ:MRVL) is a prominent developer and manufacturer of semiconductors and related technology solutions. It is a notable name in the industry with a global footprint and over 10,000 patents. The company is known for driving technology innovations in several tech industries such as data infrastructure, 5G networks, cloud computing, and storage.
The company’s products range from data processing units (DPUs) and custom ASICs to security solutions and networking infrastructure processors. Its ThunderX and OCTEON series are deployed across important applications in cloud services, telecom, and automotive industries. Marvell’s (NASDAQ:MRVL) contributions to the semiconductor industry include collaborations with leading firms such as Microsoft Azure, Huawei, and Ericsson, to help drive 5G infrastructure and advanced cloud services.
The company’s 5G offerings include scalable, programmable, and high-performance silicon solutions that help carriers innovate sustainably. Its technology supports energy-efficient, cloud-optimized services with low total cost of ownership. The company collaborates closely with partners to ensure secure, reliable 5G connectivity for critical applications, from VR and AR to industrial automation.
Marvell’s (NASDAQ:MRVL) OCTEON 10 family features advanced 5nm baseband processors optimized for 5G and LTE-A networks. The OCTEON 10 Fusion baseband processor, known for low latency and high data rates, is designed for integrated and virtualized RAN architectures, with support for Massive MIMO and various radio frequencies. It offers programmability for future 5G enhancements and supports global 5G deployments.
It also provides 5G Open vRAN accelerators, which use PCIe card format for high-performance and cost-effective cloud-based RAN virtualization. The accelerators improve the capabilities of Open RAN and cloud ecosystems. Moreover, the company’s OCTEON 10 DPU family focuses on hyperscale cloud workloads, 5G transport, and edge inferencing, which offer significant compute power, energy efficiency, and integrated security features. The family supports high-speed interfaces like PCIe 5.0 and DDR5.
Marvell (NASDAQ:MRVL) ranks 6th on our list of worst 5G stocks to buy according to short sellers. Moreover, it was also a part of our September 10 article: 20 Worst Performing AI Stocks of Last Week, after declining 15.13% in the first week of September.
In the second quarter, the company’s stock was held by 74 hedge funds, at a combined value of $3.57 billion. Matrix Capital Management has been the company’s largest shareholder since the second quarter with over 15 million shares, worth $1.052 billion.
Artisan Partners stated the following regarding Marvell Technology, Inc. (NASDAQ:MRVL) in its Q2 2024 investor letter:
“During the quarter, we initiated new GardenSM positions in CCC Intelligent Solutions, Marvell Technology, Inc. (NASDAQ:MRVL) and Insmed. Marvell Technology is a semiconductor company offering networking, secure data processing and storage solutions to customers worldwide. We believe Marvell has among the broadest range of intellectual property in technological areas (e.g., high-bandwidth data switching and storage applications) that position it well for the growing requirements of data centers, wireless networks and autos. Several of the company’s product lines (e.g., custom silicon, optical connectivity and switching) are benefiting from the growth of AI data centers. And we believe a significant opportunity exists for the company to help design and manufacture cost-effective custom data center chips that would help cloud providers reduce their reliance on expensive graphics processing units (GPUs). Furthermore, like many other semiconductor companies, a portion of its business may be poised for a cyclical recovery after the industry’s recent inventory correction.”
