5 Best Semiconductor Stocks to Invest in According to Ken Griffin’s Citadel Investment Group

2. Marvell Technology, Inc. (NASDAQ:MRVL)

Citadel Investment Group’s Stake Value: $466 million

Percentage of  Citadel Investment Group’s 13F Portfolio: 0.09%

Number of Hedge Fund Holders: 61

Marvell Technology, Inc. (NASDAQ:MRVL) is a chip company offering products such as signals processing devices and applications processors for use in gadgets such as WiFi routers and smartphones.

Marvell Technology, Inc. (NASDAQ:MRVL) earned $1.34 billion in revenue and $0.50 in non-GAAP EPS for its fiscal fourth quarter, beating analyst estimates for both. 61 out of the 924 hedge funds polled by Insider Monkey during Q4 2021 had owned the company’s shares.

Mr. Griffin’s Citadel Investment owned a $466 million stake in Marvell Technology, Inc. (NASDAQ:MRVL) via 5.3 million shares as the fourth quarter of last year came to an end. After Citadel, which is the company’s largest investor, Marvell Technology, Inc. (NASDAQ:MRVL)’s largest holding belongs to Brian Ashford-Russell and Tim Woolley’s Polar Capital, which owns 3.3 million shares worth $290 million.

Carillon Tower Advisers in its fourth quarter 2021 investor letter mentioned Marvell Technology, Inc. (NASDAQ:MRVL) and stated that:

“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.”