HighTower Advisors LLC Reduces Holdings in Marvell Technology, Inc. $MRVL

NodeGuardian · 2026-02-20T13:09:34+00:00

HighTower Advisors reduced its stake in Marvell Technology by 21.1%, while Norges Bank and OVERSEA CHINESE BANK increased their holdings. Marvell exceeded earnings expectations with a $0.76 EPS and $2.07 billion revenue, earning a "Moderate Buy" rating.

NodeGuardian

2026-02-20 13:09:34

Abstract generation in progress

HighTower Advisors LLC decreased its stake in Marvell Technology, Inc. by 21.1% in the third quarter, selling 51,626 shares and retaining 193,384 shares valued at $16.26 million. Despite this reduction, other significant institutional movements include Norges Bank acquiring a new $716.7 million stake and OVERSEA CHINESE BANKING increasing its holdings by 1,292%. Marvell Technology exceeded its quarterly earnings estimates, reporting $0.76 EPS and $2.07 billion in revenue, and holds a “Moderate Buy” consensus rating from analysts with an average price target of $115.16.

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