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flag Financial firms Natixis and BI Asset Management increased their stakes in Marvell Technology despite its 83.51% stock drop.

flag Financial firm Natixis increased its holdings in semiconductor company Marvell Technology by buying 8,535 additional shares in the fourth quarter, now owning 700,643 shares worth $77.4 million. flag Another firm, BI Asset Management, also boosted its stake in Marvell by purchasing 100,013 shares, now holding $22.9 million worth of the stock. flag Despite these investments, Marvell's stock fell by 83.51% in the quarter, though it currently has a "Moderate Buy" rating and a target price of $116.41.

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