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Financial firms Natixis and BI Asset Management increased their stakes in Marvell Technology despite its 83.51% stock drop.
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.
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.
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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Las empresas financieras Natixis y BI Asset Management aumentaron sus participaciones en Marvell Technology a pesar de su caída del 83,51%.