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Marvell Technology saw a major stake increase by Sumitomo Mitsui Trust, with strong revenue growth and a "Moderate Buy" rating.
Sumitomo Mitsui Trust Group Inc. increased its Marvell Technology (MRVL) stake by 5.9%, while other investors like Perpetual Ltd and Creative Financial Designs Inc. reduced their holdings.
Marvell reported a 63.3% revenue increase year-over-year, with earnings per share of $0.62, beating estimates.
The stock has a "Moderate Buy" rating with a consensus target of $96.33 and a market cap of $66.65 billion.
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Marvell Technology vio un importante aumento de la participación de Sumitomo Mitsui Trust, con un fuerte crecimiento de los ingresos y una calificación de "Compra Moderada".