Nordea, Parisi Gray, Graypoint Load Up On Marvell Technology Shares, IAIM Dilutes 98% In Q4: Here's What MRVL's Technical Analysis Says

Core Viewpoint - Wealth management firms have significantly increased their investments in Marvell Technology Inc. (MRVL) shares, driven by the company's new chip milestone and strong technical indicators suggesting a bullish trend [1][4]. Investment Activity - Parisi Gray Wealth Management raised its stake in MRVL by 8,181 shares, a 197% increase, with a total investment value of $1.363 million as of December 31, 2024 [1]. - Nordea Investment Management increased its stake by 14%, adding 571,005 shares, bringing its total investment value to $518.435 million [2]. - Graypoint added 894 shares, increasing its stake by 29%, with an investment value of $443,000 [2]. - Conversely, International Assets Investment Management sold 98% of its shares, offloading 236,361 shares, leaving a current investment value of $405,000 [3]. Company Performance - Marvell's new XPU chip enhances AI server performance, contributing to the company's strong fundamentals and technical performance [4]. - The CEO projected a 26% growth in revenue for fiscal 2025 on an annual basis [5]. - MRVL shares are trading above their 20, 50, and 200-day moving averages, indicating a bullish trend, with the 20-day average at $114.76, the 50-day at $103.14, and the 200-day at $78.89 [6]. Analyst Insights - Analysts have set a consensus price target of $112.5 for MRVL, with the highest target at $149 and the lowest at $75 [7]. - The average price target from major analysts suggests a potential upside of 21.29% for MRVL [7]. Stock Performance - MRVL shares have increased by 75.82% over the past year, significantly outperforming the Invesco QQQ Trust ETF, which rose by 23.33% in the same period [8]. - Over the last six months, MRVL shares gained 56.52%, while QQQ only increased by 1.80% [8].