Annex Advisory Services 13F: Adds $46M to MRVL Stake

Annex Advisory Services boosted its position in Marvell Technology, Inc. (MRVL) on October 16, 2026, with its latest Form 13F filing. The firm increased its stake by 175,209 shares, bringing its total to 196,274 shares worth about $51.9 million. This represents a substantial increase of 831.8% since its last reported position of 21,065 shares.

What Changed in Annex Advisory Services' Marvell Position

In its recent filing, Annex Advisory Services added to its holdings in Marvell Technology, which specializes in semiconductor solutions. The filing reflects the firm's commitment to the technology sector and highlights a significant shift in their investment strategy.

Other Institutional Activity in Marvell

Several other institutional investors have also been active in Marvell. BlackRock Inc. grew its holdings by 21,796,553 shares, resulting in a total of 85,641,174 shares worth approximately $19.5 billion. Vanguard Capital Management LLC increased its position by 18,793,876 shares, for a total of 57,898,902 shares valued at around $13.2 billion. Meanwhile, State Street Corporation added 18,495,766 shares, bringing its total to 41,834,272 shares worth about $9.5 billion.

Marvell Technology, Inc. Stock Down 6.3%

Marvell's shares are currently trading around $229.89, which is 4.5% below the 50-day moving average of $240.70 but well above its 200-day average, which is 31.2% lower. The stock is 30.3% below its 52-week high of $329.88, but also 225.2% above its 52-week low of $70.69, showing resilience in a challenging market.

Recent Earnings

For the trailing twelve months, Marvell reported revenues of approximately $9.45 billion, with an EPS of $3.04, reflecting a revenue growth of 36.5% year-over-year. The next earnings report is set for December 1, 2026, which will provide further insights into the company's performance.

Insider Buying and Selling at Marvell Technology, Inc.

Insider transactions have also taken place at Marvell. On August 3, 2026, President Christopher R. Koopmans sold 10,000 shares at an average price of $180.50, totaling $1.8 million in value. CEO Matthew Joseph Murphy sold 7,500 shares on August 17, 2026, at $236.08, for a total of approximately $1.77 million. Other recent sales include Koopmans on September 1, 2026, selling 10,000 shares and Murphy on September 15, 2026, selling 7,500 shares at $223.39.

Analysts Set New Price Targets

Analysts are optimistic about Marvell's future. On October 7, 2026, UBS, Jefferies, JP Morgan, Wells Fargo, and Wolfe Research all maintained their ratings, with price targets ranging from $350 to $450. The consensus recommendation remains a strong buy, with a mean target price of $339.36 based on 44 analyst opinions.

About Marvell Technology

Marvell Technology, Inc. designs and produces semiconductor solutions, focusing on data infrastructure, from data centers to network edges. The company operates globally and is known for its system-on-a-chip architectures that combine various processing functionalities.

Bottom Line

Marvell's upcoming earnings report on December 1, 2026, will be a key event to watch as investors analyze the impact of recent institutional movements and insider activities. Annex Advisory's significant boost in holdings reflects growing confidence in Marvell's future prospects, even as the stock trades below its recent highs. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.