FMR LLC reveals 14.9% Marvell Technology (MRVL) ownership stake in 13G/A
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
FMR LLC has disclosed a significant passive stake in Marvell Technology Inc. The filing shows FMR LLC beneficially owns 126,698,928.11 shares of Marvell common stock, representing 14.9% of the class, with sole power to dispose of these shares and no shared voting or dispositive power.
FMR LLC has sole voting power over 120,017,966.69 shares. Abigail P. Johnson is also listed as a reporting person, with sole dispositive power over the same 126,698,928.11 shares and no voting power, reflecting her role as a control person. The securities are certified as being held in the ordinary course of business and not for the purpose of changing or influencing control of Marvell.
Positive
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Negative
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FAQ
How much of Marvell Technology Inc (MRVL) does FMR LLC beneficially own?
FMR LLC reports beneficial ownership of 126,698,928.11 shares of Marvell common stock, representing 14.9% of the outstanding class. This gives FMR a significant institutional position while remaining a passive investor under Schedule 13G rules.
What stake in Marvell Technology does Abigail P. Johnson report?
Abigail P. Johnson reports beneficial ownership with sole dispositive power over 126,698,928.11 shares, equal to 14.9% of Marvell’s common stock, and no voting power. Her reporting status reflects her role as a control person of FMR LLC.
Is FMR LLC’s position in Marvell (MRVL) described as passive or activist?
The filing certifies the Marvell shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Marvell. This indicates FMR LLC is reporting a passive investment position under Schedule 13G.
Why is a Schedule 13G/A filed for Marvell Technology Inc (MRVL)?
A Schedule 13G/A is filed when a holder exceeds 5% beneficial ownership and qualifies for the short-form, passive schedule. FMR LLC’s 14.9% stake in Marvell triggers this disclosure, updating investors on the scale and nature of its ownership.
Who signed the Marvell (MRVL) Schedule 13G/A on behalf of FMR LLC and Abigail Johnson?
The filing is signed by Stephanie J. Brown, acting under powers of attorney for both FMR LLC and Abigail P. Johnson. The signatures certify the accuracy of the ownership information and the passive-investor certification included in the document.