After you receive this post, we will be selling 250 shares of Marvell Technology (MRVL) at roughly $66.86. Following the trade, MRVL will represent 2.23% of the Charitable Trust.

As a reminder, we will always wait 45 minutes after we publish a trade alert before executing the trade. By waiting, we presume that Investing Club members will receive a better price in the market than what we do.

Marvell Technology has been a great outperformer for the Trust recently. Over the past two weeks, shares have rallied roughly 13% to new all-time highs, with the catalyst being an incredibly impressive Investor Day event where management raised its long-term revenue growth target to 15% to 20%, above the prior 12%-to-16% range.

In light of this recent strength, we think it is prudent to lock in gains at these higher levels and not be greedy. The trade will also slightly raise our cash position, providing us with more flexibility to buy other stocks we have the same level of conviction in but are still trading well below their prior levels.

The heart of earnings season is also quickly approaching, and we like the idea of raising our coffers a bit so that we can easily jump on buying opportunities as they present themselves.

Locking in 180% gain:

Despite today’s trim, we continue to believe Marvell Technology is a data center, 5G, and automotive chip powerhouse, operating in “the sweet spot” of the semiconductor industry, as we discussed in our newsletter last week.

We love how the company has the most revenue exposure to data infrastructure markets relative to its large industry peers. We are making no changes to our long-term Marvell Technology thesis; we simply would rather be buyers on a pullback.

We will realize a gain of roughly 180% with this trim.

The CNBC Investing Club is now the official home to my Charitable Trust. It’s the place where you can see every move we make for the portfolio and get my market insight before anyone else. The Charitable Trust and my writings are no longer affiliated with Action Alerts Plus in any way.

(Jim Cramer's Charitable Trust is long MRVL.)