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TheStreet Wire

Marvell Technology Group Ltd. (MRVL): Today's Featured Electronics Loser

By TheStreet Wire 06/15/12 - 05:01 PM EDT

Find out if (MRVL) is in Cramer's Portfolio.

Marvell Technology Group (MRVL) pushed the Electronics industry lower today making it today's featured Electronics loser. The industry as a whole closed the day up 1.6%. By the end of trading, Marvell Technology Group fell 8 cents (-0.7%) to $11.52 on average volume. Throughout the day, 9.6 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 10.8 million shares. The stock ranged in price between $11.50-$11.70 after having opened the day at $11.57 as compared to the previous trading day's close of $11.60. Other company's within the Electronics industry that declined today were: Microvision (MVIS), down 24.1%, New Energy Systems Group (NEWN), down 17.2%, II-VI (IIVI), down 12.6%, and SatCon Technology Corporation (SATC), down 10.7%.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. Marvell Technology Group has a market cap of $6.63 billion and is part of the technology sector. The company has a P/E ratio of 12.7, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 11.2% year to date as of the close of trading on Thursday. Currently there are 16 analysts that rate Marvell Technology Group a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Marvell Technology Group as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

You can view the full Marvell Technology Group Ratings Report.

On the positive front, ReneSola (SOL), up 32%, Hanwha SolarOne (HSOL), up 24.1%, Winland Electronics (WEX), up 15.4%, and Rambus (RMBS), up 14%, were all gainers within the electronics industry with Applied Materials (AMAT) being today's featured electronics industry winner.

Use our electronics section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology (IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor (SSG).

Find other investment ideas from our top rated ETFs lists.

For more information on Marvell Technology Group Ltd. click any of the following:

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