Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.0%. By the end of trading, Marvell Technology Group fell $0.21 (-1.4%) to $14.27 on average volume. Throughout the day, 5,367,742 shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 7,152,200 shares. The stock ranged in price between $14.20-$14.59 after having opened the day at $14.44 as compared to the previous trading day's close of $14.48. Other companies within the Electronics industry that declined today were:
), down 10.2%,
), down 8.4%,
), down 3.7% and
), down 2.8%.
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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 $7.2 billion and is part of the technology sector. The company has a P/E ratio of 24.3, above the S&P 500 P/E ratio of 17.7. Shares are up 100.8% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Marvell Technology Group a buy, 3 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Marvell Technology Group
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.
- You can view the full Marvell Technology Group Ratings Report.
On the positive front,
), up 26.0%,
), up 25.5%,
), up 7.9% and
), up 7.3% , were all gainers within the electronics industry with
) being today's featured electronics industry leader.
- Use our electronics section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider
) while those bearish on the electronics industry could consider
- Find other investment ideas from our top rated ETFs lists.