Marvell Technology Group Ltd. (MRVL): Today's Featured Electronics Loser
(
) pushed the Electronics industry lower today making it today's featured Electronics loser. The industry as a whole closed the day down 1.3%. By the end of trading, Marvell Technology Group fell 27 cents (-2.1%) to $12.78 on average volume. Throughout the day, 12 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 11 million shares. The stock ranged in price between $12.71-$12.89 after having opened the day at $12.89 as compared to the previous trading day's close of $13.05. Other company's within the Electronics industry that declined today were:
(
), down 26.3%,
(
), down 10.1%,
(
), down 8.5%, and
Semiconductor Manufacturing International C
(
), down 7.9%.
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 $7.49 billion and is part of the
sector. The company has a P/E ratio of 14.1, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 5.6% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Marvell Technology Group a buy, one analyst rates it a sell, and seven rate it a hold.
TheStreet Ratings rates Marvell Technology Group as a
. 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,
(
), up 59.2%,
(
), up 29.1%,
(
), up 15.8%, and
(
), up 14.5%, were all gainers within the electronics industry with
(
) 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
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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