Marvell Technology Group Stock To Go Ex-dividend Tomorrow (MRVL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- The ex-dividend date for Marvell Technology Group (Nasdaq: MRVL) is tomorrow, September 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $10.47 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for Marvell Technology Group has been 10.5 million shares per day over the past 30 days. Marvell Technology Group has a market cap of $5.82 billion and is part of the technology sector and electronics industry. Shares are down 24.7% year to date as of the close of trading on Friday.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. The company has a P/E ratio of 13.4, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Marvell Technology Group Ratings Report.

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