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

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.

Marvell Technology Group ( MRVL) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Marvell Technology Group fell 18 cents (-1.8%) to $10.10 on light volume. Throughout the day, 8.6 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 12.3 million shares. The stock ranged in price between $10.09-$10.34 after having opened the day at $10.30 as compared to the previous trading day's close of $10.28. Other companies within the Electronics industry that declined today were: Suntech Power Holdings ( STP), down 16.7%, Spire Corporation ( SPIR), down 12.2%, CGG ( CGG), down 9%, and Revolution Lighting Technologies ( RVLT), down 7.2%.
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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 $5.37 billion and is part of the technology sector. The company has a P/E ratio of 11.7, below the S&P 500 P/E ratio of 17.7. Shares are up 38.3% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Marvell Technology Group a buy, two analysts rate it a sell, and 16 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, 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.

On the positive front, Plug Power ( PLUG), up 30.4%, Faro Technologies ( FARO), up 17.6%, Aeroflex ( ARX), up 12.5%, and Netlist ( NLST), up 11.4%, were all gainers within the electronics industry with Avago Technologies ( AVGO) being today's featured electronics industry leader.

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).

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