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 was unchanged today. By the end of trading, Marvell Technology Group fell 20 cents (-1.9%) to $10.32 on light volume. Throughout the day, 8.2 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 11.3 million shares. The stock ranged in price between $10.16-$10.57 after having opened the day at $10.53 as compared to the previous trading day's close of $10.52. Other companies within the Electronics industry that declined today were: Memsic ( MEMS), down 15.2%, Oclaro ( OCLR), down 8.7%, Suntech Power Holdings ( STP), down 8.6%, and Digital Power Corporation ( DPW), down 8.3%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $5.72 billion and is part of the technology sector. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 44.9% year to date as of the close of trading on Monday. Currently there are seven analysts that rate Marvell Technology Group a buy, two analysts rate it a sell, and 14 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. 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.

On the positive front, Aehr Test Systems ( AEHR), up 28.9%, Plug Power ( PLUG), up 24.4%, Lattice Semiconductor Corporation ( LSCC), up 10.9%, and Aetrium Incorporated ( ATRM), up 8.1%, were all gainers within the electronics industry with Cirrus Logic ( CRUS) 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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

These Stocks Are Ready to Reverse Course

Janet Yellen and Powerball - 5 Things You Must Know Before the Market Opens

These Stocks Are Ready to Reverse Course

ON Semiconductor Shares Decline on Pacific Crest Downgrade

There's Up to 30% Upside in These Airline Stocks