5 Stocks Pushing The Electronics Industry Higher

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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 14,565 as of Thursday, April 4, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,354 declining with 153 unchanged.

The Electronics industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Advantest ( ATE), up 5.0%, Kyocera Corporation ( KYO), up 2.7%, Cree ( CREE), up 1.9%, Agilent Technologies ( A), up 1.6% and Altera ( ALTR), up 1.6%. A company within the industry that fell today was STMicroelectronics ( STM), up 2.9%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Marvell Technology Group ( MRVL) is one of the companies pushing the Electronics industry higher today. As of noon trading, Marvell Technology Group is up $0.32 (3.2%) to $10.33 on average volume Thus far, 3.8 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $9.95-$10.36 after having opened the day at $9.99 as compared to the previous trading day's close of $10.01.

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 $5.1 billion and is part of the technology sector. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7. Shares are up 39.4% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Marvell Technology Group a buy, 2 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. Get the full Marvell Technology Group Ratings Report now.

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