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

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 Technology sector higher today making it today's featured technology winner. The sector as a whole was unchanged today. By the end of trading, Marvell Technology Group rose $0.14 (1.3%) to $11.07 on average volume. Throughout the day, 8,637,484 shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 7,865,100 shares. The stock ranged in a price between $10.89-$11.25 after having opened the day at $10.94 as compared to the previous trading day's close of $10.93. Other companies within the Technology sector that increased today were: Pointer Telocation ( PNTR), up 46.9%, Sky-mobi ( MOBI), up 43.3%, SolarCity ( SCTY), up 24.2% and China Information Technology ( CNIT), up 19.9%.
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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 $5.4 billion and is part of the electronics industry. The company has a P/E ratio of 20.0, above the S&P 500 P/E ratio of 17.7. Shares are up 48.7% year to date as of the close of trading on Friday. 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.

On the negative front, Astea International ( ATEA), down 11.0%, Friendfinder Networks ( FFN), down 10.3%, DragonWave ( DRWI), down 10.0% and TigerLogic Corporation ( TIGR), down 9.6% , were all laggards within the technology sector with Applied Materials ( AMAT) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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