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, June 11, 2013. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $11.07 as of 10 a.m. ET, the dividend yield is 2.2%.

The average volume for Marvell Technology Group has been 7.2 million shares per day over the past 30 days. Marvell Technology Group has a market cap of $5.35 billion and is part of the technology sector and electronics industry. Shares are up 48.2% 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 22, above the S&P 500 P/E ratio of 17.7.

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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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Marvell Technology Group Ratings Report.

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