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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 2.2%. By the end of trading, Marvell Technology Group fell $0.23 (-2.0%) to $11.27 on heavy volume. Throughout the day, 11,308,709 shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 5,873,700 shares. The stock ranged in price between $11.21-$11.57 after having opened the day at $11.43 as compared to the previous trading day's close of $11.50. Other companies within the Electronics industry that declined today were: Rubicon Technology ( RBCN), down 8.0%, Suntech Power Holdings ( STP), down 7.1%, Ascent Solar Technologies ( ASTI), down 6.8% and Tel Instrument Electronics Corporation ( TIK), down 4.8%.

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 $5.9 billion and is part of the technology sector. Shares are up 65.3% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Marvell Technology Group a buy, 3 analysts rate it a sell, and 10 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, reasonable valuation levels 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.

On the positive front, CSR ( CSRE), up 195.0%, Revolution Lighting Technologies ( RVLT), up 51.0%, Nexxus Lighting ( NEXS), up 51.0% and SemiLEDs ( LEDS), up 16.7% , were all gainers within the electronics industry with Taiwan Semiconductor Manufacturing ( TSM) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Which Chip Companies Could Be Acquired Next?

Which Chip Companies Could Be Acquired Next?

Cypress Semi, Media Industry Execs: Expect a Lot More M&A in 2018

Cypress Semi, Media Industry Execs: Expect a Lot More M&A in 2018

Marvell Technology, Albemarle, Dominion Energy: 'Mad Money' Lightning Round

Marvell Technology, Albemarle, Dominion Energy: 'Mad Money' Lightning Round

Consumers Are Ready to Spend: Cramer's 'Mad Money' Recap (Tuesday 1/9/18)

Consumers Are Ready to Spend: Cramer's 'Mad Money' Recap (Tuesday 1/9/18)

Mellanox Must Hike 2018 Targets or Face Activist Escalation, M&A

Mellanox Must Hike 2018 Targets or Face Activist Escalation, M&A