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 0.2%. By the end of trading, Marvell Technology Group fell $0.36 (-2.5%) to $13.85 on average volume. Throughout the day, 6,287,799 shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 6,801,300 shares. The stock ranged in price between $13.80-$14.19 after having opened the day at $14.19 as compared to the previous trading day's close of $14.21. Other companies within the Electronics industry that declined today were: ReneSola ( SOL), down 21.0%, Trina Solar ( TSL), down 7.2%, LightPath Technologies ( LPTH), down 7.0% and ION Geophysical Corporation ( IO), down 6.0%.

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 $7.0 billion and is part of the technology sector. The company has a P/E ratio of 23.5, above the S&P 500 P/E ratio of 17.7. Shares are up 95.7% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Marvell Technology Group a buy, 3 analysts rate it a sell, and 7 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 attractive valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the positive front, Methode Electronics ( MEI), up 43.1%, Plug Power ( PLUG), up 42.5%, China Sunergy ( CSUN), up 12.1% and Avago Technologies ( AVGO), up 6.9% , were all gainers within the electronics industry with Intel ( INTC) 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.
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