MRVL, ADI, SPWR, NVDA And FSLR, Pushing Electronics Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 16,035 as of Monday, Dec. 9, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,397 declining with 175 unchanged.

The Electronics industry currently sits down 0.3% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Skyworks Solutions ( SWKS), up 2.1%, Garmin ( GRMN), up 1.3% and Kyocera Corporation ( KYO), up 1.3%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Marvell Technology Group ( MRVL) is one of the companies pushing the Electronics industry lower today. As of noon trading, Marvell Technology Group is down $0.18 (-1.3%) to $13.42 on average volume. Thus far, 3.4 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $13.33-$13.60 after having opened the day at $13.39 as compared to the previous trading day's close of $13.60.

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 $6.8 billion and is part of the technology sector. The company has a P/E ratio of 23.1, above the S&P 500 P/E ratio of 17.7. Shares are up 87.3% year to date as of the close of trading on Friday. 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. Get the full Marvell Technology Group Ratings Report now.

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