3 Electronics Stocks Pushing The Industry Higher

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 39 points (-0.2%) at 16,431 as of Monday, Jan. 6, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,618 declining with 151 unchanged.

The Electronics industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include First Solar ( FSLR), down 9.6%, Kyocera Corporation ( KYO), down 1.7%, ABB ( ABB), down 1.6%, Corning ( GLW), down 1.2% and Micron Technology ( MU), down 0.7%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Marvell Technology Group ( MRVL) is one of the companies pushing the Electronics industry higher today. As of noon trading, Marvell Technology Group is up $0.35 (2.5%) to $14.51 on average volume. Thus far, 2.5 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $14.16-$14.55 after having opened the day at $14.16 as compared to the previous trading day's close of $14.16.

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 27.2, above the S&P 500 P/E ratio of 17.7. Shares are down 1.5% 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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