3 Stocks Moving The Electronics Industry Upward

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 69 points (-0.4%) at 18,094 as of Thursday, May 28, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 843 issues advancing vs. 2,162 declining with 143 unchanged.

The Electronics industry currently sits down 0.1% versus the S&P 500, which is down 0.4%. Top gainers within the industry include Hanwha Q CELLS ( HQCL), up 8.0%, and Intel ( INTC), up 1.0%. On the negative front, top decliners within the industry include Semtech ( SMTC), down 14.5%, AU Optronics ( AUO), down 4.6%, Semiconductor Manufacturing International C ( SMI), down 3.6%, Kyocera ( KYO), down 1.6% and Roper Technologies ( ROP), down 0.9%.

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 $0.34 (2.5%) to $14.24 on heavy volume. Thus far, 7.5 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $13.97-$14.30 after having opened the day at $14.20 as compared to the previous trading day's close of $13.90.

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Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. Marvell Technology Group has a market cap of $7.0 billion and is part of the technology sector. Shares are down 4.1% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who 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. Get the full Marvell Technology Group Ratings Report now.

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