Technology sector

5 Value Stocks in the Tech Sector – Intel (NASDAQ:INTC), GoPro (NASDAQ:GPRO), Micron Technology (NASDAQ:MU), Eltek (NASDAQ:ELTK), Avnet (NASDAQ:AVT)

The Meaning of Value Stocks

A value stock traditionally has a lower price than stocks of companies in the same industry. This indicates that the company may be undervalued because investors are not showing as much interest in these companies. The most common way to check value is through the price/earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.

Below is a list of notable value stocks in the technology sector:

  1. Avnet AVT – PER: 5.52
  2. GoPro GPRO – PER: 2.46
  3. EltekComment ELTK – PER: 4.25
  4. Micron Technology MU – PER: 5.94
  5. Intel INTC – PER: 6.32

Avnet reported fourth-quarter earnings per share of $2.07, down 3.72% from the third quarter, which was 2.15. The company’s most recent dividend yield sits at 2.64%, up 0.39% from 2.25% last quarter.

GoPro’s earnings per share for the second quarter came in at $0.08, while in the first quarter it was 0.09. This quarter, Eltek saw an increase in earnings per share, which was $0.11 in the first quarter and is now $0.13. This quarter, Micron Technology saw an increase in earnings per share, which was $2.14 in Q2 and is now $2.59. Its most recent dividend yield is 0.82%, up 0.32% from 0.5% in the prior quarter.

Intel saw its earnings per share fall from 0.87 in the first quarter to $0.29 now. Most recently, the company announced a dividend yield of 5.06%, up 1.14% from last quarter’s 3.92% yield.

These 5 value stocks were selected by Glimpses of Benzinga based on a numerical analysis. Although this methodical judgment process is not intended to make final decisions, our technology can give investors additional insight into the sector.