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5 Value Stocks To Watch In The Technology Sector

Author: Benzinga Insights | October 31, 2023 10:41am

What are Value Stocks?

A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-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. Bel Fuse (NASDAQ:BELFB) - P/E: 8.98
  2. Photronics (NASDAQ:PLAB) - P/E: 9.53
  3. Diodes (NASDAQ:DIOD) - P/E: 9.55
  4. Avnet (NASDAQ:AVT) - P/E: 5.56
  5. JinkoSolar Holding Co (NYSE:JKS) - P/E: 3.3

This quarter, Bel Fuse experienced a decrease in earnings per share, which was $1.99 in Q2 and is now $1.68. The company's most recent dividend yield sits at 0.53%, which has decreased by 0.11% from 0.64% last quarter.

Photronics's earnings per share for Q3 sits at $0.51, whereas in Q2, they were at 0.54. Diodes looks to be undervalued. It possesses an EPS of $1.59, which has not changed since last quarter (Q1). This quarter, Avnet experienced an increase in earnings per share, which was $2.0 in Q3 and is now $2.06. The company's most recent dividend yield sits at 2.51%, which has decreased by 0.22% from 2.73% last quarter.

Most recently, JinkoSolar Holding Co reported earnings per share at $3.31, whereas in Q2 earnings per share sat at $3.52.

The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

Posted In: AVT BELFB DIOD JKS PLAB

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