5 Value Stocks In The Technology Sector

Author: Benzinga Insights | November 07, 2023 10:41am

What are Value Stocks?

A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

Benzinga Insights has compiled a list of value stocks in the technology sector that may be worth watching:

1. Bel Fuse (NASDAQ:BELFB) - P/E: 8.76
2. Surgepays (NASDAQ:SURG) - P/E: 6.13
3. United Microelectronics (NYSE:UMC) - P/E: 7.61
4. Sonim Technologies (NASDAQ:SONM) - P/E: 5.31
5. Ebix (NASDAQ:EBIX) - P/E: 5.5

Bel Fuse's earnings per share for Q3 sits at $1.68, whereas in Q2, they were at 1.99. Most recently, the company reported a dividend yield of 0.52%, which has decreased by 0.01% from last quarter's yield of 0.53%.

Surgepays has reported Q2 earnings per share at $0.4, which has increased by 25.0% compared to Q1, which was 0.32. United Microelectronics's earnings per share for Q3 sits at $0.2, whereas in Q2, they were at 0.2. Its most recent dividend yield is at 2.28%, which has decreased by 3.06% from 5.34% in the previous quarter.

Sonim Technologies has been featured as a value stock. Sonim Technologies's Q2 EPS sits at $0.01, which has not changed since last quarter (Q1). Ebix saw a decrease in earnings per share from 0.49 in Q1 to $0.23 now. The company's most recent dividend yield sits at 1.57%, which has increased by 0.36% from 1.21% last quarter.

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: BELFB EBIX SONM SURG UMC