5 Value Stocks In The Technology Sector

Author: Benzinga Insights | January 02, 2024 10:40am

The Meaning Behind 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.

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

1. Daktronics (NASDAQ:DAKT) - P/E: 8.4
2. CXApp (NASDAQ:CXAI) - P/E: 0.45
3. Vishay Intertechnology (NYSE:VSH) - P/E: 9.74
4. JinkoSolar Holding Co (NYSE:JKS) - P/E: 3.61
5. FiscalNote Holdings (NYSE:NOTE) - P/E: 3.26

Daktronics saw a decrease in earnings per share from 0.42 in Q1 to $0.27 now. Most recently, the company reported a dividend yield of 3.4%, which has increased by 0.02% from last quarter's yield of 3.38%.

CXApp's earnings per share for Q3 sits at $0.13, whereas in Q2, they were at -1.05. Vishay Intertechnology's earnings per share for Q3 sits at $0.6, whereas in Q2, they were at 0.68. Most recently, the company reported a dividend yield of 1.78%, which has increased by 0.29% from last quarter's yield of 1.49%.

JinkoSolar Holding Co saw a decrease in earnings per share from 3.52 in Q2 to $3.31 now. FiscalNote Holdings's earnings per share for Q3 sits at $-0.11, whereas in Q2, they were at -0.23.

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: CXAI DAKT JKS NOTE VSH