A Look Into Technology Sector Value Stocks

Author: Benzinga Insights | March 05, 2024 10:41am

What Defines a Value Stock?

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.

The following stocks are considered to be notable value stocks in the technology sector:

1. HP (NYSE:HPQ) - P/E: 8.52
2. Movella Holdings (NASDAQ:MVLA) - P/E: 0.11
3. Arrow Electronics (NYSE:ARW) - P/E: 7.61
4. CXApp (NASDAQ:CXAI) - P/E: 0.9
5. JinkoSolar Holding Co (NYSE:JKS) - P/E: 2.59

HP has reported Q1 earnings per share at $0.81, which has decreased by 10.0% compared to Q4, which was 0.9. The company's most recent dividend yield sits at 3.77%, which has decreased by 0.26% from 4.03% last quarter.

Movella Holdings looks to be undervalued. It possesses an EPS of $-0.12, which has not changed since last quarter (Q1). Most recently, Arrow Electronics reported earnings per share at $3.98, whereas in Q3 earnings per share sat at $4.14. Most recently, CXApp reported earnings per share at $0.13, whereas in Q2 earnings per share sat at $-1.05. JinkoSolar Holding Co saw a decrease in earnings per share from 3.52 in Q2 to $3.31 now.

These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

Posted In: ARW CXAI HPQ JKS MVLA