For Immediate Release
Chicago, IL – June 24, 2016 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include ClearOne, Inc. (CLRO), Tessera Technologies Inc. (TSRA), WESCO International (WCC), Intel Corporation (NASDAQ:INTC) (INTC) and Qorvo, Inc. (QRVO).
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Here are highlights from Thursday’s Analyst Blog:
5 Low P/E Stocks for Technology Investors Right Now
The stock market continues to be plagued by headwinds, making it difficult for investors to sketch a profitable investment strategy. Concerns regarding the health of the world economy, still-low oil prices and the persistent low rate environment remain overbearing factors in investment decisions.
But when it comes to investing in technology companies, the risk is far more. This is because new technology standards and changes in the competitive environment can affect business fundamentals. Domestic and global competitive threats are also sky-high. Also, technology companies experience declining margins as they cut prices and increase advertising spending to defend market share.
Therefore, in order to minimize their risk, we believe it is time for technology investors to readjust the investment portfolio to capitalize on the positives. Investing in low P/E stocks with a favorable Zacks Rank seems to be a good strategy now.
With the help of our Zacks Stock Screener, we have sorted five stocks that sport a Zacks Rank #1 (Strong Buy) or #2 (Buy) and trade at a Price/Earnings (F1) ratio of less than 15. Here’s the list:
ClearOne, Inc . (CLRO)
Zacks Rank: #2
P/E (F1): 14.25
ClearOne together with its subsidiaries, designs, develops and sells conferencing, collaboration, streaming, and digital signage solutions for audio/voice and visual communications in the United States and internationally. It is headquartered in Salt Lake City, UT.
The company delivered an average earnings beat of 12.00% over the last four quarters.
The trend has been pretty favorable for this stock, too, as it has been enjoying positive estimate revisions over the past 60 days, which caused the Zacks Consensus Estimate to climb 2.0% to its current level of 79 cents a share for the current year.
Tessera Technologies Inc. (TSRA)
Zacks Rank: #2
P/E (F1): 14.79
Tessera is a provider of back-end technology for semiconductor manufacturing. The company licenses its proprietary advanced integrated circuit packaging technology to semiconductor manufacturers, assemblers and material suppliers.
The company delivered an average earnings beat of 17.52% over the last four quarters.
The trend has been pretty favorable for this stock, too, as it has been enjoying positive estimate revisions over the past 60 days, which pushed up the Zacks Consensus Estimate 2.0% to its current level of $2.13 a share for the current year.
WESCO International (WCC)
Zacks Rank: #2
P/E (F1): 13.93
WESCO International, Inc. is one of the largest players in the highly fragmented distribution market for electrical construction products in the U.S. The electrical distribution business typically grows at a slow and steady pace, having increased at a CAGR of 5% over the last 20 years.
The company, in the Electronic Parts Distribution space, is seeing solid earnings estimate revision activity. Wesco has been enjoying positive estimate revisions over the past 60 days, which caused the Zacks Consensus Estimate to climb 4.0% to its current level of $4.06 a share for the current year. This has helped WCC to earn a Zacks Rank #2 (Buy), further underscoring its solid position.
Intel Corporation (INTC)
Zacks Rank: #2
P/E (F1): 13.34
Intel Corporation is the world’s largest manufacturer of semiconductor products. The company supplies the computing and communications industries with microprocessors and system building blocks that are integral to computers and other connected devices, servers, and networking and communications products.
The company delivered an average earnings beat of 11.53% over the last four quarters.
Qorvo, Inc. (QRVO)
Zacks Rank: #2
P/E (F1): 13.76
Headquartered in Greensboro, NC, Qorvo was formed by the merger of two semiconductor manufacturing firms, RF Micro Devices, Inc. and TriQuint Semiconductor, Inc. in an all-stock transaction that was billed as ‘a merger of equals’.
The company is expected to leverage the core strengths of both the merged companies to rapidly translate research and development advances into large scale production. In addition, synergistic benefits from the merger are likely to increase profitability through economies of scale and mutual sharing of manufacturing expertise, research and development costs and adjustment of staffing expenses.
The company delivered an average earnings beat of 7.22% over the last four quarters.
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CLEARONE INC (CLRO): Free Stock Analysis Report
TESSERA TEC INC (TSRA): Free Stock Analysis Report
WESCO INTL INC (WCC): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
QORVO INC (QRVO): Free Stock Analysis Report
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