5 Value Stocks In The Technology Sector
Portfolio Pulse from Benzinga Insights
The article lists 5 value stocks in the technology sector, identified by Benzinga Insights based on their low P/E multiples, indicating potential undervaluation. The stocks are Vishay Intertechnology (VSH), Movella Holdings (MVLA), Daqo New Energy (DQ), Arrow Electronics (ARW), and Bel Fuse (BELFB). The article provides recent financial performance details, including Q3 earnings per share and changes in dividend yields for these companies.
November 14, 2023 | 2:41 pm
News sentiment analysis
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NEGATIVE IMPACT
Daqo New Energy's P/E is 3.12, with a significant drop in Q3 EPS to $0.59 from Q2's $1.75.
The sharp decline in EPS could overshadow the low P/E ratio, potentially leading to a negative short term impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Arrow Electronics has a P/E of 6.64, with a decrease in Q3 EPS to $4.14 from Q2's $4.37.
While the EPS has decreased, the stock remains a value play due to its low P/E ratio, which could keep the short term impact neutral.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Bel Fuse's P/E is 8.69, with a Q3 EPS decrease to $1.68 from $1.99 and a minor dividend yield reduction to 0.52%.
The EPS and dividend yield have declined slightly, but the stock's low P/E ratio may mitigate negative sentiment in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Vishay Intertechnology has a P/E of 8.7, with a decrease in Q3 EPS to $0.6 and a slight drop in dividend yield to 1.49%.
The decrease in EPS and dividend yield might concern investors, but the low P/E suggests undervaluation, which could balance out short term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Movella Holdings is highlighted as a value stock with a P/E of 0.17 and stable Q2 EPS at $-0.12.
The extremely low P/E ratio may attract value investors despite the negative EPS, potentially driving short term interest.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70