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If you are a value investor searching for potentially undervalued opportunities, you may find this list very interesting.

We ran a screen on technically oversold stocks (with RSI(14) below 40) from the tech sector. We screened these stocks for those that appear undervalued to their industry peers, with lower TTM P/E, TTM P/CF, and PEG than their industry averages.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.


We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.



Do you think these stocks are undervalued? Use this list as a starting-off point for your own analysis.

List sorted by market cap.

1. LM Ericsson Telephone Co. (NASDAQ:ERIC):
Communication Equipment Industry. Market cap of $37.02B. RSI(14) at 36.42. TTM P/E at 15.28 vs. industry average at 25.57. PEG at 1.53 vs. industry average at 1.54. TTM P/CF at 9.39 vs. industry average at 12.76. Offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 3.26%, current ratio at 1.99, and quick ratio at 1.63. The stock has had a couple of great days, gaining 7.92% over the last week.

2. Texas Instruments Inc. (NASDAQ:TXN): Semiconductor Industry. Market cap of $31.76B. RSI(14) at 35.91. TTM P/E at 10.57 vs. industry average at 15.37. PEG at 0.96 vs. industry average at 1.06. TTM P/CF at 7.89 vs. industry average at 14.2. The stock is currently stuck in a downtrend, trading 7.46% below its SMA20, 12.42% below its SMA50, and 17.97% below its SMA200. The stock has performed poorly over the last month, losing 10.43%.

3. Advanced Semiconductor Engineering Inc. (NYSE:ASX): Semiconductor Equipment & Materials Industry. Market cap of $5.54B. RSI(14) at 38.84. TTM P/E at 9.46 vs. industry average at 15.37. PEG at 0.47 vs. industry average at 1.06. TTM P/CF at 9.33 vs. industry average at 14.2. The stock is currently stuck in a downtrend, trading 10.07% below its SMA20, 15.28% below its SMA50, and 16.58% below its SMA200. The stock has performed poorly over the last month, losing 11.92%.

4. ON Semiconductor Corp. (NASDAQ:ONNN): Semiconductor Line Industry. Market cap of $3.50B. RSI(14) at 38.64. TTM P/E at 12.8 vs. industry average at 15.69. PEG at 0.95 vs. industry average at 1.08. TTM P/CF at 7.32 vs. industry average at 14.34. The stock is currently stuck in a downtrend, trading 8.86% below its SMA20, 18.98% below its SMA50, and 23.46% below its SMA200. The stock has had a couple of great days, gaining 13.68% over the last week.

5. Dun & Bradstreet Corp. (NYSE:DNB): Information & Delivery Services Industry. Market cap of $3.31B. RSI(14) at 37.85. TTM P/E at 13.05 vs. industry average at 21.47. PEG at 1.23 vs. industry average at 1.29. TTM P/CF at 9.94 vs. industry average at 13.81. The stock has gained 1.13% over the last year.

6. ADTRAN Inc. (NASDAQ:ADTN): Communication Equipment Industry. Market cap of $1.93B. RSI(14) at 38.02. TTM P/E at 13.99 vs. industry average at 25.57. PEG at 1.12 vs. industry average at 1.54. TTM P/CF at 12.73 vs. industry average at 12.76. The stock has had a couple of great days, gaining 7.2% over the last week. The stock has performed poorly over the last month, losing 15.04%.

7. Partner Communications Company Ltd. (NASDAQ:PTNR): Wireless Communications Industry. Market cap of $1.78B. RSI(14) at 33.78. TTM P/E at 5.57 vs. industry average at 6.51. PEG at 1.49 vs. industry average at 3.09. TTM P/CF at 3.32 vs. industry average at 7.49. The stock is currently stuck in a downtrend, trading 14.52% below its SMA20, 22.16% below its SMA50, and 35.39% below its SMA200. The stock has performed poorly over the last month, losing 23.05%.

8. Diodes Incorporated (NASDAQ:DIOD):
Semiconductor Industry. Market cap of $926.59M. RSI(14) at 36.45. TTM P/E at 11.42 vs. industry average at 15.75. PEG at 0.76 vs. industry average at 1.06. TTM P/CF at 7.37 vs. industry average at 14.37. This is a risky stock that is significantly more volatile than the overall market (beta = 2.11). The stock is a short squeeze candidate, with a short float at 6.41% (equivalent to 6.09 days of average volume). The stock has had a couple of great days, gaining 12.14% over the last week.

9. iGATE Corporation (NASDAQ:IGTE): Information Technology Services Industry. Market cap of $651.24M. RSI(14) at 27.75. TTM P/E at 15.55 vs. industry average at 16.98. PEG at 0.84 vs. industry average at 1.22. TTM P/CF at 9.67 vs. industry average at 13.66. The stock is currently stuck in a downtrend, trading 22.35% below its SMA20, 28.94% below its SMA50, and 38.57% below its SMA200. The stock has performed poorly over the last month, losing 30.58%.

*Price multiples sourced from Fidelity, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 9 Oversold Tech Stocks Undervalued by Earnings, Cash Flow and Earnings Growth