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The markets have been in turmoil, and the recent drop has created some great buying opportunities in the tech sector. Many tech stocks dropped sharply in recent weeks, and a number of insiders bought heavily to take advantage of new found bargains. Technology is one of the few sectors in which stocks are seeing at least some growth in this very weak economy, and many of them were priced as value stocks. The stocks below all have seen strong insider buying, and they appear to be good values now. However, the market is likely to remain volatile, so it makes sense to wait for pullbacks.

Corning Inc., (NYSE:GLW) is a maker of specialty glass products including the glass used on flat screen televisions and some of the most popular tablet computers and mobile phone devices. With Corning stock trading slightly over book value of $13.56 per share and for only about 8 times earnings, it looks like a solid buy. It also has growth potential with the specialty glass used on iPads and iPhones. A director recently purchased 30,000 shares.

Here are some key points for GLW:

  • Current share price: $13.93
  • The 52 week range is $11.51 to $23.43
  • Earnings estimates for 2011: $1.82 per share
  • Earnings estimates for 2012: $1.97 per share
  • Annual dividend: 20 cents per share which yields 1.9%

Applied Materials (NASDAQ:AMAT) is a leading maker of manufacturing equipment, for semiconductor, flat panel display, and solar industries. This stock offers a great dividend yield of nearly 3% and a low price to earnings ratio of only 8. The book value is $6.49. This is a lower risk way to play the technology, and the dividend will pay you to wait for higher prices. A director recently bought 10,000 shares.

Here are some key points for AMAT:

  • Current share price: $12.07
  • The 52 week range is $9.70 to $16.93
  • Earnings estimates for 2011: $1.41 per share
  • Earnings estimates for 2012: $1.33 per share
  • Annual dividend: 32 cents per share which yields 2.6%

NVIDIA Corporation (NASDAQ:NVDA) is a leading maker of 3D graphics chips for the computer industry. This stock traded around $19 a couple of months ago, then fell to about $12.50 during the market correction and is now starting to rebound. The demand for NVIDIA products is only likely to rise as consumers seek higher-end graphics on all technology products. A director recently bought 100,000 shares.

Here are some key points for NVDA:

  • Current share price: $14.20
  • The 52 week range is $11.47 to $26.17
  • Earnings estimates for 2011: $1
  • Earnings estimates for 2012: $1.15
  • Annual dividend: none

Juniper Networks, Inc. (NYSE:JNPR) is a leading maker of networking equipment. This stock recently fell to about $18, but it has rebounded sharply to nearly $25 per share. Because of that, it makes sense to wait for pullbacks. Cramer has given Juniper shares a buy rating. Just recently, a director bought 7,100 shares, see that here.

Here are some key points for JNPR:

  • Current share price: $23.35
  • The 52 week range is $16.67 to $45.01
  • Earnings estimates for 2011: $1.28
  • Earnings estimates for 2012: $1.52
  • Annual dividend: none

Cirrus Logic, Inc. (NASDAQ:CRUS) is a leading maker of specialty semiconductors which are used in products like mobile phones, tablets, DVD players, and more. This stock recently plunged to about $14 per share and insiders took advantage of the bargain price and bought. The stock has since rebounded sharply so I would wait for another dip. A director recently bought 132,000 shares and an officer bought 6,500 shares, see that here.

Here are some key points for CRUS:

  • Current share price: $16.41
  • The 52 week range is $12.43 to $25.48
  • Earnings estimates for 2011: $1.26 per share
  • Earnings estimates for 2012: $1.51 per share
  • Annual dividend: none

Micrel, Inc. (NASDAQ:MCRL) makes a variety of technology products including circuits and networking equipment. This stock recently traded around $9.25 per share but has jumped over 20% in a short time. This stock now looks overbought and is probably due for a pullback. A director recently bought 5,000 shares when the stock was lower.

Here are some key points for MCRL:

  • Current share price: $10.71
  • The 52 week range is $8.81 to $14.98
  • Earnings estimates for 2011: 64 cents per share
  • Earnings estimates for 2012: 68 cents per share
  • Annual dividend: 16 cents per share which yields 1.4%

Data is sourced from Yahoo Finance. No guarantees or representations are made. Hawkinvest is not a registered investment advisor and does not provide specific investment advice. The information is for informational purposes only. You should always consult a financial advisor.

Source: 6 Tech Stocks With Strong Insider Buying