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Goldman Sachs (NYSE:GS) is one of the largest investment banking firms in the world. Many investors regard this firm as having some of the smartest minds in finance. Goldman is involved in many activities, which include investment banking, investment management, financial advisory, mergers and acquisitions, and more. When one of the most highly regarded investment banking firms offers some of their top stock picks for 2012, it makes sense to consider them. Here is a closer look at some of the top tech stock picks from Goldman Sachs:

Oracle Corp. (NYSE:ORCL) is a leading provider of enterprise software. This company has an excellent management team that has historically provided very consistent results. Recently, the company announced that sales were slowing down which was a miss that very few investors were expecting. Oracle posted only a 2% increase in new software licenses, while many investors were expecting a 16% increase. However, this is still a top holding for many tech investors and it makes sense to buy, especially when these rare pullbacks occur.

Here are some key points for ORCL:

  • Current share price: $26.74
  • The 52 week range is $24.72 to $36.50
  • Earnings estimates for 2011: $2.35 per share
  • Earnings estimates for 2012: $2.57 per share
  • Annual dividend: 24 cents per share which is equivalent to a yield of .9%

Qualcomm Inc., (NASDAQ:QCOM) is a leading maker of integrated circuits for mobile phones. Qualcomm supplies chips for many top-selling smart phones and that sector continues to see strong demand. This company has a strong balace sheet, a solid dividend, and strong growth prospects. The stock also sells for a reasonable price to earnings ratio. Qualcomm shares have been trending higher, but look like a strong buy on dips to about $54.

Here are some key points for QCOM:

  • Current share price: $55.91
  • The 52 week range is $45.98 to $59.84
  • Earnings estimates for 2011: $3.57 per share
  • Earnings estimates for 2012: $4 per share
  • Annual dividend: 86 cents per share which yields 1.6%

EMC Corporation (NYSE:EMC) provides enterprise storage systems and software. This stock has dropped in the past few months and this could be a buying opportunity for long-term investors. Worldwide data storage needs are expected to grow, so this looks like a solid value on any dips. This stock is one of the more reasonable ways to play the cloud space. EMC shares have recently found support around $21, so buying at that level makes sense.

Here are some key points for EMC:

  • Current share price: $21.77
  • The 52 week range is $19.39 to $28.73
  • Earnings estimates for 2011: $1.49
  • Earnings estimates for 2012: $1.73
  • Annual dividend: none

Visa Inc. (NYSE:V) is a leading global provider of payment processing services and is based in San Francisco. As the world relies more on technology and E commerce, electronic payments should continue to grow at the expense of cash transactions. This will benefit Visa and allow the company to grow in the future. Since Visa receives a transaction fee, but does not take on the credit risk, it is viewed to be more of a tech stock and has performed well when compared to the financial sector. Visa shares have been in a solid uptrend and the stock is worth buying on dips below $100.

Here are some key points for V:

  • Current share price: $101.42
  • The 52 week range is $67.51 to $102.50
  • Earnings estimates for 2011: $5.85 per share
  • Earnings estimates for 2012: $6.78 per share
  • Annual dividend: 88 cents per share which yields .9%

VMware, Inc. (NYSE:VMW) is a leading business software solutions company that is focused on the cloud and virtualization markets. After trading around $100 in November, this stock has been trending lower. It looks to have found support at about $78 per share. VMware has a solid management team and the outlook for growth remains strong. This stock looks like a great buy on dips below $80.

Here are some key points for VMW:

  • Current share price: $82.24
  • The 52 week range is $74.04 to $111.43
  • Earnings estimates for 2011: $2.15 per share
  • Earnings estimates for 2012: $2.51 per share
  • Annual dividend: none

NCR Corp (NYSE:NCR) provides software, hardware and other products that help facilitate transactions. The products offered include point of sale terminals, bar code scanners, software, ATM's, and more. NCR shares offer a lot of value and trade at a very low price to earnings ratio at around 8 times 2012 earnings. The stock is also near the 52 week low, and has solid upside potential. NCR is a relatively safe way to invest in technology and buying the stock on dips makes sense.

Here are some key points for NCR:

  • Current share price: $16.63
  • The 52 week range is $15.28 to $20.97
  • Earnings estimates for 2011: $1.82 per share
  • Earnings estimates for 2012: $2.18 per share
  • Annual dividend: none

Synchronoss Technologies, Inc. (NASDAQ:SNCR) provides technology solutions that enable e-commerce transactions, order management and more. Synchronoss has a very solid balance sheet and a minimal amount of debt. However, the stock looks expensive if you consider the price to earnings ratio and with many tech companies reporting weaker than expected earnings, it might make sense to wait for a significant pullback in this stock before buying.

Here are some key points for SNCR:

  • Current share price: $28.48
  • The 52 week range is $22.54 to $35.90
  • Earnings estimates for 2011: 87 cents per share
  • Earnings estimates for 2012: $1.06 per share
  • Annual dividend: none

Data is sourced from Yahoo Finance.

Disclaimer: 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: Goldman's 7 Tech Stock Picks For 2012