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Looking to add some growth to your portfolio? For a closer look at some interesting stocks of the tech sector, we ran a screen.

We began by screening the tech sector for stocks that appear undervalued relative to earnings growth, with PEG below 1.

We then screened these names for those with strong trends in revenue compared to inventory over the last year. We screened for companies seeing faster growth in revenue than inventory over the last year. Since inventory represents the portion of goods not yet sold, faster growth in revenue than inventory is considered a good sign.

To screen for healthy liquidity, we also only focused on those companies with inventory declining as a percent of current assets.

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

Do you think these stocks should be trading higher? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. Globecomm Systems Inc. (NASDAQ:GCOM): Provides satellite-based communications infrastructure solutions and services. Market cap at $259.66M, most recent closing price at $11.43. PEG at 0.51. Revenue grew by 77.54% during the most recent quarter ($110.93M vs. $62.48M y/y). Inventory grew by -2.8% during the same time period ($46.12M vs. $47.45M y/y). Inventory, as a percentage of current assets, decreased from 30.72% to 26.16% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. Silicon Motion Technology Corp. (NASDAQ:SIMO): Operates as a fabless semiconductor company. Market cap at $475.16M, most recent closing price at $14.65. PEG at 0.65. Revenue grew by 66.74% during the most recent quarter ($2,031.84M vs. $1,218.6M y/y). Inventory grew by 31.4% during the same time period ($917.94M vs. $698.58M y/y). Inventory, as a percentage of current assets, decreased from 20.48% to 16.88% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

3. Seagate Technology PLC (NASDAQ:STX): Designs, manufactures, markets, and sells hard disk drives for the enterprise, client compute, and client non-compute market applications in the United States and internationally. Market cap at $13.34B, most recent closing price at $31.32. PEG at 0.21. Revenue grew by 65.12% during the most recent quarter ($4,450M vs. $2,695M y/y). Inventory grew by 0.84% during the same time period ($841M vs. $834M y/y). Inventory, as a percentage of current assets, decreased from 15.15% to 13.21% during the most recent quarter (comparing 13 weeks ending 2012-03-30 to 13 weeks ending 2011-04-01).

4. Spreadtrum Communications Inc. (NASDAQ:SPRD): Operates as a fabless semiconductor company that designs, develops, and markets baseband processor and RF transceiver solutions for wireless communications and mobile television markets. Market cap at $826.2M, most recent closing price at $18.14. PEG at 0.41. Revenue grew by 17.54% during the most recent quarter ($161.11M vs. $137.07M y/y). Inventory grew by -44.98% during the same time period ($62.91M vs. $114.33M y/y). Inventory, as a percentage of current assets, decreased from 24.69% to 13.94% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

5. Netgear Inc. (NASDAQ:NTGR): Designs, develops and markets networking products for home users and small businesses worldwide. Market cap at $1.31B, most recent closing price at $34.95. PEG at 0.79. Revenue grew by 16.79% during the most recent quarter ($325.62M vs. $278.82M y/y). Inventory grew by -4.14% during the same time period ($134.31M vs. $140.11M y/y). Inventory, as a percentage of current assets, decreased from 21.13% to 16.68% during the most recent quarter (comparing 3 months ending 2012-04-01 to 3 months ending 2011-04-03).

6. Insight Enterprises Inc. (NASDAQ:NSIT): Provides information technology hardware, software, and service solutions to businesses and public sector clients. Market cap at $742.98M, most recent closing price at $16.83. PEG at 0.48. Revenue grew by 1.99% during the most recent quarter ($1,244.18M vs. $1,219.9M y/y). Inventory grew by -11.88% during the same time period ($163.22M vs. $185.22M y/y). Inventory, as a percentage of current assets, decreased from 13.33% to 11.41% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 6 Undervalued Tech Stocks With Strong Inventory Trends