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Last year I wrote an article about the highest yielding Israeli stocks. Earlier this month, Israel celebrated its 60th anniversary, and this might just be a good time to take a second look. Here are some interesting facts about the country:

  • It is ranked 22nd in per capita Gross Domestic Product.
  • It is ranked 23rd in terms of the Human Development Index.
  • It is the foreign country with more stocks listed on NASDAQ than any other country.
  • Warren Buffett purchased Iscar, an Israeli toolmaker for $4 billion.
  • The Tel Aviv 100 Index was up about 150% over the last five years.
  • Intel (NASDAQ:INTC), Cisco (NASDAQ:CSCO), IBM (NYSE:IBM), Microsoft (NASDAQ:MSFT), Motorola (MOT), Lucent (LU), and Oracle (NYSE:ORCL) have made major investments in Israel.

    All of the following stocks have market caps above $300 million:

  • Alvarion (NASDAQ:ALVR) is a provider of WiMAX and non-WiMAX wireless broadband systems throughout the world. The stock has a P/E of 47 and a PEG of 1.87.

  • Amdocs Ltd. (NASDAQ:DOX) is a provider of communications software and services. Although the company has its headquarters in Missouri, it has major operations in Israel. The stock has a P/E of 18 and a PEG of 1.04.

  • Blue Square Israel Ltd. (NYSE:BSI) is an operator of Israeli supermarkets. The stock has a P/E of 12.5 and a yield of 10.50%.

  • Ceragon Networks (NASDAQ:CRNT) makes and markets point-to-point wireless backhaul solutions. The stock has a P/E of 26.

  • Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops and sells security software. The stock has a P/E of 18 and a PEG of 1.45.

  • Elbit Systems (NASDAQ:ESLT) manufactures and markets defense systems and products. The stock has a P/E of 31 and a PEG of 1.95 , with a yield of 1.30%.

  • First Israel (NYSEMKT:ISL) is a closed-end fund that invests in Israeli equities. The stock has a P/E of 4.5 and a yield of 1.90%.

  • Given Imaging (GIVN) manufactures and sells diagnostic products used to detect disorders of the gastrointestinal tract. The stock has a P/E of 33 and a PEG of 3.91.

  • NICE Systems (NASDAQ:NICE) develops and sells integrated, scalable multimedia digital recording platforms and operational risk management software solutions. The stock has a P/E of 52 and a PEG of 0.93.

  • Ormat Technologies (NYSE:ORA) is involved in the geothermal and recovered energy power business. The stock has a P/E of 46, a PEG of 2.03, and a yield of 0.40%.

  • Partner Communications Co. (NASDAQ:PTNR) operates a mobile telecommunications network. The stock has a P/E of 13, a PEG of 1.84 , and a yield of 6.10%.

  • Teva Pharmaceuticals (NYSE:TEVA) makes and sells pharmaceuticals including Copaxone for multiple sclerosis and Azilect for Parkinson's disease. The stock has a P/E of 22, PEG of 1.05, andyield of 1%.

  • Zoran (NASDAQ:ZRAN) is a provider of integrated circuits, software, and platforms for digital television applications. The stock has a P/E of 11 and a PEG of 1.21.

  • Disclosure: Author does not own any of the above.