A Look Into Technology Sector Value Stocks

Author: Benzinga Insights | January 17, 2023 10:40am

The Meaning Behind Value Stocks

A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

Below is a list of notable value stocks in the technology sector:

1. United Microelectronics (NYSE:UMC) - P/E: 7.16
2. Taitron Components (NASDAQ:TAIT) - P/E: 6.13
3. HP (NYSE:HPQ) - P/E: 9.15
4. Versus Systems (NASDAQ:VS) - P/E: 0.01
5. China Index Holdings (NASDAQ:CIH) - P/E: 2.59

This quarter, United Microelectronics experienced a decrease in earnings per share, which was $0.34 in Q3 and is now $0.25. Most recently, the company reported a dividend yield of 2.28%, which has decreased by 3.06% from last quarter's yield of 5.34%.

Taitron Components saw a decrease in earnings per share from 0.1 in Q2 to $0.08 now. Its most recent dividend yield is at 5.12%, which has increased by 0.24% from 4.88% in the previous quarter.

This quarter, HP experienced a decrease in earnings per share, which was $1.04 in Q3 and is now $0.85. Most recently, the company reported a dividend yield of 3.61%, which has increased by 0.01% from last quarter's yield of 3.6%.

Versus Systems's earnings per share for Q3 sits at $-1.79, whereas in Q2, they were at -1.95. This quarter, China Index Holdings experienced an increase in earnings per share, which was $0.03 in Q2 and is now $0.05.

The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

Posted In: CIH HPQ TAIT UMC VS