Golden-Gate Analyst Reports 5 A-Rated Tech Stocks for June 2021
London, England, 2 June 2021, ZEXPRWIRE, For a long time, tech giants have been on fire. These tech stocks were the best representation of the significant shift toward e-commerce and other digital services during the coronavirus pandemic.
However, other firms underneath the surface of big tech are performing well right now and will continue to benefit from current tech trends for many quarters to come.
Some are familiar brands in narrow industries, while others are global powerhouses at the heart of the IT industry. Whatever the case may be, they all have bright futures ahead of them.
Golden-Gate’s portfolio grader analyst says these five A-rated tech stocks are the best performers. They’re excellent investments right now, as the market enters a time of consolidation. After that, it’ll be another step forward for these top achievers.
- INFOSYS (INFY)
This India-based IT outsourcing firm has been operational for more than four decades. Its primary purpose of assisting businesses with their digital transformations and transitions has gone through multiple versions.
In the past, this meant building high-tech contact centers to enable multinational corporations to provide 24/7 customer support while also having access to essential data about their clients.
Today, it includes supporting businesses in implementing AI-driven platforms to help them transition to the digital age and teach employees to interact with internal systems and consumers efficiently.
INFY now employs 250,000 people in 46 countries and has a reputation for providing dependable, forward-thinking solutions.
In the last 12 months, INFY stock has risen over 110 percent and is up 12 percent year to date. Despite this, it still pays a 1.3 percent yield and is reasonably priced.
- LOGITECH (LOGI)
Since 1981, this Swiss company has been manufacturing telecom and computer accessories.
It appears to be one of those markets that other tech stocks have covered. Peripherals might seem a little outdated in this age of mobility. However, with the rise of work-at-home employees and the fact that almost everything in homes and offices is now linked, peripherals — particularly high-quality ones — are more popular than ever.
Laptops may now be cast to smart TVs, and music from a phone or laptop may be played; the list goes on and on: home theatres, headphones for remote customer support agents, gaming goods, and so on. This industry is far from saturated, and LOGI is one of the sector’s leading tech stocks.
The stock of LOGI has increased by 115 percent in the last year and by 24 percent year-to-date. Despite this, it has a current price-to-earnings ratio of 21x, which is significantly lower than the market average.
- DELL COMPUTER (DELL)
Founded in Texas, DELL was one of the first firms outside of the large tech stocks to enter the personal computer market in 1984. As a result, it has had its fair share of good and bad moments through the years.
However, its 2016 merger with EMC Corp provided it with its stability as competition increased and margins in the consumer sector shrank. About half of its income now comes from computers and comparable devices, with the servers, storage, and networking sector accounting for more than 40%.
The United States accounts for over half of its revenue, which is a good thing at this point because the pandemic is winding down, and there is lots of money flowing about.
Its data demonstrate this. DELL’s stock is up 33% year to date and has a P/E ratio of 24x. So the current cloud-based crypto-mining environment has much potential.
- SEAGATE TECHNOLOGY (STX)
Storage of information. Since the dawn of computers, it has been one of the most critical components. It’s great to have a computer that can do operations, but unless it can store data, you’ll have to start again each time you use it.
STX has long been regarded as one of the most critical data storage technology stocks in the market. However, while new storage devices are driving forward current mobility, networking, and cloud computing trends, they may also soon become a profitable commodity with minimal margins.
On the other hand, top storage manufacturers are always on the lookout for the next great thing. And STX has been doing it for a long time.
STX stock is up 61% year to far, yet it still pays a 2.8 percent dividend. Unfortunately, it also has a current P/E ratio of only 24x.
- TAIWAN SEMICONDUCTOR (TSM)
In the same way that storage has changed, chipmaking has changed as well. TSM is also one of the world’s largest chipmakers.
Most chipmakers used to create their chips back in the day. However, in recent years, the chip industry has contracted out foundries and architecture, and the chip company’s primary function is engineering. This is referred to as “fabless” chip manufacturing. The vast majority of large semiconductor businesses are fabless.
When these tech stocks need new chips for phones, televisions, networks, gaming consoles, or server farms, they go to TSM. It’s also an extremely profitable business.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Source: Bitteks
