Five Tech Companies for Value Investors

Joel Anderson |

computer chip, tech, value investing, Technology is not traditionally a sector that excites the more conservative value investors. Classic methods of valuation that are popular among value investors, like Book Value or strong dividends, are largely absent from most tech firms. Apple (AAPL), despite cash reserves that have no doubt cleared $100 billion by now, still hasn't offered a dividend, opting to reinvest its profits into its operations. And since book value is based entirely on the tangible value of a company's property and assets, company's developing intellectual property or other intangible assets often times show up with limited book values. However, there are those tech firms out there that might still appeal to more conservative investors. Each of these five companies offers a dividend, has a Price to Book ratio (the total value of a company's equity divided by its total book value) under 1, and has a Book value per share of over 4.50. While the sector hasn't traditionally offered the value investor much, these companies are closer to the sort of stock that might excite even the most conservative investor.



STMicroelectronics (STM)

Market Cap: $6.71 billion   Dividend Yield: 5.28 percent   Price to Book Ratio: 0.88   Book Value per Share: 8.59 ST is a Swiss semiconductor company designing, developing, and manufacturing a range of semiconductor products for microelectronic applications including computer peripherals, automotive products, and telecommunication systems.

AU Optronics Corp (AUO)

Market Cap: $4.78 billion   Dividend Yield: 2.55 percent   Price to Book Ratio: 0.69   Book Value per Share: 7.88 AU Optronics is a Taiwanese company working in computer peripherals that designs and builds flat pannel display screen, primarily thin film transistor liquid crystal display products.

Corning Incorporated (GLW)

Market Cap: $20.18 billion   Dividend Yield: 2.26 percent   Price to Book Ratio: 0.96   Book Value per Share: 13.91 Corning was founded in 1851 as Corning Glass Works and only changed its name to Corning Incorporated in 1989. The company manufactures ceramics and glassware primarily for use in scientific and industrial purposes.

Tellabs (TLAB)

Market Cap: $1.43 billion   Dividend Yield: 2.04 percent   Price to Book Ratio: 0.87   Book Value per Share: 4.50 Tellabs designs and markets equipment and services to communication providers. Tellabs, based out of Naperville, IL, offers services for wireline and wireless voice, data and video services.

Kyocera Corporation (KYO)

Market Cap: $16.76 billion   Dividend Yield: 1.42 percent   Price to Book Ratio: 0.96   Book Value per Share: 95.42 Kyocera is a Japanese company that provides a variety of products for the global information and communications market and environment and energy market.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
STM STMicroelectronics N.V. 16.44 -0.09 -0.54 3,658,814 Trade
GLW Corning Incorporated 31.85 0.14 0.44 12,130,009 Trade
AUO AU Optronics Corp American Depositary Shares 3.92 -0.03 -0.76 1,692,047 Trade
GLBS Globus Maritime Limited 1.10 0.00 0.16 2,338,452 Trade
AAPL Apple Inc. 150.27 -0.07 -0.05 26,244,301 Trade
KYO Kyocera Corporation 56.97 0.26 0.46 4,702 Trade

Comments

Emerging Growth

AfterMaster Inc

Studio One Media Inc is a diversified media and technology company. It is engaged in the development and commercialization of proprietary, edge audio and video technologies for professional and consumer…

Private Markets

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…