Tech Stocks to Take Advantage of Now

The tech industry’s near-term development is projected to be hampered by looming interest rate rises to combat inflation. Nonetheless, we believe it would be prudent to take advantage of the present slump in quality tech companies since they are likely to return swiftly as demand for innovative technology grows.

The tech sector is likely to see constant and substantial demand due to the inevitable digitization of practically every business. Given the prolonged hybrid work and lifestyle, the enormous need for tech solutions should fuel the sector’s long-term growth.

Though the tech industry is projected to be slowed by rising interest rates, the growing need for innovative technology solutions should help many tech stocks do well. As a result, it’s believed that certain fundamentally sound tech companies would make for great buys right now.

Let’s look at three reasonably priced stocks from the tech sector that – even given the uncertain nature of today’s marketplace – the experts still consider to be wise portfolio picks:



Zebra Technologies Corp (ZBRA)

Zebra Technologies Corp (ZBRA) is a mobile computing firm based in the U.S. specializing in technology that allows users to perceive, evaluate, and respond in real-time. The firm creates and distributes technology for tracking and computer printing. ZBRA and its subsidiaries provide enterprise asset intelligence solutions globally in the automatic identification and data capture solutions business. Asset Intelligence & Tracking and Enterprise Visibility & Mobility are two of ZBRA’s business units. 

ZBRA impressively boasted earnings beats throughout fiscal 2021, besting analysts’ projections for EPS (Earnings-per-share) and revenue four quarters in a row. ZBRA most recently beat EPS and revenue expectations by 3.14% and 2.36%, respectively. ZBRA‘s net sales for the fourth quarter of 2021, ending December 31st, were $1.47 billion, up 12.2% year-over-year. Its net income increased by 2.1% year-over-year to $245 million, while ZBRA’s EPS increased by 1.8% to $4.54. Analysts estimate ZBRA‘s sales to climb 5.6% year-over-year to $5.95 billion in the fiscal year 2022. In 2023, its EPS is expected to increase by 13% to $22.40. The consensus price target for ZBRA from the analysts that provide 12-month predictions is 592.50, with a high of 700.00 and a low of 470.00The consensus estimate is up 54.40% from its most recent price, and the consensus also strongly agrees with ZBRA’s buy rating. 



Infineon Technologies AG (IFNNY)

Infineon Technologies AG (IFNNY), based in Munich, Germany, develops, produces, and sells semiconductor materials and related software solutions worldwide. Automotive, Industrial Power Control, Power & Sensor Systems, and Connected Secure Systems are IFNNY’s operating business segments.

In the first quarter of fiscal 2022, ending December 31st, 2021, IFNNY‘s revenue climbed 20.1% year-over-year to €3.16 billion ($3.43 billion). Its profit for the quarter was €457 million ($496.14 million), up 78.5% year-over-year, and adjusted EPS was €0.41, up 46.4%. IFNNY‘s revenue is expected to rise 11.6% year-over-year to $14.75 billion in the fiscal year 2022, according to analysts. In 2022, IFNNY’s EPS is expected to increase 37.1% to $1.96. Until IFNNY reports again in April 2022, its current quarter shows us $3.6 billion in sales, with 46 cents per share. IFNNY currently pays a dividend yield of 1.08%, with a quarterly payout of 8 cents per share. The median price target for IFNNY from the analysts that provide 12-month price projections is 54.77, with a high of 61.65 and a low of 29.55The median estimate reflects an increase of 84.10% over current pricing, and the experts agree that IFNNY has earned its solid buy rating.



LG Display Co Ltd (LPL)

LG Display Co (LPL) is a leading producer and supplier of thin-film transistor liquid crystal display panels, OLEDs, and flexible displays worldwide. LPL, established in Seoul, South Korea, develops, produces, and distributes display panels based on thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) technology. LPL introduced their newest OLED TV technology, ‘OLED EX,’ on December 29th, 2021.

LPL‘s revenue for the fourth quarter ending December 31st, 2021, was KRW 8.81 trillion ($7.12 billion), up 21.9% sequentially. Its gross profit was KRW 1.31 trillion ($1.06 billion), up 0.5% from the previous quarter. In addition, interest expenditures fell 23.4% to KRW 91.65 billion ($74.14 million) from the previous quarter. Over the next five years, LPL‘s EPS is predicted to increase by 32.5% each yearLPL’s current quarter (it reports earnings again in April) shows us $5.7 billion in sales, at a modest 13 cents per share. Year-over-year, it’s notable that we can see revenue growth of 18.04%. The consensus price objective for LPL from the analysts that provide 12-month predictions is 10.85, with a high of 13.86 and a low of 6.05The median forecast indicates an increase of 45.97% over current pricing, and the consensus among experts gives LPL a robust buy rating that shouldn’t be overlooked.

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