6 tech stocks for investors looking for bargains

KT Corp (KT)

KT Corp (NYSE:kt) is a South Korean telecommunications operator. It also provides broadband services, as well as media and content services. These include IPTV, satellite TV, digital music, e-commerce, online advertising consulting and other related services.

KT Corp pays an annual dividend each year. It recently declared its dividend on April 27 for 75.47 cents. It does not become ex-dividend again until December 30, 2022, when the next dividend is declared in May 2023. This gives it a dividend yield of 5.36% if next year’s dividend is the same.

This is one of the rare cases where the ex-dividend date is actually four months before the declaration date. So if you buy the stock, assume that its dividend will be close to the previous dividend.

The stock has a forward P/E of 6.3x, according to Looking for Alphaa, and a multiple of 8.15x according to Refinitiv. With its high dividend yield and low P/E, KT stock is one of the best tech stocks that investors love.

United Microelectronics (UMC)

United Microelectronics (NYSE:CMU) is a foundry semiconductor chip manufacturer with factories around the world. Like KT Corp, it pays a dividend once a year. However, the ex-date is after the reporting date, not before like for KT stock. Usually the ex-date is mid-July, so there is still time to collect this year’s dividend.

Last year, the dividend was set at 28.66 cents, giving it a dividend yield of 3.35%. This year it is likely to be much higher. Here’s why: its dividend was 34.5%, so assuming its EPS reaches $1.12 this year, the new dividend could be 38.64 cents. So, at today’s price close to $8.50, UMC stock has a forward-looking yield of 4.52%.

Additionally, UMC stock has a forward P/E of just 7.6x. This makes it one of the best tech stocks for bargain-oriented investors.

Qualcomm (QCOM)

Qualcomm (NASDAQ:COMQ) is a mobile technology company with a huge patent portfolio and high earning power. Analysts forecast EPS for $12.59 this year, up 47.4% from a year ago.

And for next year, they estimate revenue 5% higher at $13.19. At today’s price, this gives QCOM a forward P/E of just 10.75x.

Additionally, the $3 per share dividend is less than a quarter of the $12.59 earnings forecast for this year. At today’s prices, it has a dividend yield of 2.28%.

Qualcomm has paid a dividend in each of the past 18 years. It is therefore very likely that the company will continue to do so even in the event of a recession. This makes it one of the best tech stocks to own with a low P/E and good dividend yield.

Nvidia (NVDA)

Nvidia (NASDAQ:NVDA) is a graphics chip and AI technology company. It’s cheap at only 30 times forward earnings. Additionally, his average PER over the past five years has been 40x.

Additionally, its earnings are expected to rise 27% from $4.44 in earnings per share (EPS) last year to $5.65 in 2022. And for 2023, 37 analysts surveyed by Refinitiv forecast average EPS of $6.74. This represents a forecast growth rate of 19.2% next year.

Based on my analysis, this offers upside potential of 30%. However, investors should also pay attention to the company’s upcoming results on May 25. They will want to see if the company is still positive about its earnings growth. Given that analysts expect positive earnings for this year and next, that makes the stock one of the best tech stocks on this list.

As of the date of publication, Mark Hake did not hold (either directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.