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Best Tech Stocks to Buy Now (2022)
Top tech stocks in 2022 ranked by overall Zen Score. See the best tech stocks to buy now, according to analyst forecasts for the technology sector.

Sector: Technology
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
UMC
UNITED MICROELECTRONICS CORP
NYSE
Semiconductors
$20.77B$8.32-3.93%$3.58B11.49x0.71
TAIT
TAITRON COMPONENTS INC
NASDAQ
Electronics & Computer Distribution
$21.39M$3.640.55%$2.40M5.69x0.08
ACLS
AXCELIS TECHNOLOGIES INC
NASDAQ
Semiconductor Equipment & Materials
$1.88B$57.02-5.85%$164.46M15.41x0.40
PUBM
PUBMATIC INC
NASDAQ
Software - Application
$1.12B$21.55-1.42%$93.16M19.24x0.86
CAN
CANAAN INC
NASDAQ
Computer Hardware
$589.93M$3.14-3.68%$325.33M1.69x0.63
YALA
YALLA GROUP LTD
NYSE
Software - Application
$560.09M$3.73-0.53%N/A6.91x0.12
TRVG
TRIVAGO NV
NASDAQ
Internet Content & Information
$598.97M$1.67-3.47%$37.89M75.91x0.26
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
NYSE
Semiconductors
$469.50B$90.53-2.99%$39.80B21.04x0.72
PAGS
PAGSEGURO DIGITAL LTD
NYSE
Software - Infrastructure
$4.32B$13.11-0.46%$662.41M17.09x1.96
RELL
RICHARDSON ELECTRONICS LTD
NASDAQ
Electronic Components
$185.11M$13.55-1.38%$16.66M15.40x0.32
SONO
SONOS INC
NASDAQ
Consumer Electronics
$2.55B$19.97-7.03%$180.04M18.15x0.83
SIMO
SILICON MOTION TECHNOLOGY CORP
NASDAQ
Semiconductors
$3.20B$91.70-1.19%$264.42M16.03x0.48
ACMR
ACM RESEARCH INC
NASDAQ
Semiconductor Equipment & Materials
$786.85M$13.30-4.25%$29.25M29.36x0.41
GRPN
GROUPON INC
NASDAQ
Internet Content & Information
$380.49M$12.70-11.25%$105.00M5.43x4.79
DIOD
DIODES INC
NASDAQ
Semiconductors
$3.32B$73.44-5.25%$474.33M12.60x0.62
EPAM
EPAM SYSTEMS INC
NYSE
Information Technology Services
$17.89B$313.000.11%$675.47M38.36x0.37
PERI
PERION NETWORK LTD
NASDAQ
Internet Content & Information
$852.53M$19.36-1.78%$69.66M14.13x0.44
ONTO
ONTO INNOVATION INC
NYSE
Semiconductors
$3.62B$73.08-6.31%$254.01M21.00x0.17
MKSI
MKS INSTRUMENTS INC
NASDAQ
Scientific & Technical Instruments
$6.43B$115.44-5.79%$821.60M11.19x0.54
KARO
KAROOOOO LTD
NASDAQ
Software - Application
$767.59M$24.80-3.31%$42.56M25.54x0.43
CLFD
CLEARFIELD INC
NASDAQ
Communication Equipment
$742.70M$53.93-5.17%$45.06M22.38x0.30
PLAB
PHOTRONICS INC
NASDAQ
Semiconductor Equipment & Materials
$951.25M$15.41-4.29%$191.15M13.40x0.35
PDD
PINDUODUO INC
NASDAQ
Internet Retail
$48.79B$38.59-3.91%$2.00B39.82x1.41
NTAP
NETAPP INC
NASDAQ
Computer Hardware
$15.74B$70.73-4.29%$1.50B15.55x9.77
IMXI
INTERNATIONAL MONEY EXPRESS INC
NASDAQ
Information Technology Services
$762.70M$19.841.38%$81.28M15.50x1.29
AMD
ADVANCED MICRO DEVICES INC
NASDAQ
Semiconductors
$156.02B$96.28-6.04%$4.95B35.53x0.21
CD
CHINDATA GROUP HOLDINGS LTD
NASDAQ
Information Technology Services
$2.32B$6.33-6.22%$211.39M46.20x0.85
FB
META PLATFORMS INC
NASDAQ
Internet Content & Information
$520.26B$192.24-5.12%$52.84B14.35x0.33
TER
TERADYNE INC
NASDAQ
Semiconductor Equipment & Materials
$16.47B$102.80-5.26%$1.25B17.36x0.46
APPS
DIGITAL TURBINE INC
NASDAQ
Software - Application
$2.45B$25.28-7.09%$83.63M49.57x2.05
LFUS
LITTELFUSE INC
NASDAQ
Electronic Components
$6.50B$262.68-3.58%$523.33M18.83x0.60
GOOGL
ALPHABET INC
NASDAQ
Internet Content & Information
$1.47T$2,237.99-3.93%$102.21B19.96x0.41
AMAT
APPLIED MATERIALS INC
NASDAQ
Semiconductor Equipment & Materials
$98.36B$111.34-4.71%$8.09B15.34x1.14
GRMN
GARMIN LTD
NYSE
Scientific & Technical Instruments
$19.54B$101.20-3.20%$1.35B18.10x0.23
QCOM
QUALCOMM INC
NASDAQ
Semiconductors
$146.10B$130.45-6.61%$15.05B13.18x2.32
OTEX
OPEN TEXT CORP
NASDAQ
Software - Application
$10.19B$37.67-0.87%$1.26B21.53x1.51
ZBRA
ZEBRA TECHNOLOGIES CORP
NASDAQ
Communication Equipment
$17.14B$326.42-5.27%$1.14B21.39x1.11
ON
ON SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$24.26B$55.83-4.56%$2.39B16.62x1.04
ENTG
ENTEGRIS INC
NASDAQ
Semiconductor Equipment & Materials
$14.31B$105.30-6.23%$709.81M31.62x0.80
AVT
AVNET INC
NASDAQ
Electronics & Computer Distribution
$4.60B$47.06-2.85%$931.73M8.78x1.30
IS
IRONSOURCE LTD
NYSE
Software - Application
$2.82B$2.76-1.43%$117.32M39.43x0.36
UCTT
ULTRA CLEAN HOLDINGS INC
NASDAQ
Semiconductor Equipment & Materials
$1.42B$31.42-4.47%$252.80M11.47x1.23
GLOB
GLOBANT SA
NYSE
Software - Application
$7.53B$179.69-2.45%$217.85M76.46x0.45
TTWO
TAKE TWO INTERACTIVE SOFTWARE INC
NASDAQ
Electronic Gaming & Multimedia
$14.25B$123.05-0.02%$793.41M33.99x0.72
ITRN
ITURAN LOCATION & CONTROL LTD
NASDAQ
Communication Equipment
$478.84M$23.32-0.04%$69.74M14.13x1.17
CSIQ
CANADIAN SOLAR INC
NASDAQ
Solar
$1.75B$27.262.10%$472.01M17.59x2.92
SLAB
SILICON LABORATORIES INC
NASDAQ
Semiconductors
$5.07B$138.50-2.56%$2.19B2.74x0.42
GVP
GSE SYSTEMS INC
NASDAQ
Software - Application
$26.90M$1.28-5.88%$11.76M2.78x1.01
OLED
UNIVERSAL DISPLAY CORP
NASDAQ
Semiconductor Equipment & Materials
$5.70B$120.69-5.73%$270.34M31.51x0.32
CSCO
CISCO SYSTEMS INC
NASDAQ
Communication Equipment
$200.90B$48.36-4.43%$17.00B17.15x1.39
ARW
ARROW ELECTRONICS INC
NYSE
Electronics & Computer Distribution
$8.11B$122.77-3.65%$1.97B6.84x2.62
CMBM
CAMBIUM NETWORKS CORP
NASDAQ
Communication Equipment
$354.66M$13.22-5.71%$23.91M22.03x0.91
MSFT
MICROSOFT CORP
NASDAQ
Software - Infrastructure
$1.90T$254.08-4.77%$98.58B26.33x1.12
NATI
NATIONAL INSTRUMENTS CORP
NASDAQ
Software - Application
$4.34B$33.12-2.19%$226.76M39.90x0.72
OCG
ORIENTAL CULTURE HOLDING LTD
NASDAQ
Internet Retail
$64.19M$3.05-4.69%$11.87M5.45x0.08
DSWL
DESWELL INDUSTRIES INC
NASDAQ
Electronic Components
$54.43M$3.421.18%$13.16M4.96x0.31
KLAC
KLA CORP
NASDAQ
Semiconductor Equipment & Materials
$49.82B$333.85-5.02%$3.75B16.09x1.95
MIME
MIMECAST LTD
NASDAQ
Software - Infrastructure
$5.35B$79.920.04%$126.18M111.00x1.09
HCKT
HACKETT GROUP INC
NASDAQ
Information Technology Services
$630.17M$19.91-4.00%$55.22M13.27x0.39
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
NASDAQ
Software - Application
$848.47M$17.29-1.93%$62.12M30.88x1.03
RVLV
REVOLVE GROUP INC
NYSE
Internet Retail
$1.98B$27.05-7.46%$117.17M19.46x0.68
CPSH
CPS TECHNOLOGIES CORP
NASDAQ
Electronic Components
$48.63M$3.37-7.42%$1.43M12.96x0.39
PAYC
PAYCOM SOFTWARE INC
NYSE
Software - Application
$16.20B$268.94-4.51%$362.43M70.04x4.40
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
NASDAQ
Software - Application
$15.10B$59.28-3.84%$1.90B19.06x2.05
AVNW
AVIAT NETWORKS INC
NASDAQ
Communication Equipment
$314.68M$28.18-5.75%$31.39M16.58x0.62
PRFT
PERFICIENT INC
NASDAQ
Information Technology Services
$3.28B$94.56-3.80%$119.58M47.52x1.63
CRUS
CIRRUS LOGIC INC
NASDAQ
Semiconductors
$4.57B$79.86-1.75%$346.39M17.95x0.32
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
NASDAQ
Information Technology Services
$36.60B$70.23-6.50%$3.48B16.80x0.46
LRCX
LAM RESEARCH CORP
NASDAQ
Semiconductor Equipment & Materials
$66.23B$477.48-6.79%$5.47B14.84x1.75
TSEM
TOWER SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$6.48B$46.18-1.81%$472.92M36.83x0.37
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
NASDAQ
Computer Hardware
$18.07B$84.10-3.44%$2.57B10.21x20.72
ENPH
ENPHASE ENERGY INC
NASDAQ
Solar
$21.09B$156.17-1.23%$263.00M125.94x5.84
WB
WEIBO CORP
NASDAQ
Internet Content & Information
$5.09B$21.500.00%$699.40M11.50x1.07
JKS
JINKOSOLAR HOLDING CO LTD
NYSE
Solar
$2.57B$53.852.42%N/A31.00x4.61
INFY
INFOSYS LTD
NYSE
Information Technology Services
$80.02B$18.78-4.23%$4.06B30.29x0.41
MU
MICRON TECHNOLOGY INC
NASDAQ
Semiconductors
$79.34B$71.05-4.61%$16.58B8.83x0.33
MPWR
MONOLITHIC POWER SYSTEMS INC
NASDAQ
Semiconductors
$19.19B$411.36-7.16%$351.33M68.67x0.29
SEDG
SOLAREDGE TECHNOLOGIES INC
NASDAQ
Solar
$13.23B$238.80-0.23%$255.79M72.80x0.83
LGL
LGL GROUP INC
NYSEMKT
Electronic Components
$59.02M$11.012.32%$19.52M3.93x0.09
RMBL
RUMBLEON INC
NASDAQ
Internet Retail
$261.56M$15.80-17.28%$20.54M7.38x1.60
ASML
ASML HOLDING NV
NASDAQ
Semiconductor Equipment & Materials
$212.69B$528.30-5.93%$7.27B37.65x2.43
ELTK
ELTEK LTD
NASDAQ
Electronic Components
$24.06M$4.126.08%N/A4.53x1.03
BABA
ALIBABA GROUP HOLDING LTD
NYSE
Internet Retail
$236.21B$87.31-5.09%$20.89B22.77x0.66
NXPI
NXP SEMICONDUCTORS NV
NASDAQ
Semiconductors
$46.05B$175.39-5.52%$4.15B21.49x2.24
ZDGE
ZEDGE INC
NYSEMKT
Software - Application
$74.45M$5.172.78%$11.36M7.95x0.18
RIOT
RIOT BLOCKCHAIN INC
NASDAQ
Software - Application
$880.34M$6.93-9.06%$59.75M46.20x0.12
PRGS
PROGRESS SOFTWARE CORP
NASDAQ
Software - Application
$2.01B$45.94-2.52%$134.21M25.10x2.67
EEFT
EURONET WORLDWIDE INC
NASDAQ
Software - Infrastructure
$5.73B$113.28-2.68%$334.50M68.24x3.28
NSIT
INSIGHT ENTERPRISES INC
NASDAQ
Information Technology Services
$3.53B$100.70-0.04%$403.64M15.12x2.15
INVE
IDENTIV INC
NASDAQ
Computer Hardware
$256.18M$11.47-3.69%$4.34M382.33x0.29
PINS
PINTEREST INC
NYSE
Internet Content & Information
$14.66B$22.09-1.73%$377.17M42.48x0.15
FSLR
FIRST SOLAR INC
NASDAQ
Solar
$6.97B$65.36-0.06%$528.13M32.20x0.26
BIDU
BAIDU INC
NASDAQ
Internet Content & Information
$41.30B$118.86-3.71%$4.65B26.15x0.74
SGH
SMART GLOBAL HOLDINGS INC
NASDAQ
Semiconductors
$1.15B$23.15-2.81%$155.62M31.50x3.31
SCPL
SCIPLAY CORP
NASDAQ
Electronic Gaming & Multimedia
$1.65B$12.90-2.05%$39.70M17.20x1.80
ANET
ARISTA NETWORKS INC
NYSE
Computer Hardware
$31.62B$102.57-4.47%$1.10B33.85x0.47
COIN
COINBASE GLOBAL INC
NASDAQ
Software - Application
$13.99B$63.03-9.96%$1.56B5.43x2.22
CALX
CALIX INC
NYSE
Software - Application
$2.22B$34.30-4.30%$76.83M9.69x0.31
BMTX
BM TECHNOLOGIES INC
NYSEMKT
Software - Application
$86.04M$7.01-0.14%$34.53M4.87x1.01
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$1.08B$39.91-1.65%$548.36M2.32x0.46

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
70-3.47%+4.74%-10.86%-18.68%12.47x3.35x-49.29%+11.05%+20.46%+49.30%Buy
35-4.02%+3.69%-7.63%-25.73%11.50x4.30x+23.12%+10.47%+23.95%+71.18%Buy
18-3.80%+4.12%-12.77%-33.82%22.14x14.47x+144.84%+27.43%+51.73%+61.93%Buy
41-3.08%+1.17%+0.38%-0.42%19.45x2.94x+15.32%+6.29%+12.18%+28.83%Buy
29-1.86%+13.48%-10.34%-46.52%6.28x4.51x-13.24%+0.06%+1.68%+82.03%Buy
8-2.98%+1.51%+6.64%+7.98%6.91x1.33x+17.63%+6.06%+16.27%+15.90%Strong Buy
57-3.84%+5.04%-18.26%-42.88%14.82x3.07x+0.47%-0.30%+1.23%+86.26%Strong Buy
75-3.22%+1.90%-9.63%-13.94%33.89x3.59x+25.82%+8.21%+15.72%+37.16%Buy
74-3.90%+0.67%-15.53%-31.09%22.46x4.69x+22.08%+18.18%+26.21%+70.24%Buy
51-7.96%+3.74%-29.76%-45.56%40.31x4.37x+12.73%+4.79%+8.27%+99.98%Buy
36-2.97%+1.52%-8.92%-16.68%27.96x3.11x+15.80%+5.92%+11.02%+35.30%Buy
32-5.13%+4.96%-5.04%-14.12%24.58x8.98x+53.22%+22.18%+36.38%+45.41%Strong Buy
67-4.84%+4.06%-4.91%+6.19%22.83x4.57x+35.25%+17.70%+21.26%+43.43%Buy
257-4.19%+3.77%-22.40%-37.46%80.99x4.52x-19.33%-1.75%-1.31%+91.17%Buy
135-4.02%+1.72%-21.12%-19.80%5.67x10.48x+14.27%+14.91%+23.10%+63.11%Buy
18+0.02%+12.83%-17.37%-5.09%63.16x2.80x-20.48%+3.39%+5.78%+54.09%Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in May 2022?

According to Zen Score, the 3 best technology stocks to buy right now are:

1. UNITED MICROELECTRONICS (NYSE:UMC)


UNITED MICROELECTRONICS (NYSE:UMC) is the top tech stock with a Zen Score of 75, which is 41 points higher than the tech sector average of 34. It passed 29 out of 38 due diligence checks and has strong fundamentals. UNITED MICROELECTRONICS has seen its stock lose -3.37% over the past year, overperforming other tech stocks by 23 percentage points.

UNITED MICROELECTRONICS has an average 1 year price target of $7.30, a downside of -12.26% from UNITED MICROELECTRONICS's current stock price of $8.32.

UNITED MICROELECTRONICS stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering UNITED MICROELECTRONICS, 50% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

2. TAITRON COMPONENTS (NASDAQ:TAIT)


TAITRON COMPONENTS (NASDAQ:TAIT) is the second best tech stock with a Zen Score of 74, which is 40 points higher than the tech sector average of 34. It passed 26 out of 38 due diligence checks and has strong fundamentals. TAITRON COMPONENTS has seen its stock lose -20.52% over the past year, overperforming other tech stocks by 6 percentage points.

3. AXCELIS TECHNOLOGIES (NASDAQ:ACLS)


AXCELIS TECHNOLOGIES (NASDAQ:ACLS) is the third best tech stock with a Zen Score of 74, which is 40 points higher than the tech sector average of 34. It passed 24 out of 33 due diligence checks and has strong fundamentals. AXCELIS TECHNOLOGIES has seen its stock return 51.13% over the past year, overperforming other tech stocks by 77 percentage points.

AXCELIS TECHNOLOGIES has an average 1 year price target of $76.00, an upside of 33.29% from AXCELIS TECHNOLOGIES's current stock price of $57.02.

AXCELIS TECHNOLOGIES stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering AXCELIS TECHNOLOGIES, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the tech stocks with highest dividends?

Out of 143 tech stocks that have issued dividends in the past year, the 3 tech stocks with the highest dividend yields are:

1. SAP SE (NYSE:SAP)


SAP SE (NYSE:SAP) has an annual dividend yield of N/A, which is N/A percentage points lower than the tech sector average of 2.07%. SAP SE's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. SAP SE's dividend has shown consistent growth over the last 10 years.

2. SOLARWINDS (NYSE:SWI)


SOLARWINDS (NYSE:SWI) has an annual dividend yield of 13.42%, which is 11 percentage points higher than the tech sector average of 2.07%.

SOLARWINDS's dividend payout ratio of -483.9% indicates that its high dividend yield might not be sustainable for the long-term.

3. NATURAL HEALTH TRENDS (NASDAQ:NHTC)


NATURAL HEALTH TRENDS (NASDAQ:NHTC) has an annual dividend yield of 11.71%, which is 10 percentage points higher than the tech sector average of 2.07%. NATURAL HEALTH TRENDS's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. NATURAL HEALTH TRENDS's dividend has shown consistent growth over the last 10 years.

NATURAL HEALTH TRENDS's dividend payout ratio of 1,142.9% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks down?

Tech stocks were down -4.26% in the last day, and up 3.22% over the last week. PINEAPPLE ENERGY was the among the top losers in the technology sector, dropping -18.22% yesterday.

Shares of several companies in the broader industrial sector are trading lower amid overall market weakness.

What are the most undervalued tech stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued tech stocks right now are:

1. VIOMI TECHNOLOGY (NASDAQ:VIOT)


VIOMI TECHNOLOGY (NASDAQ:VIOT) is the most undervalued tech stock based on WallStreetZen's Valuation Score. VIOMI TECHNOLOGY has a valuation score of 100, which is 68 points higher than the tech sector average of 32. It passed 7 out of 7 valuation due diligence checks.

VIOMI TECHNOLOGY's stock has dropped -80.63% in the past year. It has underperformed other stocks in the tech sector by -54 percentage points.

2. CANAAN (NASDAQ:CAN)


CANAAN (NASDAQ:CAN) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. CANAAN has a valuation score of 100, which is 68 points higher than the tech sector average of 32. It passed 7 out of 7 valuation due diligence checks.

CANAAN's stock has dropped -67.96% in the past year. It has underperformed other stocks in the tech sector by -42 percentage points.

3. CLPS (NASDAQ:CLPS)


CLPS (NASDAQ:CLPS) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. CLPS has a valuation score of 100, which is 68 points higher than the tech sector average of 32. It passed 7 out of 7 valuation due diligence checks.

CLPS's stock has dropped -54.52% in the past year. It has underperformed other stocks in the tech sector by -28 percentage points.

Are tech stocks a good buy now?

46.44% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 65.22% over the next year.

What is the average p/e ratio of the technology sector?

The average P/E ratio of the technology sector is 26.44x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.