5 Tech Stocks With Low PE Ratio

2. HP Inc. (NYSE:HPQ)

P/E Ratio: 9.18

Number of Hedge Fund Holders: 42

HP is another notable tech stock with low PE ratio as of January 13. HP Inc. (NYSE:HPQ) is down about 27% over the past year. Despite the weaknesses in the core PC markets, HP Inc. (NYSE:HPQ) is continuing to pay investors dividends. Earlier this month, HP Inc. (NYSE:HPQ) announced $0.2625/share quarterly dividend, in line with previous. Forward dividend yield at the time came in at 3.67%. HP Inc. (NYSE:HPQ) stock gained value in November after some analyst firms gave bullish comments about HP Inc. (NYSE:HPQ). Citi analyst Jim Suva said that HP Inc. (NYSE:HPQ)’s layoffs plan and belt tightening could result in cost savings of $1.4 billion by fiscal 2025.

As of the end of the third quarter of 2022, 42 hedge funds tracked by Insider Monkey reported having stakes in HP Inc. (NYSE:HPQ), compared to 35 funds in the previous quarter.