5 Tech Stocks with Low PE Ratios

In this article, we discuss the 5 tech stocks with a low PE ratio. To read the detailed analysis of the technology sector, go directly to the 12 Tech Stocks with low PE ratios.

5. STMicroelectronics N.V. (NYSE:STM)

PE Ratio as of November 9: 8.72

STMicroelectronics N.V. (NYSE:STM) is a Geneva-based semiconductor company. It is one of the largest semiconductor companies in the world and serves more than 200,000 customers around the world.

On November 6, STMicroelectronics N.V. (NYSE:STM) announced that it will be further promoting Connectivity Standards Alliance’s (CSA) Matter standard for security by entering into an agreement with CommScope Holding Company, Inc. (NASDAQ:COMM) to incorporate its signature STM32WB microcontroller unit (MCU) with PKIWorks IoT security platform.

On November 1, Morgan Stanley analyst Lee Simpson upgraded STMicroelectronics N.V. (NYSE:STM) stock to Overweight from an Equal Weight rating and raised the price target to EUR 48 from EUR 40. As per the analyst’s comments, the company’s margins will make a recovery in H1 2024.

On October 26, STMicroelectronics N.V. (NYSE:STM) released its third-quarter earnings result with a GAAP EPS of $1.16, which outperformed the estimates by $0.08. The revenue grew by 2.3% YoY to $4.43 billion, surpassing the estimates by $50 million.