Navellier & Associates’ Top Tech Stock Picks

#2 Electronic Arts Inc. (NASDAQ:EA)

Shares held (as of September 30): 367,176
Total Value (as of September 30): $24.88 million
Percent of Portfolio (as of September 30): 2.50%

Electronic Arts Inc. (NASDAQ:EA) is more than just the Madden franchise, it has many other successful game titles as well, including FIFA and Need for Speed. Although the company hasn’t really caught on to mobile (having made $524 million in mobile revenue for fiscal year 2015), virtual reality offers potential new growth opportunities. Shares have done very well in 2015, advancing by 53.76% year-to-date. Even with the rally, Electronic Arts trades at a reasonable 21.44 times forward earnings. Other shareholders of EA at the end of June include Philippe Laffont‘s Coatue Management and Joel Greenblatt’s Gotham Asset Management.

#1 Avago Technologies Ltd (NASDAQ:AVGO)

Shares held (as of September 30): 251,490
Total Value (as of September 30): $31.44 million
Percent of Portfolio (as of September 30): 3.17%

Avago Technologies Ltd (NASDAQ:AVGO)’s aggressive M&A strategy has certainly paid off for its shareholders, as the stock is up 20.25% year-to-date. Management’s good execution and strong cost controls ensure Avago achieves the synergies promised and then some. The company has recently added Broadcom to its portfolio in a $37 billion deal that should yield $750 million of projected annual cost synergies within 18 months and be immediately accretive to earnings per share and free cash flow. With forward P/E of 12.6, shares aren’t expensive, although given the rising interest rates and the spate of other M&A deals in the industry, Avago Technologies may not have much more time to make more acquisitions that can move the bottom line and add to growth.