10 High P/E Stocks Under the 200-Day SMA

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4. Intel Corporation (NASDAQ:INTC)

Trailing P/E: N/A 

Number of Hedge Fund Holders: 138

Intel Corporation (NASDAQ:INTC) represents a different investment case from the profitable semiconductor equipment companies on this list. The chipmaker is attempting to strengthen its competitive position in processors while expanding its manufacturing and foundry capabilities.

Intel’s negative trailing earnings make it eligible for this screen despite the absence of a positive trailing P/E ratio. Its latest quarterly performance, however, showed improvements in several operating areas. According to its third-quarter 2026 results, revenue increased 21% year over year to $16.5 billion. Data Center and AI revenue rose 78%, while the company reported a GAAP operating margin of 15.3%, compared with 5.0% a year earlier. Access our complete list of the best stocks that could skyrocket in 2027 here for free.

The contrast between its quarterly profitability and negative trailing earnings highlights why Intel cannot be evaluated using the same earnings-multiple framework as consistently profitable chipmakers. Its foundry ambitions remain a major part of the longer-term business strategy. Intel has continued advancing its manufacturing roadmap, including releasing a process design kit for its 14A technology.

Yet manufacturing expansion requires substantial investment, and the company is still navigating pressure in its client computing business. Intel’s ability to generate consistent returns from its manufacturing investments remains central to evaluating whether its operating improvements can support a more durable recovery.

3. ASML Holding N.V. (NASDAQ:ASML)

Trailing P/E: 35.06

Number of Hedge Fund Holders: 140

ASML Holding N.V. (NASDAQ:ASML) occupies an essential position in advanced semiconductor manufacturing through its lithography systems, which enable chipmakers to produce increasingly complex integrated circuits.

The company’s significance extends beyond demand for new manufacturing equipment. Its installed base also generates revenue from maintenance, upgrades, and productivity improvements, providing another source of business activity as semiconductor manufacturers seek greater output from existing facilities. In its third-quarter 2026 results, ASML reported total net sales of €11.7 billion, while Installed Base Management sales increased sequentially to €3.289 billion. Gross margin reached 57.5%, supported partly by demand for productivity upgrades.

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The company also reported that customers were expressing interest in equipment deliveries extending into 2029 and 2030. Management cautioned that currently planned manufacturing capacity for 2027 and 2028 would not fully meet the demand customers were forecasting. This creates an important operational consideration for the company. Strong demand provides commercial visibility, but ASML’s ability to expand production capacity and deliver equipment efficiently remains essential.

The company’s position in semiconductor manufacturing supports its business, although its elevated valuation leaves continued execution and customer investment important considerations.

2. Uber Technologies, Inc. (NYSE:UBER)

Trailing P/E: 40.35

Number of Hedge Fund Holders: 151

Uber Technologies, Inc. (NYSE:UBER) has developed a substantial transportation and delivery platform, with its financial performance increasingly supported by operating scale and improvements in profitability.

The investment case is no longer limited to whether demand for ride-hailing and food delivery can grow. Uber has demonstrated an ability to generate cash from its established operations while investing in additional services and autonomous transportation.

In its third-quarter 2026 results, Gross Bookings increased 20% year over year to $59.8 billion. The company generated $2.5 billion in free cash flow, while GAAP operating income increased 30% to $1.4 billion. These figures are particularly relevant when evaluating Uber’s elevated trailing earnings multiple, because they demonstrate improvements in the profitability of an already large commercial platform.

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Autonomous transportation represents another developing part of Uber’s strategy. The company has been expanding partnerships and preparing to increase the number of fully driverless vehicles available through its platform.

However, the economics of autonomous mobility remain distinct from those of its established ride-hailing operations. The financial implications will depend on commercial deployment and the arrangements Uber establishes with its technology partners. Its cash generation provides a foundation for pursuing these opportunities without making the existing investment case entirely dependent on their success.

1. Broadcom Inc. (NASDAQ:AVGO)

Trailing P/E: 37.51

Number of Hedge Fund Holders: 170

Broadcom Inc. (NASDAQ:AVGO) has become an important supplier to AI infrastructure through its custom accelerators and semiconductor networking products. Unlike companies manufacturing complete computing systems, Broadcom supplies technologies used to process information and connect increasingly complex data-center infrastructure.

Its growing AI semiconductor business has become an important contributor to financial performance. In the company’s third-quarter fiscal 2026 results, AI semiconductor revenue increased 221% year over year to $16.7 billion, supported by demand for custom accelerators and networking technologies.

However, Broadcom’s financial position is not determined by AI hardware alone. Its infrastructure software business generated $8.752 billion in quarterly revenue, increasing 29% year over year. Broadcom also generated $13.665 billion in free cash flow during the quarter, equivalent to approximately 46% of revenue. This demonstrates substantial cash generation alongside its revenue growth.

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The longer-term investment question for the company concerns the sustainability of AI infrastructure spending and the contribution of custom semiconductor programs to Broadcom’s earnings. Although its growth and cash generation provide a strong operating foundation, the stock’s elevated valuation makes the durability of those trends especially important.

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