What are top 10 technology stocks?

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What are top 10 technology stocks?

 What are top 10 technology stocks?
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Summary

  • Technology companies range from mega-capitalized to small-capitalized stocks.
  • Technology stocks saw strong growth in 2020 as consumer habits shifted online besides a range of favorable factors.
  • Technology stocks dominate the NASDAQ Composite Index. Of some 4,200 companies listed on the index, most of them are tech stocks.

Technology stocks are seeing renewed attention from investors after a lull in the past few months. The tech-heavy Nasdaq Composite Index is up 24.37 points or 0.18% from the previous close on Tuesday, marking gains for a third consecutive session.

Here we explore 10 stocks in terms of market capitalization and performance.

Apple Inc. (NASDAQ: AAPL) is a US$ 2.46 trillion market capital company. Its P/E ratio is 31.87 and dividend yield is 0.63%, with an annualized dividend of US$0.88. Its revenue increased around 54% in the March quarter of 2021, to US$89.6 billion compared to US$58.3 billion in the same quarter a year ago. Its net income also increased from US$11.2 billion to US$23.6 billion in the March quarter of 2021, reflecting growth of 110% YoY.

Its stock price grew around 50% in the past year. On July 2, its closing price was US$139.96.

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Source: Pixabay

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Microsoft Corporation (NASDAQ: MSFT) is a US$2.09 trillion technology company. Its P/E ratio is 37.8. Its dividend yield is 0.81% and annualized dividend is US$2.24. Its revenue from products, services and others was US$ 41.7 billion at the end of March quarter 2021 compared to US$ 35.02 billion in the same quarter 2020. Its net income was US$ 15.46 billion and US$ 10.75 billion in the March quarter of 2021 & 2020, respectively. Where the company's revenue increased 19%, net income grew nearly 44% year over year.

The stock price grew nearly 32% in one year. Its closing price was US$277.65 on July 2, 2021.

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Alphabet Inc. (NASDAQ: GOOGL) has a market capitalization of US$ 1.67 trillion and a P/E ratio of 33.27. It has touched a high of US$ 2,508.08 and a low of US$ 1,402.15 in the last 52 weeks. Alphabet Inc. Class C Capital Stock (NASDAQ: GOOG) market capitalization is US$ 1.72 trillion and P/E ratio of 34.27.

Alphabet Inc. consolidated statement reflects revenue of US$ 55.31 billion in March quarter 2021 compared to US$ 41.15 billion in the same quarter in 2020, showing growth of 34% year over year. At the same time, its net income grew from US$ 6.84 billion in March quarter 2020 to US$ 17.93 billion in the same quarter of 2021, reflecting a 162% increase.

GOOGL stock rose 67% in one year. Its closing price was US$2505.15 on July 2. In addition, GOOG share rose 72%, while its closing price was US$ 2574.38 on July 2, 2021.

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Facebook, Inc. (NASDAQ: FB) has a market capitalization of US$ 992.3 billion and a P/E ratio of 29.94. It touched a high of US$ 358.14 and a low of US$ 226.90 in the last 52 weeks and closed at US$ 354.70 on July 2, 2021, the previous trading session.

FB's revenue for the March ended quarter was US$ 26.17 billion compared to US$ 17.74 billion in the same quarter the previous year, showing around 48% growth. Its net income was US$ 9.5 billion compared to US$ 4.9 billion for the March quarter of 2021 & 2020, respectively, reflecting growth of nearly 94%.

Its stock increased by nearly 48% in the past year as of July 2, 2021. FB to declare its second-quarter results on July 28.

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Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) is a dedicated chip foundry headquartered in Hsinchu, Taiwan. Its market capitalization is US$ 615.95 billion, and its P/E ratio is 32.9. The company's dividend yield is 1.2%, and annualized dividend is US$ 1.567.

Its revenue for the first quarter ended March 31, 2021, was US$ 12.92 billion compared to US$ 10.3 billion for the same period in 2020. Its operating margin for Q1 2021 was 41.5% compared to 41.4% in the same period the previous year. The company will hold its Q2 earnings conference call on July 15. 

TSM stock's 52 weeks high and low is US$ 142.19 & US$ 60.56, respectively. Its stock increased by 92% in one year. It closed at US$118.91 on July 2, 2021.

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NVIDIA Corporation (NASDAQ: NVDA) is a US$ 513.35 billion market capitalization company. It designs graphic processing units (GPU) for the computing platforms. Its P/E ratio is 97.51, the dividend yield is 0.08%, and annualized dividend is US$ 0.64.

The company's revenue was US$ 5.66 billion, and net income was US$ 1.91 billion, showing 84% and 109% growth, respectively, year over year.

Its stock rose 108% in one year. Its closing price was US$819.48 on July 2, 2021.

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ASML Holding N.V. (NASDAQ: ASML) has US$ 284.2 billion market capital and a P/E ratio of 53.99. It manufactures photolithography systems for semiconductors. Its dividend yield is 0.46%, and its annualized dividend is US$ 3.178.

ASML's Q1, 2021 net sales amounted to €4.4 billion, and net income was €1.3 billion. Its stock price increased by 78% in the past year. Its closing price was US$ 687.54 on July 2.

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Source: Pixabay

Adobe Inc. (NASDAQ: ADBE) provides a plethora of software services such as document management, content creation, digital marketing, and advertising software as well as services. Its market capitalization is US$ 283.48 billion, and its P/E ratio is 51.56.

Adobe reported Q2 ended June 4, the revenue of US$ 3.84 billion (23% yoy growth) and net income of US$ 1.12 billion compared to US$ 1.10 billion in Q2, 2020.

ADBE stock rose 31% in one year. Its closing price was US$ 593.07 on July 2.

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Salesforce.com Inc (NYSE: CRM) is a US$ 231.32 billion market capital company. It provides cloud computing solutions as a SaaS product to clients. Its P/E ratio is 52.26.

Its revenue was US$ 5.96 billion, 23% growth yoy, and net income was US$ 469 million for the quarter ended April 30, 2021, compared to US$ 99 million for the same period the previous year, reflecting a 374% growth.

CRM stock grew 26% in one year. It was priced at US$248.20 at the close on July 2, 2021.

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Oracle Corporation (NYSE: ORCL) is a US$ 232.6 billion market capitalization company with a P/E ratio of 18.23. Its dividend yield is 1.56%, and its annualized dividend is 1.28. It provides ERP solutions and database technology to its clients.

Its quarter ended May 31 is also the end of FY 2021. The company reported revenue of US$ 40.48 billion compared to US$ 39.07 billion in FY 2020. Its net income was 13.75 billion for FY 2021 against US$ 10.14 billion for FY 2020.

Its May quarter revenue was US$11.2 billion, a 7.5% increase YoY, and net income was US$ 4 billion, 29% increase YoY, from US$ 3.12 billion in the same quarter previous year.

Oracle's stock raked in 45% growth in one year. Its closing price was US$81.82 on July 2, 2021.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

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