We Discuss the Best Cheap Tech Stocks Trading at Deep Discounts, Plus Stock Price Targets
Tech stocks are always at the top of any investors Watch List. There are some great tech companies in the micro and small cap space that rarely get any coverage but they provide some of the greatest potential. In this article we discuss four of the best cheap tech stocks currently trading in the market.
All companies were identified using the Simple Investing Success stock screener, which scans for companies meeting our simple criteria of cheap and good, using simple metrics for discount and valuation.
Cheap Tech Stocks to Watch
- Tower Semiconductor (TSEM)
- Benchmark Electronics (BHE)
- Bel Fuse (BELFA) Class A Shares
- Franklin Wireless (FKWL)
Let’s take a closer look at each company.
Tower Semiconductor (TSEM)
- Earnings Yield: 14.36%
- 52-week range: $18.10 – $34.45
- Analyst Price target: $46.19
- Price/Free Cash Flow: 122.96
- Price/Sales: 2.59
- Price/Earnings: 33.07
Tower Semiconductor is an independent semiconductor foundry that manufactures and markets analog intensive mixed-signal semiconductor devices in the US and internationally. It provides various customizable process technologies, including SiGe, BiCMOS, integrated power management and MEMS. The company also offers wafer fabrication services and design enablement platform for the product design cycle.
Tower Semiconductor serves several markets, to include consumer electronics, personal computers, and the automotive industry.
The company was founded in 1993 and is headquartered in Israel. The current CEO is Russell Ellwanger.
The YTD performance for TSEM is 25.37%.
Benchmark Electronics (BHE)
- Earnings Yield: 12.46%
- 52-week range: $19.67 – $32.56
- Analyst Price target: $33.17
- Price/Free Cash Flow: 11.30
- Price/Sales: 0.49
- Price/Earnings: 34.97
Benchmark Electronics specializes in product design, engineering services, technology solutions, and advanced manufacturing services. The company handles engineering services like new product design, prototype testing and automation equipment design. Additionally, the company also offers services in electronics manufacturing and environmental stress testing.
The bulk of Benchmark’s services are sold through direct order fulfillment to customers in medical technologies, aerospace and complex industrial industries.
Benchmark Electronics was founded in 1979 and is headquartered in Tempe, Arizona. The current CEO is Jeff Benck.
The YTD performance for BHE is 3.52%.
Bel Fuse (BELFA) Class A Shares
- Earnings Yield: 16.63%
- 52-week range: $10.03 – $22.00
- Analyst Price target: $20.43
- Price/Free Cash Flow: 3.97
- Price/Sales: 0.42
- Price/Earnings: 7.52
Bel Fuse designs and manufactures products used in networking, telecommunication, high-speed data transmission and commercial aerospace in the US and internationally. The company also provides power solutions and protection products like front-end power supplies, board-mount power and industrial power.
Bel Fuse sells its products under the following brands: Bel, TRP Connector, MagJack, Signal, Bel Power Solutions, Melcher, CUI, Stratos, Fibreco, Cinch, Johnson, Trompeter, Midwest Microwave, Semflex, and Stewart Connector. Products are sold through direct strategic account managers, regional sales managers and authorized distributors.
Bel Fuse was founded in 1949 and is headquartered in Jersey City, New Jersey. The current CEO is Daniel Bernstein.
The YTD performance for BELFA is 9.86%.
Franklin Wireless (FKWL)
- Earnings Yield: 29.85%
- 52-week range: $7.56 – $28.14
- Analyst Price target: $19.21
- Price/Free Cash Flow: 2.24
- Price/Sales: 1.15
- Price/Earnings: 4.24
Franklin Wireless provides wireless solutions in the form of mobile hotspots, routers and trackers. The company’s devices integrate hardware and software enabling machine-to-machine applications and the Internet of Things. The company’s solutions include embedded modules, modems and gateways built to deliver connectivity for applications based on 5G/4G wireless technology.
The company sells it’s products through direct marketing to wireless customers and through strategic partners with distributors primarily in the US, Europe, the Middle East, Africa and Asia.
Franklin Wireless was founded in 1981 and is headquartered in San Diego, California. The current CEO is OC Kim.
The YTD performance for FKWL is -65.96%.
We hope you enjoyed this list of the top cheap tech stocks for September 2021. Be sure to add these picks to your Watch List and if you haven’t done so already, check in on the performance of our Current Portfolio. Keep it simple and always do your due diligence.
This material is provided for informational purposes only and is not financial advice. The information contained herein should not solely be used for the formation of an investment decision, whether you are a long term or short term investor.