This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

10 Technology Stocks With Upside

Stocks in this article: ATML SPRD WSTL AXTI MIPS MGIC UNTK

NEW YORK ( TheStreet) -- Cirrus Logic (CRUS), Magma Design Automation (LAVA), Amtech Systems (ASYS), Atmel Corp (ATML - Get Report), Spreadtrum Communications (SPRD), Westell Technologies (WSTL - Get Report), AXT Inc (AXTI - Get Report), MIPS Technologies (MIPS), Magic Software (MGIC - Get Report) and UniTek Global Services (UNTK) are 10 technology stocks expected to return up to 115%, based on their respective 12-month price targets.

During the past one year, these stocks have recorded exponential gains outperforming both their peers and the S&P 500. The stocks have gained anywhere between 100%-300% and are expected to have further upsides, according to analysts. Moreover, most of these stocks are trading at single-digit PEs much lower than the S&P 500 which is trading at a PE of 15.35.


10. Cirrus Logic is a premier supplier of high-precision analog and digital signal processing components for audio and energy markets. It develops ICs, board-level modules and hybrids for high-power amplifier applications branded as the Apex Precision Power line of products. The stock has gained 164% during the past one year.

During the third quarter ended Dec. 2010, total revenue increased 46.7% year-over-year to $95.6 million. Gross margin improved 132 basis points to 54.86%, while operating margin expanded 744 basis points to 24.17%. Subsequently, net income more than doubled to $24.6 million or 34 cents per share compared to $11.1 million or 17 cents per share a year ago. Analysts estimated earnings of 33 cents per share.

Going forward, the company expects to record revenue of $88-$94 million during the fourth quarter. This would represent an increase of 40%-50% year-over-year. Furthermore, gross margin is estimated to range between 54-56%.

Of the six analysts covering the stock, 50% recommend it a buy, while 33% rate it a hold. There is one sell rating on the stock. On average, analysts expect an upside of 37% to $28 in value from current levels.

1 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs