Here's a quick look at some of the top performing tech stocks in February. These stocks all have a market cap of more than $500 million, and they all pay a dividend too.
Advantest ATE rose more than 33% in the past month but is still down almost 31% from a year ago. This Tokyo-based maker of semiconductor testing systems announced in January the launch of a diesel emissions analysis service. The company was founded in 1954 and now has a market cap of $2.5 billion. Its dividend yield is 0.8%. And the stock has outperformed Massachusetts-based competitor Teradyne TER, as well as the broader markets, over the past six months.
See also: Seven Japanese Stocks Up More Than 10% Year to Date
Computer Sciences CSC is up about 34% year to date, including a more than 22% rise in the past month. CSC recently named a new CEO, and the CFO is leaving the company in May. Also, the company is rumored to be a takeover target. CSC is an S&P 500 component that has a market cap of $5.0 billion. And it has a dividend yield of 2.5%. The stock has outperformed competitors such as Accenture ACN, as well as the S&P 500 average, since the beginning of the year.
ESCO Technologies ESE is up about 20% in the past month but pulled back a bit in the past week. The company blamed disappointing Q1 results on late payments from large customers. Based in St. Louis, this maker of engineered products and systems has a market cap of $954.9 million, a dividend yield of 0.9%, a long-term EPS growth forecast of 17.5%. Over the past six months, the stock has outperformed competitors Itron ITRI and Oracle ORCL.
Jabil Circuit JBL is almost 32% higher year to date, and up more than 57% in the past six months. The St. Petersburg, Fla.-based electronic components maker said fiscal first-quarter EPS and sales rose, and it offered strong guidance for the current quarter. The $5.4 billion market cap company is an S&P 500 component. Its return on equity is 21.6%. The stock has outperformed competitors such as Flextronic International FLEX over the past six months.
Garmin GRMN is more than 18% higher year to date, including more than 15% in the past month. The company reported better-than-expected fourth-quarter results on strength in Europe and in the company's Fitness segment. This Swiss navigation, communication and information products maker has a market cap of $9.2 billion. Its dividend yield is 3.4%. Over the past six months, the stock has outperformed Apple AAPL, Motorola Mobility MMI and Sony SNE.
Seagate Technology STX is trading almost 62% higher than at the beginning of the year. Shares surged at the end of January when the hard drive maker said that its fiscal second-quarter net income more than tripled from a year earlier. The $11.8 billion market cap Irish company has a dividend yield of 3.8% and its return on equity is 29.3%. The stock has outperformed peers NetApp NTAP and Western Digital WDC over the past six months.
See also: Seven Hot European Stocks
VimpelCom's VIP share price is up more than 28% year to date but still down more than 13% from the 52-week high. The Dutch telecom is expected to say in its March 13 quarterly report that revenues more than doubled year over year. It has a dividend yield of 6.5% and an operating margin higher than the industry average. Short interest is 0.4% of the float. The stock has outperformed the likes of Mobile Telesystems OJSC MBT since the beginning of the year.
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Bullish: Investors interested in exchange traded funds focused on the tech sector might want to consider the following trades:
- Direxion Daily Technology Bull 3X Shares TYH is up more than 55% year to date.
- ProShares Ultra Technology ROM is up more than 34% year to date.
- SPDR Morgan Stanley Technology MTK is up more than 16% year to date.
- First Trust Technology AlphaDEX FXL is up almost 15% year to date.
- Direxion Daily Technology Bear 3X Shares TYP is trading near a 52-week low.
- ProShares UltraShort Technology REW is trading near a 52-week low.
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