Garmin, Jabil Circuit and Other Top Tech Stocks in February

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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.
AdvantestATE
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 DateComputer SciencesCSC
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 TechnologiesESE
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 CircuitJBL
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.
GarminGRMN
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
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, Motorola Mobility
MMI
and Sony
SNE
.
Seagate TechnologySTX
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 StocksVimpelCom
'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.
ACTION ITEMS: 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.
Bearish: Traders may prefer to consider these alternative positions:
  • 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.
Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.
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Posted In: Long IdeasSector ETFsShort IdeasDividendsTrading IdeasETFsaccentureAdvantestApplecomputer sciencesCSCdividend stocksESCO TechnologiesETFsFlextronicGarminItronJabil CircuitMobile Telesystems OJSCmotorola mobilityNetAppOracleSeagate TechnologySonytech stocksTelecommunication Servicesteradynevimpelcomwestern digitalWireless Telecommunication Services
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