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2023 Technology Sector Stocks List | Updated Daily


Updated on September 22nd, 2023 by Bob Ciura

Spreadsheet data updated daily

The technology industry is one of the most exciting areas of the stock market, known for its rapid growth and propensity to create rapid and life-changing wealth for early investors.

Until recently, the technology sector was not known for being a source of high-quality dividend investment ideas. This is no longer the case.

Today, some of the most appealing dividend stocks come from the tech sector.

With that in mind, we’ve compiled a list of all 200+ technology stocks complete with important investing metrics, which you can access below:

 

Click here to instantly download your free spreadsheet of all Technology Stocks now, along with important investing metrics.

The holdings of the technology stocks list were derived from the following major exchange-traded funds:

  1. Invesco QQQ ETF (QQQ)
  2. Technology Select Sector SPDR ETF (XLK)
  3. Invesco S&P SmallCap Information Technology ETF (PSCT)

Keep reading this article to learn more about the benefits of investing in dividend-paying technology stocks.

In addition to providing a full spreadsheet of tech stocks and how to use the spreadsheet, we give our top 10-ranked tech stocks today in terms of 5-year expected annual returns.

Table Of Contents

The following table of contents allows you to instantly jump to any section:

How To Use The Technology Stocks List To Find Dividend Investment Ideas

Having an Excel document containing the names, tickers, and financial metrics for all dividend-paying technology stocks can be extremely powerful.

The document becomes significantly more powerful if the user has a working knowledge of Microsoft Excel.

With that in mind, this section will show you how to implement two actionable investing screens to the technology stocks list. The first screen that we’ll implement is for stocks with dividend yields above 3%.

Screen 1: High Dividend Yield Technology Stocks

Step 1: Download the technology stocks list at the link above.

Step 2: Click on the filter icon at the top of the dividend yield column, as shown below.

Dividend-Paying Technology Stocks Excel Tutorial 1

Step 3: Change the filter setting to “Greater Than” and input 0.03 into the field beside it, as shown below.

Dividend-Paying Technology Stocks Excel Tutorial 2

The remaining stocks in this spreadsheet are dividend-paying technology stocks with dividend yields above 3%, which provide a basket of securities that should appeal to retirees and other income-oriented investors.

The next section will show you how to simultaneously screen for stocks with price-to-earnings ratios below 20 and market capitalizations above $10 billion.

Screen 2: Low Price-to-Earnings Ratios, Large Market Capitalizations

Step 1: Download the technology stocks list at the link above.

Step 2: Click on the filter icon at the top of the price-to-earnings ratio column, as shown below.

Dividend-Paying Technology Stocks Excel Tutorial 3

Step 3: Change the filter setting to “Less Than” and input 20 into the field beside it, as shown below.

Dividend-Paying Technology Stocks Excel Tutorial 4

Step 4: Exit out of the filter window (by clicking the exit button, not by clicking the Clear Filter button). Then, click on the filter icon at the top of the market capitalization button, as shown below.

Dividend-Paying Technology Stocks Excel Tutorial 5

Step 5: Change the filter setting to “Greater Than” and input 10000 into the field beside it, as shown below. Note that since market capitalization is measured in millions of dollars in this spreadsheet, inputting “$10,000 million” is equivalent to screening for stocks with market capitalizations above $10 billion.

Dividend-Paying Technology Stocks Excel Tutorial 6

The remaining stocks in the Excel spreadsheet are dividend-paying technology stocks with price-to-earnings ratios below 20 and market capitalizations above $10 billion. The size and reasonable valuation of these businesses make this a useful screen for value-conscious, risk-averse investors.

You now have an understanding of how to use the technology stocks list to find investments with certain financial characteristics. The remainder of this article will discuss the relative merits of investing in the technology sector.

Why Invest In The Technology Sector?

The technology industry is known for having some of the best-performing stocks over short periods of time. Indeed, it’s hard to overstate how much wealth was created for the early investors in companies like Microsoft (MSFT) or Apple (AAPL).

In addition, the technology sector is highly diversified.  It includes everything from social media companies to semiconductor stocks.  The technology sector itself is not a monolith; there are many types of businesses within the sector.

Unfortunately, the technology industry is also known for causing one of the most dramatic stock market bubbles on record. The 2000-2001 dot-com bubble destroyed billions of dollars of market value because technology stocks were trading at such irrationally high valuations.

S&P 500 Price Return for Technology Stocks Landing Page

Source: YCharts

This notable bear market might lead some investors to avoid the technology sector entirely.

Fortunately, today’s technology sector is tremendously different from its predecessor in the early 2000s. While technology stocks were previously valued based on page views or other vanity metrics, this school of thought has changed significantly.

Today’s technology stocks are valued based on the same yardsticks as other businesses: earnings, free cash flow, and, to a lesser extent, assets.

Moreover, careful security analysis allows investors to find undervalued technology stocks and profits, just as with any other industry.

Investors might also avoid tech stocks because of a perceived inability to understand how they make money. While some investors ignore technology stocks because of their harder-to-understand business models, it’s important to note that not all technology stocks have business operations that are shrouded in complexity.

As an example, Apple has a very simple business model. The company manufactures and sells iPhones, Apple computers, and wearable devices.

Moreover, one could argue that Apple’s greatest strength is not its technology, but its brand – similar to many non-technology companies like the Coca-Cola Company (KO), Procter & Gamble (PG), and Colgate-Palmolive (CL).

Importantly, there are opportunities similar to Apple throughout the sector – not all technology stocks have competitive advantages that are based on microchip capacity or cloud computing speed.

The last reason why technology stocks can play an important role in your investment portfolio is that they have the potential to be very strong dividend stocks.

Historically, the technology sector was devoid of any appealing dividend investments because technology firms reinvested all money to drive rapid organic growth.

This is no longer the case, at least not in general. Many technology firms now pay steadily rising dividends year in and year out.

The profits of these large, stable technology companies are only growing. And, many technology firms have fairly low payout ratios.

These factors lead us to believe that the technology sector will continue to provide strong dividend growth investment opportunities for the foreseeable future.

The Top 10 Tech Stocks Today

With all that said, the following 10 stocks represent our highest-ranked tech stocks in the Sure Analysis Research Database, in terms of 5-year expected annual returns.

Rankings are listed in order of expected total annual returns, in order from lowest to highest.

Tech Dividend Stock #10: Monolithic Power Systems (MPWR)

Monolithic Power Systems is a leading semiconductor company that designs, develops, and markets high-performance power solutions. The company utilizes its deep system-level and applications expertise to develop highly integrated monolithic systems used in computing and storage, automotive, industrial, communications, and consumer applications industries.

Monolithic Power generates around $1.2 billion in annual revenues. The company operates a diversified business model.

Source: Investor Presentation

On July 31st, 2023, Monolithic Power reported its Q2 results for the period ending June 30th, 2023. For the quarter, revenues declined by 2.2% quarter-over-quarter to $441.13 million. The decline in revenues was due to lower communications sales, offset by higher Industrial, Storage and Computing, and Consumer and Enterprise Data sales.

Communications revenues of $49.3 million were down 27.4% from Q1-2023, primarily reflecting lower infrastructure sales. However, Storage and Computing revenues grew by 3.9% sequentially. The Industrial and Consumer segments also saw higher revenues, which increased by 4.8% and 2.9%, respectively.

Finally, Enterprise Data revenues grew by 1.7% compared to the previous quarter. As a result of lower sales, adjusted earnings-per-share came in at $2.82, compared to $3.00 in Q1-2023.

Click here to download our most recent Sure Analysis report on MPWR (preview of page 1 of 3 shown below):

Tech Dividend Stock #9: HP, Inc. (HPQ)

HP Inc. has centered its business activities around two main segments: its product portfolio of printers, and its range of so-called personal systems, which includes computers and mobile devices.

HP reported its third quarter (fiscal 2023) results on August 29. The company reported revenue of $13.2 billion for the quarter, which missed the analyst consensus estimate, and which was down 10% from the previous year’s quarter.

This was slightly better than the revenue decline that HP experienced during the previous quarter, while the weak year-over year performance can be explained by an overall economic downturn.

Source: Investor Presentation

Non-GAAP earnings-per-share totaled $0.86 during the third quarter, which was in line with the analyst consensus estimate. HP Inc. saw its operating margin decline slightly over the last year.

The company currently forecasts earnings per-share in a range of $0.85 to $0.97 for the fourth quarter, which would mean an improvement versus the most recent quarter at the midpoint of the guidance range.

Click here to download our most recent Sure Analysis report on HPQ (preview of page 1 of 3 shown below):

Tech Stock #8: TE Connectivity (TEL)

TE Connectivity manufactures and sells connectivity and sensor solutions worldwide. The company operates through 3 segments: Transportation Solutions, Industrial Solutions, and Communications Solutions, which made up 57%, 28%, and 16% of sales, respectively, for the full fiscal year 2022.

The Transportation Solutions segment provides sensor and connectivity components for the automotive and commercial transportation industry. The Industrial Solutions segment provides components for industrial sectors like the aerospace, defense, oil & gas, medical, and energy markets. Lastly, the Communications Solutions segment supplies components for the data and devices and appliances markets.

Source: Investor Presentation

On July 26th, 2023, TE Connectivity reported third quarter 2023 results for the period ending June 30th, 2023. The company earned $1.77 in adjusted earnings-per-share for the quarter, which beat analysts’ estimates by 10 cents. Revenue declined by 2.4% year-over-year to $3.998 billion, missing analysts’ consensus estimates by $50 million.

Click here to download our most recent Sure Analysis report on TEL (preview of page 1 of 3 shown below):

Tech Dividend Stock #7: NetApp Inc. (NTAP)

NetApp calls itself the “data authority for hybrid cloud” providing services to simplify and empower a company’s use of its data, as well as accelerate their digital transformation. The $16 billion market cap company generated over $6.3 billion in sales last fiscal year and earned $1.23 billion in adjusted net income.

On August 23rd, 2023, NetApp reported Q1 fiscal year 2024 results for the period ending July 28th, 2023. For the quarter, the company generated net revenues of $1.43 billion, down 10% year-over-year. Adjusted net income equaled $249 million or $1.15 per share compared to $269 million or $1.20 per share in the first quarter of FY 2023.

NetApp’s Public Cloud annualized revenue run rate grew 6% year-over-year to $619 million, and the All-flash array annualized net revenue run rate decreased 7% year-over-year to $2.8 billion. In the first quarter, the company returned $506 million to shareholders in share repurchases and dividends.

Additionally, NetApp provided Q2 and FY 2024 guidance. For the upcoming quarter the company expects $1.35 to $1.45 in adjusted earnings-per share. For the year, NetApp expects adjusted earnings-per-share of $5.65 to $5.85.

Click here to download our most recent Sure Analysis report on NTAP (preview of page 1 of 3 shown below):

Tech Dividend Stock #6: Cisco Systems (CSCO)

Cisco Systems is the global leader in high performance computer networking systems. Its routers and switches allow networks around the world to connect to each other through the internet. Cisco also offers data center, cloud, and security products. The company went public on February 16th, 1990. Today, Cisco employs more than 79,000 people and generates $57 billion in annual revenues.

On February 15th, 2023, Cisco announced a 2.6% dividend increase in the quarterly payment to $0.39. On August 16th
, 2023, Cisco announced earnings results for the fourth quarter and full fiscal year. For the quarter, revenue grew 16% to $15.2 billion, which was $150 million above estimates.

Adjusted earnings-per-share of $1.14 compared favorably to adjusted earnings-per-share of $0.83 in the prior year and was $0.08 more than expected. For the fiscal year, revenue grew 11% to $57 billion while adjusted earnings-per-share of $3.89 compared to $3.36 in the prior year.

Cisco provided an outlook for fiscal year 2023 as well, with the company expecting revenue of $57 to $58.2 billion.
Adjusted earnings-per-share is projected in a range of $4.01 to $4.08.

Click here to download our most recent Sure Analysis report on CSCO (preview of page 1 of 3 shown below):

Tech Dividend Stock #5: Skyworks Solutions (SWKS)

Skyworks Solutions is a semiconductor company that designs, develops, and markets proprietary semiconductor products worldwide. Its products include antenna tuners, amplifiers, converters, modulators, receivers, and switches. Skyworks’ products are used in diverse industries, including automotive, connected home, industrial, medical, smartphones, and defense.

On August 7th, 2023, Skyworks reported third-quarter results for Fiscal Year (FY)2023. On a non-GAAP basis, the operating income surged to $326.6 million, with a corresponding non-GAAP diluted EPS of $1.73. In addition to its impressive revenue figures, Skyworks Solutions demonstrated its financial strength through substantial quarterly operating cash flow of $305.7 million. Notably, the company achieved a record year-to-date operating cash flow of $1.491 billion.

Click here to download our most recent Sure Analysis report on SWKS (preview of page 1 of 3 shown below):

Tech Dividend Stock #4: Juniper Networks (JNPR)

Juniper Networks designs, develops, and sells switching, routing, security, software products and services for the networking industry. JNPR sells its solutions in more than 150 countries. Its customers include the world’s biggest wired and wireless carriers, content and internet service providers, cloud and data center providers, cable and satellite operators, major banks and financial institutions, government agencies, healthcare and educational institutions, and energy and utility companies.

Juniper Networks reported second quarter 2023 results on July 27th, 2023. Net revenues for the quarter were $1.43 billion, up 13% year-over-year. GAAP net income for the quarter was $0.07 per share, an 80% decline over $0.35 in the same prior year period. Non-GAAP net income was $0.58 per share, a 38% increase over $0.42 in second quarter of 2022. The company repurchased $271 million of common stock for retirement in Q2 2023.

Click here to download our most recent Sure Analysis report on JNPR (preview of page 1 of 3 shown below):

Tech Dividend Stock #3: Corning Inc. (GLW)

Corning operates in five segments: Display Technologies, Optical Communications, Specialty Materials, Environmental Technologies, and Life Sciences.

On July 25th, 2023, Corning reported second quarter 2023 results for the period ending June 30th, 2023. For the quarter, Corning reported $3.5 billion in core sales, down 7% from one year ago. Optical Communications – the largest revenue segment – saw sales decrease by 19% year-over-year. Display Technologies and Environmental Technologies revenues rose 28% and 6%, respectively.

Meanwhile, Life Sciences, Specialty Materials, and Hemlock and Emerging Growth Businesses declined -26%, -13%, and -10%, respectively. Core net income equaled $388 million or $0.45 per share, compared to $350 million or $0.41 per share in Q2 2022.

The company saw its core operating margin rise 200 basis points sequentially to 17.5%, as a result of pricing and productivity-improvement actions.

Click here to download our most recent Sure Analysis report on GLW (preview of page 1 of 3 shown below):

Tech Stock #2: Microchip Technologies (MCHP)

Microchip Technology develops, manufactures, and sells smart, connected and secure embedded control solutions used for a wide variety of applications. These include disruptive growth trends such as 5G, artificial intelligence, Internet of Things (IoT), and autonomous driving, amongst others, in key end markets such as automotive, aerospace and defense, communications.

On August 3rd, 2023, Microchip Technology raised its dividend by 7% to a quarterly rate of $0.41. On a year-over-year
basis, the dividend grew by 36.2%. Microchip Technology also reported its Q1-2024 results for the quarter ending June 30th, 2023.

For the quarter, net sales were a record $2.29 billion, up 16.6% from the comparable period last year and 2.5% higher sequentially. Higher revenues were again powered by exceptional execution on delivering Microchip’s backlog and strong underlying demand, as well as improvements in the supply chain. On a non-GAAP basis, EPS was $1.64 versus $1.36 in Q1-2023.

Click here to download our most recent Sure Analysis report on Microchip Technologies (preview of page 1 of 3 shown below):

Tech Dividend Stock #1: Qualcomm Inc. (QCOM)

Qualcomm develops and sells integrated circuits for use in voice and data communications. The chip maker receives royalty payments for its patents used in devices that are on 3G and 4G networks.

On April 12th, 2023, Qualcomm increased its quarterly dividend 6.7% to $0.80, marking the company’s 21st consecutive year of dividend growth.

Source: Investor Presentation

On August 2nd, 2023, Qualcomm announced results for the third quarter of fiscal year 2023 for the period ending June 25th, 2023. For the quarter, revenue fell nearly 23% to $8.44 billion and missed estimates by $70 million. Adjusted earnings-per-share of $1.87 compared unfavorably to $2.96 in the previous year, but was $0.06 more than expected.

Click here to download our most recent Sure Analysis report on QCOM (preview of page 1 of 3 shown below):

Final Thoughts

The technology sector has become an intriguing place to look for high-quality dividend investment opportunities.

With that said, it is not the only place to look for investment ideas.

If you’re willing to venture outside of the technology sector, the following databases contain some of the most high-quality dividend stocks around:

If you’re looking for other sector-specific dividend stocks, the following Sure Dividend databases will be useful:

Thanks for reading this article. Please send any feedback, corrections, or questions to support@suredividend.com.


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