Oracle
Despite a strong run, this top software stock is still offering a good entry point. Oracle Corp. (NYSE: ORCL) develops, manufactures, markets, sells, hosts and supports database and middleware software, application software, cloud infrastructure, hardware systems and related services worldwide.
The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval and manipulation of various forms of data. Its Oracle Fusion Middleware software aims to build, deploy, secure, access and integrate business applications, as well as automate their business processes.
Last year, Oracle and Cerner closed an agreement for the former to acquire the latter through an all-cash tender offer for $95 per share, or approximately $28.3 billion in equity value. Cerner is a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better health care to individual patients and communities.
Shareholders receive a 1.37% dividend. Oracle stock has a $132 target price at BMO Capital Markets. The consensus target is $113.20, though Monday’s close was at $117.23.
Texas Instruments
This old-school semiconductor company offers solid value at current levels and is a great pick for investors who are more conservative. Texas Instruments Inc. (NASDAQ: TXN) is a broad-based supplier of semiconductor components, ranging from digital signal processors to high-performance analog components, to digital light-processing technology and calculators.
Some 65% of the company’s sales are exposed to the well-diversified, business-to-business industrial, automotive, communications infrastructure and enterprise markets. The company is a big Apple supplier, so the long-term outlook for this venerable leader makes it a safer bet for investors with less risk tolerance.
The stock was crushed after posting solid third-quarter results but guidance that surprised Wall Street. While shares have rallied back sharply, there is still sizable upside for investors at current levels.
Investors receive a 2.67% dividend. Susquehanna’s $215 price target is a Wall Street high. The consensus target is $183.17. Texas Instruments stock closed at $180.
These seven top companies still control large swaths of the technology and telecom landscape. You can bet they are all trying to increase their presence in the AI world and have the deep pockets to do so. With dependable dividends, reasonable entry points, and solid growth potential, these could be among the best values for aggressive growth investors with a long time horizon.
Originally published at 24/7 Wall St.
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