Tessera Sector
Top Technology Stocks
Software, semiconductors, hardware, and IT services. The technology sector spans the largest companies in the market — and many of the smallest fastest-growers.
The Technology sector posts a mean Tessera Quality Score of 68 against a universe average of 48, placing it meaningfully above the broader cross-sector baseline. With 288 qualifying members, the sector shows reasonable breadth, though the distribution of scores suggests that quality is concentrated rather than evenly spread across constituents.
Valuation context is notable: the sector's median P/E sits at 31.7, a level that reflects the market's ongoing willingness to price technology names at a premium relative to most other sectors. Whether individual holdings justify that multiple depends heavily on their underlying quality metrics, and the top-ranked names here carry scores that trail the sector median — SNDK leads the group at 0.58, followed by MU at 0.54 and COHR at 0.51, all on a normalized 0–1 scale. These scores indicate moderate rather than exceptional quality by Tessera's methodology, suggesting the upper tier of this sector still leaves room relative to a theoretical ceiling.
DELL and SKHY round out the top five with scores of 0.48 and 0.47 respectively, clustering tightly around the mid-range. The compression among these top holdings implies the sector's strongest performers are not dramatically differentiated from one another on quality dimensions. Overall, Technology's sector-level score of 68 positions it as one of the higher-quality groupings relative to the universe average of 48, reflecting a structural advantage that likely stems from balance sheet characteristics and earnings consistency common across larger-cap technology businesses.
| Ticker | Company | Industry | Score | Mkt Cap | P/E |
|---|---|---|---|---|---|
| SNDK | Sandisk Corporation | Computer Hardware | 79 | $206.0B | 46.9 |
| MU | Micron Technology, Inc. | Semiconductors | 77 | $977.4B | 19.6 |
| COHR | Coherent, Inc. | Hardware, Equipment & Parts | 75 | $45.3B | 0.2 |
| DELL | Dell Technologies Inc. | Computer Hardware | 74 | $253.7B | 30.3 |
| SKHY | SK hynix Inc. | Semiconductors | 73 | $1.10T | 2.1 |
| FATN | FatPipe, Inc. | Software - Application | 72 | $63M | 12.9 |
| STX | Seagate Technology Holdings plc | Computer Hardware | 71 | $179.9B | 76.1 |
| ARW | Arrow Electronics, Inc. | Technology Distributors | 70 | $10.5B | 14.7 |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | Semiconductors | 70 | $2.09T | 29.9 |
| SNX | TD Synnex Corp | Technology Distributors | 70 | $19.1B | 17.1 |
| YOU | Clear Secure, Inc. | Software - Application | 69 | $5.8B | 46.1 |
| TER | Teradyne, Inc. | Semiconductors | 68 | $52.2B | 61.8 |
| FTNT | Fortinet, Inc. | Software - Infrastructure | 68 | $117.5B | 61.9 |
| NVDA | NVIDIA Corporation | Semiconductors | 68 | $4.92T | 31.1 |
| PENG | Penguin Solutions, Inc. | Hardware, Equipment & Parts | 68 | $2.7B | 38.1 |
| TOYO | TOYO Co., Ltd. | Solar | 67 | $189M | 4.3 |
| GCTS | GCT Semiconductor Holding, Inc. | Semiconductors | 67 | $120M | — |
| RDVT | Red Violet, Inc. | Software - Application | 67 | $938M | 68.5 |
| VBIX | Viewbix Inc. | Computer Hardware | 67 | $52M | — |
| CRDO | Credo Technology Group Holding Ltd | Semiconductors | 67 | $39.5B | 85.5 |
| MITK | Mitek Systems, Inc. | Software - Application | 67 | $844M | 53.6 |
| JBL | Jabil Inc. | Hardware, Equipment & Parts | 67 | $32.1B | 38.2 |
| AAPL | Apple Inc. | Consumer Electronics | 67 | $4.80T | 39.5 |
| UI | Ubiquiti Inc. | Communication Equipment | 66 | $32.2B | 34.2 |
| LRCX | Lam Research Corporation | Semiconductors | 66 | $383.6B | 57.9 |
| ESTC | Elastic N.V. | Software - Application | 66 | $6.5B | 17.9 |
| Q | Qnity Electronics, Inc. | Semiconductors | 66 | $28.2B | 43.3 |
| RELY | Remitly Global, Inc. | Software - Infrastructure | 66 | $5.0B | 48.7 |
| WULF | TeraWulf Inc. | Software - Application | 66 | $9.3B | — |
| ASML | ASML Holding N.V. | Semiconductors | 65 | $670.2B | 55.3 |