Checkpoint Systems, Inc. (CKP), Cisco Systems, Inc. (CSCO) Behold: A Basket of Tech Growers

Seagate Technology PLC (NASDAQ:STX), meanwhile, gained 17% and yields 3.9%. It has been upping its payout considerably in recent years. Seagate is an attractively priced, with its P/E ratio around 7 and robust free cash flow. It has been hurt by the decline of the PC, but there’s still hope, as cloud computing takes off and requires storage, and if solid-state and hybrid drives grow in demand. While Western Digital Corp. (NASDAQ:WDC) has partnered with others in order to compete in solid-state drives, Seagate has been building its own SSD business. Some are wary, though, thinking its margins can’t grow much, and that it might not be able to shrink its share count as much as it wants to.

The big picture
Demand for technology isn’t going away anytime soon. A well-chosen ETF can grant you instant diversification across any industry or group of companies — and make investing in and profiting from it that much easier.

The article Behold: A Basket of Tech Growers originally appeared on Fool.com.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, holds no position in any stocks mentioned. The Motley Fool recommends Cisco Systems and owns shares of Western Digital.

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