Top 5 Undervalued Tech Stocks

1. Xperi Holding Corporation (NASDAQ: XPER)

Number of Hedge Fund Holders: 22

Xperi Holding Corporation (NASDAQ: XPER) is a California-based firm that licenses technology and intellectual property. The firm works in industry sectors such as mobile computing, communications, memory and data storage, and three-dimensional integrated circuit technologies. Xperi licenses audio, digital radio, imaging, edge-based machine learning, and multi-channel video user experience solutions to the customers of consumer electronics, automotive manufacturers, and supply chain partners. 

The firm has a market cap of more than $2 billion and posted an annual revenue of more than $890 million 2020, a huge jump from the $280 million posted the year before. It has a price-to-earnings ratio of 11.73. In February, the firm declared a quarterly dividend of $0.05 per share, in line with projections. At the end of the fourth quarter of 2020, 22 hedge funds in the database of Insider Monkey held stakes worth $179 million in the firm, down from 23 in the preceding quarter worth $96 million. 

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