Investing in technology stocks on a limited budget can be highly challenging due to their generally high prices. However, some lower-priced stocks still offer substantial potential for returns. This article identifies three tech companies whose stocks are priced under $200, making them accessible to investors with smaller capital bases while still showing promising growth potential.
In recent years, the landscape for affordable, high-potential tech stocks has evolved. Companies such as Apple (NASDAQ:AAPL) and Amazon were once considered lower-priced stocks, trading in the single digits before their significant growth. This history provides a compelling case for investors to consider current lower-priced tech stocks with similar potential.
Additionally, the market has seen a trend where tech companies collaborate with or receive investments from larger firms, boosting their growth prospects and stock performance. For instance, Google (NASDAQ:GOOGL)’s investment in ADT highlights how strategic partnerships can enhance the market position of tech firms.
ADT Inc.
ADT Inc., primarily known for its security solutions, provides services to residential and small business customers in the U.S. The company operates in two segments: Consumer and Small Business, and Solar. ADT offers intelligent security cameras, smart home automation systems, and video surveillance, along with burglar and life safety alarms. Notably, in 2020, Google acquired a 6% stake in ADT, aiming to deliver a next-generation security system that integrates Google’s technology with ADT’s services. The collaboration includes Google screens and cameras paired with ADT’s software and sensors.
Himax Technologies
Himax Technologies Inc. is a fabless semiconductor company that supplies display imaging processing technologies across various regions, including China, Taiwan, and the U.S. The company’s operations are divided into two segments: Driver Integrated Circuits and Non-Driver Products. Himax’s portfolio includes display driver ICs and timing controllers used in televisions, mobile phones, and automotive applications, among others. The company also offers advanced in-cell touch and display driver integration, 3D sensing products, and ultralow power WiseEye smart image sensing products, positioning itself as a versatile player in the semiconductor market.
Nokia Oyj
Nokia, a Finnish multinational corporation, offers mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. Nokia provides a range of products, including fiber and copper-based access infrastructure, IP networking solutions, and optical networks. The company also offers radio access networks and mobile technology products, as well as cloud and cognitive services. Despite facing competition in the smartphone market, Nokia remains a strong contender in the telecommunications sector, supported by its extensive patent portfolio and innovative solutions.
Investing in lower-priced tech stocks can offer significant returns, especially when these companies have robust business models and strategic partnerships. ADT, Himax Technologies, and Nokia are all well-positioned to deliver substantial growth, making them suitable choices for investors looking to maximize their returns within a limited budget. This strategy not only diversifies the investment portfolio but also taps into the potential of emerging tech trends and market leaders.
