Penny stock investing can be a great way to diversify one's
portfolio during tough economic times. However, penny stock
investing can be very risky if an investor doesn't perform the
proper amount of research. When looking for the right penny stock
buy, it is important to focus on strong earnings and momentum
That being said, here are six tech penny stocks that have fared
very well in 2010 thus far.
) is a designer, manufacturer and marketer of mechanical, thermal
and electrical products used by semiconductor manufacturers.
INTT works supplies products globally, and some of its high-profile
). Over the past 12 months, INTT stock has skyrocketed 440%,
compared to gains of 10% and 13% for the Dow Jones and
NASDAQ. The penny stock also posted a quarterly revenue
growth of 227% year-over-year in its last income statement.
INTT's biggest jump came last April, when the stock climbed 107% in
ChipMOS Technologies (
) is a holding company that provides a range of back-end testing
services for its clients. Some of these services include
wafer probing, engineering testing, final testing of memory and
logic/mixed-signal semiconductors. Year-to-date, IMOS has gained
100%, vastly outperforming the broader markets. With a stock
price of $1.43, this penny stock is certainly affordable, and is
trading well above its 52-week low of 60 cents a
share. Last week, IMOS reported revenue of $48.3
million for the quarter, an increase of 31.2% from September
Tower Semiconductor (
Based in Israel,
) is an independent specialty foundry that manufactures
semiconductors. Since January, Tower's stock has jumped
48.5%. Analysts are hopeful for this penny stock and have
raised earnings estimates one cent to 16 cents a share this quarter
after an actual EPS of 15 cents a share last quarter.
Finally, company officials have been pleased by Tower's quarterly
revenue growth of 108% year-over-year.
) designs, develops, manufactures, and markets automated optical
inspection systems and related products. Over 12 months,
Camtek stock has gained 67.7%, compared to smaller gains by the
broader markets. Experts are starting to predict growth for
this penny stock as well, as earnings estimates were raised by a
cent this quarter. A quarterly revenue growth of 66.3%
year-over-year is another sign pointing to Camtek as a penny stock
) designs and markets receiver solutions for cable and automotive
entertainment electronics and digital television markets.
Since last October, TUNE stock is up 55.1%. The penny stock
saw a big gain in September, and TUNE has gained 27.2% since Sept.
1. With a stock price of $2.90, Microtune is just 15 cents
removed from its 52-week high. Finally, TUNE has outperformed
earnings estimates the two previous quarters.
FSI International (
FSI International . (NASDAQ:
) designs, manufactures, markets and supports equipment used in the
production of microelectronics. In the past calendar year, FSII has
jumped 96.2%, compared to smaller gains by the broader
markets. In its last income statement, the penny stock
reported a net profit margin of 20.5%, which certainly has company
officials pleased. FSII has outperformed earnings estimates
three of the last four quarters, another reason why this penny
stock should be on your buy list.
As of this writing, Louis Navellier did not own a position in
any of the stocks named here.