Cisco Systems, Inc. (NASDAQ:CSCO), Intel Corporation (NASDAQ:INTC), Skyworks Solutions Inc (NASDAQ:SWKS) are the top three technology stock picks of Jim Cramer. Cramer has discussed all three of these technology stocks at least twice in the past 30 days.
Cisco Systems, Inc. (NASDAQ:CSCO) is the top tech stock choice of Cramer and he said, “Cisco (CSCO) just reported a widely panned quarter when it shouldn’t have been panned at all. The quarter was a testament to how well Cisco can do in a tough environment. Great gross margins. Terrific execution. Can you imagine what this horse can do when things get better? Cisco has vanquished the competition. It’s pretty much game over for everyone else. I like that.” He further added that Cisco Systems, Inc. (NASDAQ:CSCO) is likely to be the surprise technology winner entering 2015 on positive notes.
Intel Corporation (NASDAQ:INTC) has made some key alliances in this fiscal year and it is among the favorite tech stocks of Jim Cramer. Intel Corporation (NASDAQ:INTC) was in Jim Cramer’s top stock picks and Cramer mentioned it as an excellent chip stock to bet on. While talking about cyclical stocks at Mad Money, he included Intel Corporation (NASDAQ:INTC) among tech stocks that are in “early stages of moving higher.” The shares of the chipmaker are trading at $37.67 with current P/E ratio of 17.98.
Cramer was bullish on Skyworks Solutions Inc (NASDAQ:SWKS) and while talking about technology stocks with better yield, Cramer said, “I want to see you in Skyworks Solutions Inc (NASDAQ:SWKS)…” In addition to it, Cramer mentioned Skyworks Solutions among the technology stocks where current money managers should put money in. The shares of Skyworks Solutions Inc (NASDAQ:SWKS) are trading at $70.36 with year-to-date share price growth of 146%. It shares are trading with current P/E ratio of 29.60.
This article has been written by Prakash Pandey.