Technology Stocks With The Best Growth for March 2022

The technology sector consists of businesses that sell goods and services in electronics, software, computing, artificial intelligence (AI), and other information technology (IT)-related industries. Industry, Apple Inc. (AAPL), Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN) includes companies with the world's largest market capitalization. Technology stocks, represented by the SPDR Fund (XLK), outperformed last year. These market performance figures and statistics in the tables below have been prepared with the data of 18 February 2022.

Technology Stocks With The Best Growth

These are the top tech stocks, ranked according to a growth model that scores companies with their fourth-quarter percent revenue growth and their fourth-quarter earnings per share calculated as equal weights.

	Price ($)	Market Cap ($B)	EPS Growth (%)	Revenue Growth (%)
TD Synnex Corp. (SNX)	104,59	10,1	-70,1	155,1
Microchip Technology Inc. (MCHP)	71,78	39,9	785,7	30
Western Digital Corp. (WDC)	55,53	17,4	795	22,6
Avnet Inc. (AVT)	41,28	4,1	689,5	25,6
National Instruments Corp. (NATI)	39,82	5,3	650	14,4

TD Synnex Corp.: TD Synnex is a distributor and aggregator for the IT ecosystem. It offers technology solutions in the fields of cloud computing, cyber security, big data/analytics, internet of things (IoT) and related categories. TD Synnex employs approximately 22,000 people and serves more than 150,000 customers and vendors in over 100 countries. On January 17, 2022, the company acquired Amazon Web Services Inc. to provide support to small and medium-sized businesses and public sector organizations in North America, Latin America and the Caribbean. announced a strategic partnership with The agreement is based on a similar partnership in Europe from 2020. The terms of the cooperation were not disclosed. Microchip Technology Inc.: Microchip Technology provides intelligent, connected and secure embedded control solutions to approximately 122,000 customers in the industrial, automotive, consumer, aerospace and defense, communications and computing markets. The company's 3rd Quarter FY 2022 ended on December 31, 2021. It reported nearly nine-fold growth in net income for this quarter, driven by strong growth in net sales. The company reported high booking and registration backlogs for the product to ship this quarter, among other factors affecting earnings. Western Digital Corp.: Western Digital develops, manufactures and provides data storage devices and solutions. It structures its operations in two broad categories: hard disk drives and secondly, flash-based memory with solid-state technology. The company holds approximately 13,700 active patents worldwide. Avnet Inc.: Avnet is a global technology distributor and solution provider. The company operates in the fields of IoT, components and devices, hardware and software, and integration. It offers more than 250 locations in 48 countries and ships approximately 157 billion units per year. On February 16, 2022, Avnet announced that as of March 2, it will distribute regular quarterly cash dividends of $0.26 per share to record shareholders, payable on March 16. National Instruments Corp.: Known as NI, National Instruments provides custom, software-connected systems serving the semiconductor, transportation, aerospace, defense, and government and industrial machinery industries, among others. The company was founded over 40 years ago.