Barclays: Tech Stocks Offer Great Growth Stories for 2012

Barclays gives an Overweight rating for the tech sector (NYSEARCA:XLK) as part of its equity outlook for 2012. When it comes to tech stocks the firm takes a “buy across the boards” approach to sectors including hardware, software, clean tech, and semiconductors.

Here are Barclay’s seven favorite picks:

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $393.35, up $11.14, or 2.91%. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 5,425,046 shares versus a 3-month average volume of 18,092,000 shares. The company’s trailing P/E is 14.21, while trailing earnings are $27.68 per share. Get the most recent company news and stock data here >>

Citrix Systems, Inc. (NASDAQ:CTXS): CTXS shares recently traded at $62.10, up $0.58, or 0.94%. They have traded in a 52-week range of $50.21 to $88.49. Volume today was 638,168 shares versus a 3-month average volume of 2,443,340 shares. The company’s trailing P/E is 34.52, while trailing earnings are $1.80 per share. Get the most recent company news and stock data here >>

Corning Inc. (NYSE:GLW): GLW shares recently traded at $12.81, up $0.24, or 1.91%. They have traded in a 52-week range of $11.51 to $23.43. Volume today was 8,571,503 shares versus a 3-month average volume of 22,202,200 shares. The company’s trailing P/E is 6.05, while trailing earnings are $2.12 per share. Get the most recent company news and stock data here >>

QUALCOMM Incorporated (NASDAQ:QCOM): QCOM shares recently traded at $53.84, up $1.92, or 3.7%. They have traded in a 52-week range of $45.98 to $59.84. Volume today was 6,550,083 shares versus a 3-month average volume of 16,058,500 shares. The company’s trailing P/E is 21.41, while trailing earnings are $2.52 per share. Get the most recent company news and stock data here >>

Teradyne Inc. (NYSE:TER): TER shares recently traded at $13.51, up $0.7, or 5.46%. They have traded in a 52-week range of $10.37 to $19.19. Volume today was 1,124,882 shares versus a 3-month average volume of 4,248,070 shares. The company’s trailing P/E is 10.24, while trailing earnings are $1.32 per share. Get the most recent company news and stock data here >>

Tesla Motors, Inc. (NASDAQ:TSLA): TSLA shares recently traded at $28.06, up $0.31, or 1.12%. They have traded in a 52-week range of $21.11 to $35.00. Volume today was 331,273 shares versus a 3-month average volume of 1,109,470 shares. The company’s trailing earnings are $-2.29 per share. Get the most recent company news and stock data here >>

Altera Corp. (NASDAQ:ALTR): ALTR shares recently traded at $36.17, up $2.1, or 6.16%. They have traded in a 52-week range of $30.39 to $49.59. Volume today was 2,761,597 shares versus a 3-month average volume of 5,468,020 shares. The company’s trailing P/E is 13.88, while trailing earnings are $2.61 per share. Get the most recent company news and stock data here >>