What if you were told that you’re currently sitting on a multi-billion dollar industry waiting to explode? You might probably laugh it off, calling it a hoax. Let’s extend the proposition. 5 multinational companies reputed for research, fact-finding and a track record of infallible results come to you telling you top IoT companies to invest in now. Are you still in doubt? Perhaps, denial?
Let’s get right to it. The IoT industry is tipped to be one of the biggest in history. More devices are getting connected to the internet at an exponential rate and the world, in a short while, will be a connection away. It becomes expedient to invest in the market while it is still ripe. We shall look at some of the top IoT companies 2018 saw and address how we can maximize the Returns on Investment.
Eelinktech
This company was founded in 2004 and for over a decade now, they have consistently provided quality IoT solutions for users worldwide. Their GPS tracking device is one which is widely utilized and reputed for its ability to integrate with PC, mobile phones, and even apple products. Eelinktech is particularly listed as one of the top IoT companies in 2018 due to the promise their stock has been showing in the last quarter.
Their investment in a 5000 square meter facility for the manufacturing of turn-key solutions to existing problems in the IoT sector is commendable. The attention to detail and commitment to quality makes Eelinktech one of the top companies to invest in. Purchasing some of their products is an investment which will yield returns.
Intel Corporation
It is almost impossible to mention IoT and semiconductors without bringing up the impact of Intel. Without a doubt, they have proven themselves to be one of the top IoT companies. Their main aim is to provide solutions which span the automotive, retail, industrial, and other similar markets. They are, however, still expanding their horizons, making it one of the IoT companies to invest in.
They recently exceeded the expected earnings by 26%; continuing its impressive streak of strong earnings. A resilient financial structure which ensures that it generates over 5 dollars per share, coupled with a dividend of 2.3% makes Intel undoubtedly up there with the top IoT companies in 2018.
Texas Instruments
Although more renowned for the highly functional calculators flooding the market, this is one of the top IoT companies with an appreciable emphasis on embedded systems. In fact, Texas Instruments is one of the leading suppliers of semiconductors in the whole world. However, their IoT reach extends to connectivity, microcontrollers, and processors.
Why is this one of the top IoT companies to invest? Well, for one, their Embedded Processors unit reported a year-over-year growth of 20% in the last quarter. According to the estimates by financial experts, the company is exceeding the charts. The stock has a Price-earnings ratio of about 22.4 while the Price/Earnings to growth is 2.3. Considering other companies to invest in, Texas Instruments has done well.
Orbcomm
Do you need innovative solutions on machine-to-machine and IoT? Look no further. This company’s reach spans the US, South America, Japan, and Europe. They are adept at providing services which include network connectivity, device management, and web-based applications. Apart from this, they have a constellation of satellites with concomitant infrastructure on-ground to aid businesses.
Orbcomm is rated as one of the top IoT companies in 2018 due to the productivity their organization offers. Businesses and parastatals can now track, monitor, and control operations concerning fixed and mobile assets. They are one of the IoT companies to invest in because of their financial aggressiveness. They are steadily acquiring smaller companies (10 in 5 years) and their reach is expanding globally.
NXP Semiconductors
The name itself is an apt description of its core services- high-performance product solutions for radio frequency, digital processing products, and implementation of power management interface. Its i.MX solutions for application processors, in-vehicle networking products, and sensors have proved very useful.
Within the past 7 years, NXP’s stock has gone up by 680%. Compared to other IoT companies to invest in, NXP is certainly an outlier. One reason for renewed interest in this stock is the imminent merger with Qualcomm; one of the top IoT companies in 2018 with an emphasis on embedded chips. Although experts predict that the merger might prove difficult at first, it is expected to do well in the long run.
Broadcom
Guess the value of this company? A whopping 100 billion dollars! This is not hard to fathom considering the fact that they are one of the major suppliers of Apple. The bulk of the revenue comes from the products they market. Products which focus on complex digital MOS-based devices and analog III-V products.
Analyzing the stock from the past decade, they have risen to over 1400% of their initial value, making them truly deserving of the top spot in the ranking of top IoT companies in 2018. They offer $4 dividend per share, a safe investment with immense prospects in the long run.
InterDigital (IDCC)
They design and develop technology which facilitates faster and more accessible wireless communications globally. Among other products, their solutions for 2G, 3G, and 4G networks are unparalleled. They are also adept at developing products related to CDMA, TDMA, MIMO, etc. worldwide use.
Although they have been in existence for long, they recently began to gain traction. They have a small debt and very impressive cash flow. In 3 years, they have earned the right to be listed among the top IoT companies to invest in, recording a profit of over 300 million dollars.
T-Mobile
Year in, year out, this company continues to flaunt its unconventional techniques in the business of wireless networks. Now, they have their sights on becoming one of the top IoT companies in 2018. They formed an alliance with Twilio in order to engender a new technology which disrupted the IoT development sphere.
They also have an IoT program which was created through its Value Added Reseller Channel. After this, with the aim of establishing the brand as one of the top IoT companies, they created a dedicated IoT team as far back as 2008.
Conclusion
Considering the prospects of the Internet of Things technology, it would be a great idea to dive into the market as soon as possible. Making an informed investment shouldn’t be so difficult now with the amount of detail available on the top IoT companies to invest in. A closer look at the statistics will reveal the market potential waiting to be exploited. While you can partake in the trend by purchasing products developed by some of the top IoT companies in 2018, buying into their stock will be a foolproof plan.
