Below, we provide a look at three of the most oversold tech stocks you should consider adding to your portfolio: Micron Technology (MU), McAfee (MCFE), and Trimble (TRMB).

MU

MU is one of the top global providers of memory solutions for semiconductors. MU makes memory and storage tech such as DRAM, short for dynamic random access memory. The bulk of MU’s sales stem from its DRAM offerings yet the company also generates revenue through NAND flash memory, 3D XPoint memory, NOR Flash, and other tech.

MU has a low beta of 1.26 so investors concerned about potentially volatile swings should have no concerns. The stock also has a low forward P/E ratio of 12.67 so there is certainly the potential for significant upward movement in due time. MU is currently trading at $76.58, right around the midpoint between its 52-week low of $42.25 and its 52-week high of $96.96.

MU has a B POWR Rating grade. The stock has Bs in the Quality, Sentiment, and Value components of the POWR Ratings. You can learn how MU fares in the rest of the POWR Ratings components such as Momentum, Growth, and Stability by clicking here.

MU is currently ranked 20th of nearly 100 stocks in the Semiconductor & Wireless Chip space. You can find out more about the stocks in this segment by clicking here.

The analysts have high hopes for MU, setting an average target price of $118.63 for the stock. If MU hits this level, it will have increased by more than 51%. The highest analyst price target for the stock is $172. The lowest analyst average price target for MU is $90.

MCFE

MCFE, based in San Jose, CA, is a device-to-cloud cybersecurity business. MCFE’s digital security solutions are sold to businesses and everyday people. The stock has a forward P/E ratio of 20.69 so there is an argument to be made it is slightly overpriced. MCFE is currently trading merely $3 below its 52-week high of $29.36. The stock's 52-week low is $14.80.

MCFE has a B POWR Rating grade. The stock has Bs in the Quality and Value components of the POWR Ratings. MCFE has Cs in the Sentiment and Momentum POWR Rating components. Click here to find out how MCFE fares in the rest of the POWR Ratings components such as Stability and Growth.

MCFE is ranked third of 25 stocks in the Software - Security space. You can learn more about the publicly traded companies in this sector by clicking here.

The analysts believe MCFE is heading higher as they have established an average target price of $27 for the stock. If MCFE hits this price target, it will have popped by slightly more than 5%.

TRMB

TRMB makes machine control, surveying, and positioning products. The company’s products are geared toward integrating positioning and location technologies in real-time with the use of wireless communications, software, and information technologies. TRMB uses laser and optical tech for such purposes.

TRMB is a POWR Ratings success with a B overall grade. The stock has Bs in the Sentiment, Value, Growth, and Stability components of the POWR Ratings. Click here to find out how TRMB fares in the Quality and Momentum components of the POWR Ratings.

TRMB is currently ranked 12th of 47 stocks in the Technology - Electronics space. Investors can learn more about the stocks in this sector by clicking here.

The top analysts are high on TRMB, setting an average target price of $91.29 for the stock, meaning it has more than 12% upside potential. TRMB has an elevated forward P/E ratio of 33.22 so there is an argument to be made it might be slightly overpriced. Investors who fear volatility should not hesitate to invest in TRMB as it has a beta of 1.52, indicating it is unlikely to move too far in one direction should the market significantly undulate.