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The following are the top rated Information Technology stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.

QUALYS INC (QLYS) is a mid-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Peter Lynch is 56% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: Qualys, Inc. is a provider of cloud-based information technology (IT), security and compliance solutions. Its cloud-based IT, security and compliance solutions enables organizations to identify security risks to their IT infrastructures, help protect their IT systems and applications from cyber-attacks. The Company delivers its solutions through its Qualys Cloud Platform. The Qualys Cloud Platform leverages a single agent to continuously deliver critical security intelligence while enabling enterprises to automate the full spectrum of vulnerability detection, compliance, and protection for IT systems, workloads and web applications across on premises, endpoints, servers, public and private clouds, containers, and mobile devices.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

Detailed Analysis of QUALYS INC

IPG PHOTONICS CORPORATION (IPGP) is a mid-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: IPG Photonics Corporation develops, manufactures and sells fiber lasers, fiber amplifiers and diode lasers that are used for diverse applications, primarily in materials processing. The Company's portfolio of laser solutions is used in materials processing, medical and advanced applications. It designs and manufactures components used in its finished products, from semiconductor diodes to optical fiber preforms, finished fiber lasers and amplifiers. It manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads, in-line sensors and chillers. It offers laser-based and non-laser-based systems for certain markets and applications. It sells its products to original equipment manufacturers (OEMs), system integrators and end users. It markets its products internationally, primarily through its direct sales force. Its manufacturing facilities are located in the United States, Germany, Russia and Belarus.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

Detailed Analysis of IPG PHOTONICS CORPORATION

NETLIST, INC. (NLST) is a small-cap growth stock in the Computer Storage Devices industry. The rating according to our strategy based on Peter Lynch is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: Netlist, Inc. provides memory solutions to enterprise customers in diverse industries. The Company is engaged in designing and manufacturing memory subsystems for the server, computing, and communications markets. The Company's products in various capacities and form factors and the line of custom and specialty memory products bring industry-focused performance to server and storage appliance customers and cloud service providers. It licenses its portfolio of intellectual property, including patents, in server memory, hybrid memory and storage class memory to companies that implement its technology. The Company's commercially available memory subsystem products and other products, which it sells include Component and Other Product Resales and Specialty DIMMs and Embedded Flash. The Company's portfolio of technologies and design techniques includes Distributed Buffer Architecture, which enables the buffering of data signals along the bottom edge of the memory module.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

Detailed Analysis of NETLIST, INC.

CEVA, INC. (CEVA) is a small-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: CEVA, Inc. is a licensor of wireless connectivity and smart sensing technologies and integrated Internet protocol (IP) solutions. The Company offers digital signal processors, artificial intelligence (AI) processors, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision, voice input and AI. The Company's customers include semiconductor and original equipment manufacturer (OEM) companies focused on a range of cellular and Internet-of-things (IoT) end markets, including a base station, mobile, personal computer, consumer, automotive, robotics, industrial, aerospace and defense, and medical. The Company's portfolio also includes a range of application software optimized for its processors, including voice front-end processing and speech recognition, imaging and computer vision and sensor fusion. The Company's smart sensing portfolio includes advanced technologies for cameras, microphones, sensor hubs and inertial measurement units (IMU).

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

Detailed Analysis of CEVA, INC.

TTM TECHNOLOGIES INC (TTMI) is a small-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: TTM Technologies, Inc. is a printed circuit board (PCB) manufacturer. The Company is focused on the production of technologically advanced PCBs and backplane assemblies as well as a global designer and manufacturer of high-frequency radio frequency (RF) components, and RF microwave/ microelectronic assemblies. The Company's segments include PCB, and RF and Specialty Components (RF&S Components). PCB segment consists of 18 domestic system, sub-system plants, and PCB plants; six PCB fabrication plants in China, and one in Canada. RF&S Components segment consists of one domestic RF component plant and one RF component plant in China. It serves various markets, including aerospace and defense, data center computing, automotive components, medical, industrial and instrumentation related products, as well as networking and communications. It also provides sophisticated intelligence, surveillance and communications solutions that are deployed across a range of land, sea and air applications.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

Detailed Analysis of TTM TECHNOLOGIES INC

About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.

About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.