The Most Expensive Tech Stocks You Can Buy Today

Sure, the past year has been pretty bad for most stocks in the market, especially tech ones, but that doesn’t mean they are all “cheap!” Before a stock split, some stocks are wildly expensive, making it hard for retail investors to get any exposure. Although many big-named companies have recently split their stock into cheaper slices of the pie, all of them haven’t. Today, we are going to be taking a look at the most expensive tech stocks you can buy today. Some of them may be a bit surprising! Let’s get started.

What Does it Mean to be “Expensive?”

Generally speaking, how expensive a particular stock is doesn’t mean much for the company itself, it usually just means that there are fewer shares available on the market. As such, “highest share price” isn’t considered to be an important metric when comparing stocks, but it’s still quite interesting to see.

Today, we are going to be looking at the most expensive stocks, specifically those in the tech sector. As a note, we won’t be looking at the company’s overall market cap or pre-split share price, but the current share prices as of January 2023. Let’s get started.

The Most Expensive Tech Stocks Right Now

Booking Holdings ($2,106.73)

Booking Holdings Inc. is a travel technology company that operates several travel fare aggregators and travel fare metasearch engines, including Booking.com, Priceline.com, Agoda.com, and more. The company operates websites in around 40 languages and 200 countries and is based in Norwalk, Connecticut. Currently, the share price of Booking Holdings is currently $2,106.73.

The company was formerly known as Priceline.com and the Priceline Group and is usually recognized as such.

ASML ($569.45)

ASML Holding N.V. is a Dutch company that develops, produces, sells, and services advanced semiconductor equipment systems. The company’s products and services include extreme ultraviolet lithography systems, deep ultraviolet lithography systems, metrology and inspection systems, computational lithography and software solutions, and refurbished equipment and associated services. ASML operates in various countries around the world and was founded in 1984. Currently, the share price of ASML is $569.45.

Broadcom ($559.38)

Broadcom Inc. is an American semiconductor and infrastructure software company that serves a variety of markets and niches, including data centers, networking, software, broadband, wireless, storage, and industrial. The company is headquartered in San Jose, California, and its CEO is Tan Hock Eng. Currently, the share price of Broadcom is currently $559.38.

Previously, the company was known as Avago Technologies until it took on Broadcom and adopted the name.

Roper Technologies ($438.79)

Roper Technologies is an American industrial company that produces products for specialty and niche markets globally. The company has four main areas of business, including industrial technology, radio frequency (RF) technology, scientific and industrial imaging, and energy systems and controls. Roper Technologies is headquartered in Sarasota, Florida. Currently, Roper Technologies has a share price of $438.79.

Lam Research ($419.10)

Lam Research Corporation is a large supplier of “wafer fabrication equipment” and similar services in the semiconductor field. The company designs, creates, sells, repairs, and services equipment used in the construction of circuits. Lam Research also provides deposition, etching, cleaning, and mass metrology services. The company’s products are used for wafer processing, which is essentially the process that creates certain (and highly specialized) elements on semiconductors, related devices, and their wiring. Currently, Lam Research has a share price of $419.10.

ServiceNow ($391.44)

ServiceNow is a software company that manages and develops a cloud computing platform that helps companies manage online workflows in an enterprise environment. The company’s platform, called the “Now” platform, offers a range of features for workflow automation, artificial intelligence, machine learning, and more. ServiceNow is based in Santa Clara, California. Currently, the share price of ServiceNow is $391.44.

Intuit ($390.62)

Intuit Inc. is a financial management company that operates four other brands: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect. The company offers a range of products and services for consumers, small businesses, self-employed individuals, and accounting professionals, including QuickBooks software, TurboTax income tax preparation products, and personal finance and credit products. The company was founded in 1983 and is headquartered in Mountain View, California. Currently, the share price of Intuit is $390.62

KLA ($377.50)

KLA Corporation is an American capital equipment company that designs and sells in the semiconductor space, specifically surrounding process-enabling, yield management solutions, and other related industries. The company has four arms, including semiconductor process control, specialty semiconductor process, PCB, display and component inspection, and “other.” KLA Corporation is based in Milpitas, California. Currently, KLA has a share price of $377.50.

Adobe ($340.90)

Adobe Inc. is a software company that operates through three arms of business: Digital Media, Digital Experience, and Publishing and Advertising. The company offers products and services directly to enterprise customers, as well as end users, through its sales force, local field offices, and website, as well as through a network of sellers. Adobe was founded in 1982 and is headquartered in San Jose, California. Currently, the share price of Adobe is currently $340.90.

Synopsys ($318.64)

Synopsys is a leading American company in the field of electronic design automation. They specialize in the design and verification of silicon chips, as well as the integration of intellectual property and the improvement of software security and quality. With their advanced tools and expertise, Synopsys is helping to drive the trend towards “Smart Everything.” The company is headquartered in Mountain View, California. Currently, Synopsys has a share price of $318.64.

Historically Expensive Tech Stocks

While many of these stocks are nearing $500, they still aren’t all that expensive when compared to some other stocks in the market. Even more, there are some tech stocks that have recently gone through splits and have subsequently lost individual value, although there are more shares available.

A stock split is when a company issues more shares to shareholders, reducing the price of each share, but adding more of them. Think of a pizza that is cut into more slices; the size of the pizza (market cap) never changes, only the way it’s sliced (share price). Two of the largest individual share prices in the stock market (and the tech sector) recently split, Amazon and Google.

Amazon and Google, Pre-Split

Amazon’s stock split was a 20-for-1 split in June of 2022, meaning that for each share held, 20 were issued. Currently, Amazon’s stock price is $84.75 but multiplied by 20x, each share would have been valued at $1,695 pre-split.

Google’s (Alphabet) stock split was also a 20-for-1 split in July of 2022, meaning that for each share held, 20 were issued. Google’s stock is currently $87.58, meaning that it would have been worth $1,751.6 per share pre-split.

Conclusion

While share price is an interesting metric to look at, it doesn’t ultimately mean anything in isolation. Still, some of the largest individual share prices in the tech sector can show us a lot about where a company is. For example, Google and Amazon’s recent splits tell us that share prices that are too high may be a hindrance to certain smaller investors, and reducing it through a split may be valuable.

Up Next:

• Google Stock Split: What It Actually Means For You
• Who Actually Owns Amazon Stock
• How Much is Amazon Stock, and Why is it So Expensive?

The image featured at the top of this post is ©Natee K Jindakum/Shutterstock.com.