11 Still Expensive High-Quality Tech Stocks

Parents know all too well that a teenager's mood can change on a dime. A careless comment from a buddy on Snapchat, four tests in one day, or not enough sleep/money/time can quickly turn even the best son or daughter into the stereotypical surly teen.

Like teenagers, technology stocks have proven that they, too, can turn on a dime: After dominating the broader market for some time, the Morningstar US Technology Index is down more than 13% during the past three months as of this writing. That's well below the broader market's 7% decline during that same period.

On the bright side, tech stocks as a group are about 10% undervalued according to our estimates. We shared some of our favorite undervalued names in this article for Premium Members last week.

But not all tech stocks are cheap. In fact, 11 tech names with narrow or wide economic moats remain overvalued according to our metrics. Admittedly, these are generally fine, high-quality businesses; they're just not trading at appealing levels today.

The performance outlier during the past three months on the list,

The other stocks on the list are in the red for the period, yet remain overvalued.