Sectors & IndustriesTechnologyElectronic Components

Best Electronic Component Stocks to Buy Now (2022)

Top electronic component stocks in 2022 ranked by overall Zen Score. See the best electronic component stocks to buy now, according to analyst forecasts for the electronic components industry.

According to Zen Score, the 3 best electronic component stocks to buy right now are:

RICHARDSON ELECTRONICS (NASDAQ:RELL) is the top electronic component stock with a Zen Score of 69, which is 28 points higher than the electronic component industry average of 41. It passed 25 out of 38 due diligence checks and has strong fundamentals. RICHARDSON ELECTRONICS has seen its stock return 65.35% over the past year, overperforming other electronic component stocks by 69 percentage points.

LITTELFUSE (NASDAQ:LFUS) is the second best electronic component stock with a Zen Score of 63, which is 22 points higher than the electronic component industry average of 41. It passed 24 out of 38 due diligence checks and has strong fundamentals. LITTELFUSE has seen its stock return 1.47% over the past year, overperforming other electronic component stocks by 5 percentage points.

LITTELFUSE has an average 1 year price target of $290.00, an upside of 11.08% from LITTELFUSE's current stock price of $261.07.

LITTELFUSE stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering LITTELFUSE, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

FLEX (NASDAQ:FLEX) is the third best electronic component stock with a Zen Score of 61, which is 20 points higher than the electronic component industry average of 41. It passed 19 out of 33 due diligence checks and has strong fundamentals. FLEX has seen its stock lose -13.65% over the past year, underperforming other electronic component stocks by -10 percentage points.

FLEX has an average 1 year price target of $22.00, an upside of 40.75% from FLEX's current stock price of $15.63.

FLEX stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering FLEX, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 13 electronic component stocks that have issued dividends in the past year, the 3 electronic component stocks with the highest dividend yields are:

DESWELL INDUSTRIES (NASDAQ:DSWL) has an annual dividend yield of 5.9%, which is 4 percentage points higher than the electronic component industry average of 1.83%. DESWELL INDUSTRIES's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. DESWELL INDUSTRIES's dividend has not shown consistent growth over the last 10 years.

DESWELL INDUSTRIES's dividend payout ratio of 14.5% indicates that its high dividend yield is sustainable for the long-term.

LSI INDUSTRIES (NASDAQ:LYTS) has an annual dividend yield of 3.16%, which is 1 percentage points higher than the electronic component industry average of 1.83%. LSI INDUSTRIES's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. LSI INDUSTRIES's dividend has not shown consistent growth over the last 10 years.

LSI INDUSTRIES's dividend payout ratio of 54.1% indicates that its dividend yield is sustainable for the long-term.

CORNING (NYSE:GLW) has an annual dividend yield of 2.98%, which is 1 percentage points higher than the electronic component industry average of 1.83%. CORNING's dividend payout is stable, having never dropped by more than 10% in the last 10 years. CORNING's dividend has shown consistent growth over the last 10 years.

CORNING's dividend payout ratio of 76.7% indicates that its dividend yield is sustainable for the long-term.

Electronic component stocks were down -0.97% in the last day, and down -3.98% over the last week. OUSTER was the among the top losers in the electronic components industry, dropping -8.62% yesterday.

Shares of several companies in the broader technology space are trading lower amid a continued selloff in stocks. The sector is also under pressure following Snap's Q2 warning.

Based on WallStreetZen's Valuation Score, the 3 most undervalued electronic component stocks right now are:

ELTEK (NASDAQ:ELTK) is the most undervalued electronic component stock based on WallStreetZen's Valuation Score. ELTEK has a valuation score of 100, which is 55 points higher than the electronic component industry average of 45. It passed 7 out of 7 valuation due diligence checks.

ELTEK's stock has dropped -26.7% in the past year. It has underperformed other stocks in the electronic component industry by -23 percentage points.

TTM TECHNOLOGIES (NASDAQ:TTMI) is the second most undervalued electronic component stock based on WallStreetZen's Valuation Score. TTM TECHNOLOGIES has a valuation score of 100, which is 55 points higher than the electronic component industry average of 45. It passed 7 out of 7 valuation due diligence checks.

TTM TECHNOLOGIES's stock has dropped -7.35% in the past year. It has underperformed other stocks in the electronic component industry by -3 percentage points.

DESWELL INDUSTRIES (NASDAQ:DSWL) is the third most undervalued electronic component stock based on WallStreetZen's Valuation Score. DESWELL INDUSTRIES has a valuation score of 100, which is 55 points higher than the electronic component industry average of 45. It passed 7 out of 7 valuation due diligence checks.

DESWELL INDUSTRIES's stock has dropped -15.46% in the past year. It has underperformed other stocks in the electronic component industry by -12 percentage points.