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Best Electronic Component Stocks to Buy Now (2023)

Top electronic component stocks in 2023 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:

Bel Fuse (NASDAQ:BELFA) is the top electronic component stock with a Zen Score of 62, which is 26 points higher than the electronic component industry average of 36. It passed 23 out of 38 due diligence checks and has strong fundamentals. Bel Fuse has seen its stock return 138.97% over the past year, overperforming other electronic component stocks by 141 percentage points.

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

Richardson Electronics (NASDAQ:RELL) is the second best electronic component stock with a Zen Score of 55, which is 19 points higher than the electronic component industry average of 36. It passed 21 out of 38 due diligence checks and has strong fundamentals. Richardson Electronics has seen its stock return 82.41% over the past year, overperforming other electronic component stocks by 85 percentage points.

Eltek (NASDAQ:ELTK) is the third best electronic component stock with a Zen Score of 53, which is 17 points higher than the electronic component industry average of 36. It passed 20 out of 38 due diligence checks and has strong fundamentals. Eltek has seen its stock return 22.95% over the past year, overperforming other electronic component stocks by 25 percentage points.

Out of 14 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 6.41%, which is 5 percentage points higher than the electronic component industry average of 1.77%. Deswell Industries's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Deswell Industries's dividend has shown consistent growth over the last 10 years.

Deswell Industries's dividend payout ratio of 93% indicates that its high dividend yield might not be sustainable for the long-term.

Eltek (NASDAQ:ELTK) has an annual dividend yield of 3.78%, which is 2 percentage points higher than the electronic component industry average of 1.77%.

Eltek's dividend payout ratio of 0% indicates that its dividend yield might not be sustainable for the long-term.

Corning (NYSE:GLW) has an annual dividend yield of 2.96%, which is 1 percentage points higher than the electronic component industry average of 1.77%. 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 47.9% indicates that its dividend yield is sustainable for the long-term.

Electronic component stocks were down -1.04% in the last day, and up 1.73% over the last week. Plexus was the among the top losers in the electronic components industry, dropping -17.11% yesterday.

Plexus shares are trading lower after the company reported worse-than-expected Q1 sales results and issued Q2 EPS and revenue guidance below estimates.

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 63 points higher than the electronic component industry average of 37. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 22.95% in the past year. It has overperformed other stocks in the electronic component industry by 25 percentage points.

Bel Fuse (NASDAQ:BELFA) is the second most undervalued electronic component stock based on WallStreetZen's Valuation Score. Bel Fuse has a valuation score of 86, which is 49 points higher than the electronic component industry average of 37. It passed 6 out of 7 valuation due diligence checks.

Bel Fuse's stock has gained 138.97% in the past year. It has overperformed other stocks in the electronic component industry by 141 percentage points.

Nortech Systems (NASDAQ:NSYS) is the third most undervalued electronic component stock based on WallStreetZen's Valuation Score. Nortech Systems has a valuation score of 86, which is 49 points higher than the electronic component industry average of 37. It passed 6 out of 7 valuation due diligence checks.

Nortech Systems's stock has gained 40.45% in the past year. It has overperformed other stocks in the electronic component industry by 43 percentage points.