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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:

Richardson Electronics (NASDAQ:RELL) is the top electronic component stock with a Zen Score of 59, which is 24 points higher than the electronic component industry average of 35. It passed 22 out of 38 due diligence checks and has strong fundamentals. Richardson Electronics has seen its stock lose -23.18% over the past year, underperforming other electronic component stocks by -33 percentage points.

Universal Display (NASDAQ:OLED) is the second best electronic component stock with a Zen Score of 58, which is 23 points higher than the electronic component industry average of 35. It passed 22 out of 38 due diligence checks and has strong fundamentals. Universal Display has seen its stock return 53.89% over the past year, overperforming other electronic component stocks by 44 percentage points.

Universal Display has an average 1 year price target of $178.67, an upside of 11.79% from Universal Display's current stock price of $159.83.

Universal Display stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Universal Display, 33.33% have issued a Strong Buy rating, 50% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Fabrinet (NYSE:FN) is the third best electronic component stock with a Zen Score of 57, which is 22 points higher than the electronic component industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals. Fabrinet has seen its stock return 58.01% over the past year, overperforming other electronic component stocks by 48 percentage points.

Fabrinet has an average 1 year price target of $137.60, a downside of -10.51% from Fabrinet's current stock price of $153.76.

Fabrinet stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Fabrinet, 40% have issued a Strong Buy rating, 60% 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 15 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 8.2%, which is 6 percentage points higher than the electronic component industry average of 1.92%. 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 153.8% indicates that its high dividend yield might not be sustainable for the long-term.

Corning (NYSE:GLW) has an annual dividend yield of 3.51%, which is 2 percentage points higher than the electronic component industry average of 1.92%. 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 146.7% indicates that its dividend yield might not be sustainable for the long-term.

Benchmark Electronics (NYSE:BHE) has an annual dividend yield of 2.79%, which is 1 percentage points higher than the electronic component industry average of 1.92%. Benchmark Electronics's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Benchmark Electronics's dividend has shown consistent growth over the last 10 years.

Benchmark Electronics's dividend payout ratio of 35.1% indicates that its dividend yield is sustainable for the long-term.

Electronic component stocks were down -0.87% in the last day, and up 0.26% over the last week.

We couldn't find a catalyst for why electronic component stocks are down.

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

Bel Fuse (NASDAQ:BELFA) is the most undervalued electronic component stock based on WallStreetZen's Valuation Score. Bel Fuse has a valuation score of 86, which is 54 points higher than the electronic component industry average of 32. It passed 6 out of 7 valuation due diligence checks.

Bel Fuse's stock has gained 58.11% in the past year. It has overperformed other stocks in the electronic component industry by 48 percentage points.

Eltek (NASDAQ:ELTK) is the second most undervalued electronic component stock based on WallStreetZen's Valuation Score. Eltek has a valuation score of 86, which is 54 points higher than the electronic component industry average of 32. It passed 6 out of 7 valuation due diligence checks.

Eltek's stock has gained 163.99% in the past year. It has overperformed other stocks in the electronic component industry by 154 percentage points.

Sanmina (NASDAQ:SANM) is the third most undervalued electronic component stock based on WallStreetZen's Valuation Score. Sanmina has a valuation score of 86, which is 54 points higher than the electronic component industry average of 32. It passed 6 out of 7 valuation due diligence checks.

Sanmina's stock has gained 11.71% in the past year. It has overperformed other stocks in the electronic component industry by 2 percentage points.