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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:

Littelfuse (NASDAQ:LFUS) is the top electronic component stock with a Zen Score of 66, which is 25 points higher than the electronic component industry average of 41. It passed 25 out of 38 due diligence checks and has strong fundamentals. Littelfuse has seen its stock lose -22.44% over the past year, underperforming other electronic component stocks by -14 percentage points.

Littelfuse has an average 1 year price target of $267.50, an upside of 25.28% from Littelfuse's current stock price of $213.52.

Littelfuse stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts 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.

Richardson Electronics (NASDAQ:RELL) is the second best electronic component stock with a Zen Score of 62, which is 21 points higher than the electronic component industry average of 41. It passed 24 out of 38 due diligence checks and has strong fundamentals. Richardson Electronics has seen its stock return 89.49% over the past year, overperforming other electronic component stocks by 98 percentage points.

Deswell Industries (NASDAQ:DSWL) is the third best electronic component stock with a Zen Score of 60, which is 19 points higher than the electronic component industry average of 41. It passed 21 out of 38 due diligence checks and has strong fundamentals. Deswell Industries has seen its stock lose -16.93% over the past year, underperforming other electronic component stocks by -8 percentage points.

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 6.27%, which is 4 percentage points higher than the electronic component industry average of 1.79%. 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 38.5% indicates that its high dividend yield is sustainable for the long-term.

Corning (NYSE:GLW) has an annual dividend yield of 3.33%, which is 2 percentage points higher than the electronic component industry average of 1.79%. 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 42.9% indicates that its dividend yield is sustainable for the long-term.

Benchmark Electronics (NYSE:BHE) has an annual dividend yield of 2.47%, which is 1 percentage points higher than the electronic component industry average of 1.79%. 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 47.8% indicates that its dividend yield is sustainable for the long-term.

Electronic component stocks were up 0.19% in the last day, and up 3.92% over the last week. Richardson Electronics was the among the top gainers in the electronic components industry, gaining 24.64% yesterday.

Richardson Electronics shares are trading higher after the company reported better-than-expected Q1 results.

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 53 points higher than the electronic component industry average of 47. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has dropped -32.86% in the past year. It has underperformed other stocks in the electronic component industry by -24 percentage points.

Deswell Industries (NASDAQ:DSWL) is the second most undervalued electronic component stock based on WallStreetZen's Valuation Score. Deswell Industries has a valuation score of 100, which is 53 points higher than the electronic component industry average of 47. It passed 7 out of 7 valuation due diligence checks.

Deswell Industries's stock has dropped -16.93% in the past year. It has underperformed other stocks in the electronic component industry by -8 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 39 points higher than the electronic component industry average of 47. It passed 6 out of 7 valuation due diligence checks.

Nortech Systems's stock has dropped -5.54% in the past year. It has overperformed other stocks in the electronic component industry by 3 percentage points.