Sectors & IndustriesTechnologyElectronic Components

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 66, which is 29 points higher than the electronic component industry average of 37. It passed 25 out of 38 due diligence checks and has strong fundamentals. Richardson Electronics has seen its stock lose -48.22% over the past year, underperforming other electronic component stocks by -60 percentage points.

Sanmina (NASDAQ:SANM) is the second best electronic component stock with a Zen Score of 58, which is 21 points higher than the electronic component industry average of 37. It passed 18 out of 33 due diligence checks and has strong fundamentals. Sanmina has seen its stock lose -21.57% over the past year, underperforming other electronic component stocks by -33 percentage points.

M Tron Industries (NYSEMKT:MPTI) is the third best electronic component stock with a Zen Score of 56, which is 19 points higher than the electronic component industry average of 37. It passed 18 out of 33 due diligence checks and has strong fundamentals. M Tron Industries has seen its stock return 236.71% over the past year, overperforming other electronic component stocks by 225 percentage points.

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:

Eltek (NASDAQ:ELTK) has an annual dividend yield of N/A, which is N/A percentage points lower than the electronic component industry average of 1.86%.

Eltek's dividend payout ratio of 17.2% indicates that its dividend yield is sustainable for the long-term.

Deswell Industries (NASDAQ:DSWL) has an annual dividend yield of 7.81%, which is 6 percentage points higher than the electronic component industry average of 1.86%. Deswell Industries's dividend payout is not stable, having dropped more than 10% two 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 51.9% indicates that its high dividend yield is sustainable for the long-term.

Corning (NYSE:GLW) has an annual dividend yield of 3.85%, which is 2 percentage points higher than the electronic component industry average of 1.86%. 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 160.9% indicates that its dividend yield might not be sustainable for the long-term.

Electronic component stocks were up 0.54% in the last day, and down -0.16% over the last week.

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

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

Richardson Electronics (NASDAQ:RELL) is the most undervalued electronic component stock based on WallStreetZen's Valuation Score. Richardson Electronics 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.

Richardson Electronics's stock has dropped -48.22% in the past year. It has underperformed other stocks in the electronic component industry by -60 percentage points.

Sanmina (NASDAQ:SANM) is the second most undervalued electronic component stock based on WallStreetZen's Valuation Score. Sanmina 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.

Sanmina's stock has dropped -21.57% in the past year. It has underperformed other stocks in the electronic component industry by -33 percentage points.

Daktronics (NASDAQ:DAKT) is the third most undervalued electronic component stock based on WallStreetZen's Valuation Score. Daktronics 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.

Daktronics's stock has gained 381.71% in the past year. It has overperformed other stocks in the electronic component industry by 370 percentage points.