Sectors & Industries TechnologyElectronic Components
Best Electronic Component Stocks to Buy Now (2024)
Top electronic component stocks in 2024 ranked by overall Zen Score. See the best electronic component stocks to buy now, according to analyst forecasts for the electronic components industry.

Industry: Electronic Components

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
OLED	UNIVERSAL DISPLAY CORP	$151.97	$64.31	136.32%	35.76x	26.43x	12.54x	4.97x	1.30x	$94.99M	1.31%	$1.45B	30.43	$7.11B	24.63
ELTK	ELTEK LTD	$10.86	$12.12	-10.40%	10.06x	N/A	1.40x	2.43x	0.61x	$8.43M	12.89%	$26.87M	4.46	$62.77M	7.29
LYTS	LSI INDUSTRIES INC	$13.97	$6.74	107.41%	14.86x	19.14x	0.86x	2.10x	3.10x	$43.86M	10.82%	$192.93M	6.65	$432.62M	9.32
RELL	RICHARDSON ELECTRONICS LTD	$9.86	$21.88	-54.94%	32.87x	6.05x	0.68x	0.89x	0.17x	-$2.96M	-2.11%	$158.62M	11.11	$125.03M	20.72
MPTI	M-TRON INDUSTRIES INC	$26.10	$22.84	14.29%	20.23x	N/A	1.77x	3.67x	0.58x	$3.12M	4.28%	$19.90M	7.12	$69.09M	13.31
SANM	SANMINA CORP	$58.35	$60.19	-3.06%	12.21x	N/A	0.39x	1.43x	0.60x	$136.33M	4.13%	$2.27B	40.20	$2.95B	5.70
DSWL	DESWELL INDUSTRIES INC	$2.31	$2.42	-4.57%	6.00x	N/A	0.52x	0.40x	2.63x	$13.52M	36.71%	$91.61M	5.75	$19.43M	2.45
BELFA	BEL FUSE INC	$69.51	$69.43	0.11%	12.59x	N/A	1.39x	2.60x	0.62x	$102.26M	11.51%	$340.56M	26.66	$877.91M	8.83
PLXS	PLEXUS CORP	$93.68	$68.11	37.54%	20.50x	15.26x	0.63x	2.04x	0.76x	$101.97M	3.96%	$1.27B	46.09	$2.83B	11.28
JBL	JABIL INC	$129.65	N/A	N/A	10.94x	17.24x	0.51x	5.88x	N/A	$1.14B	6.99%	$2.66B	21.23	$16.32B	5.62
DAKT	DAKTRONICS INC	$8.96	$22.22	-59.67%	7.66x	N/A	0.51x	1.75x	0.20x	$61.41M	14.84%	$236.25M	5.12	$386.63M	4.71
LFUS	LITTELFUSE INC	$225.95	$82.71	173.18%	21.64x	N/A	2.38x	2.27x	3.11x	$372.03M	6.62%	$2.48B	99.79	$6.00B	11.85
CPSH	CPS TECHNOLOGIES CORP	$1.74	$2.01	-13.28%	19.33x	N/A	0.92x	1.46x	0.40x	$549.18k	2.18%	$17.32M	1.20	$16.68M	7.53
FN	FABRINET	$166.12	$43.66	280.51%	23.77x	23.20x	2.22x	3.74x	10.99x	$280.62M	4.65%	$1.61B	44.36	$5.72B	17.84
CLS	CELESTICA INC	$44.62	$23.43	90.44%	21.87x	N/A	0.67x	3.00x	1.28x	$307.30M	5.74%	$1.77B	14.73	$5.72B	10.52
TEL	TE CONNECTIVITY LTD	$141.48	N/A	N/A	13.33x	16.08x	2.75x	3.33x	N/A	$2.58B	5.85%	$13.14B	42.24	$46.72B	13.88
VICR	VICOR CORP	$34.70	$9.30	272.92%	28.68x	N/A	3.80x	2.85x	4.56x	$41.08M	2.67%	$540.87M	12.20	$1.31B	16.90
FLEX	FLEX LTD	$28.08	$29.85	-5.92%	16.42x	N/A	0.41x	1.98x	0.48x	$489.00M	4.04%	$5.97B	13.84	$13.00B	9.08
BHE	BENCHMARK ELECTRONICS INC	$30.04	$23.73	26.60%	16.60x	N/A	0.38x	1.00x	0.76x	$97.20M	9.10%	$1.08B	30.34	$1.25B	7.86
OSIS	OSI SYSTEMS INC	$134.75	$40.11	235.94%	19.99x	19.67x	1.68x	2.98x	15.12x	$46.21M	2.02%	$770.44M	45.33	$2.63B	12.78
APH	AMPHENOL CORP	$111.49	$21.44	420.00%	34.52x	33.28x	5.30x	8.01x	10.51x	$2.16B	3.25%	$8.35B	13.99	$69.55B	23.32
ALNT	ALLIENT INC	$29.20	$10.47	179.00%	19.34x	N/A	0.81x	1.93x	4.69x	$33.44M	7.17%	$251.58M	15.76	$690.56M	10.28
GLW	CORNING INC	$30.98	$38.84	-20.24%	44.90x	11.47x	2.10x	2.29x	0.31x	$682.00M	2.58%	$11.55B	13.53	$32.19B	13.15
CTS	CTS CORP	$43.80	$13.78	217.76%	22.69x	N/A	2.50x	2.56x	4.80x	$74.07M	5.39%	$526.82M	16.80	$1.28B	11.96
WBX	WALLBOX NV	$1.31	N/A	N/A	-2.01x	N/A	1.76x	1.69x	N/A	-$82.97M	-30.23%	$162.81M	0.78	$432.65M	-5.07
SGMA	SIGMATRON INTERNATIONAL INC	$3.92	N/A	N/A	21.76x	N/A	0.06x	0.34x	N/A	$25.91M	108.55%	$69.37M	11.38	$116.80M	5.98
DAIO	DATA I/O CORP	$3.42	N/A	N/A	68.40x	N/A	1.09x	1.52x	N/A	$1.23M	4.04%	$20.32M	2.27	$19.22M	14.92
ROG	ROGERS CORP	$105.82	N/A	N/A	34.81x	N/A	2.17x	1.57x	N/A	$80.00M	4.05%	$1.26B	67.49	$1.89B	13.75
MEI	METHODE ELECTRONICS INC	$12.22	N/A	N/A	-7.54x	3.37x	0.38x	0.52x	N/A	$19.30M	4.46%	$835.00M	23.59	$667.07M	53.80
MMAT	META MATERIALS INC	$2.72	N/A	N/A	-0.04x	-0.39x	1.97x	0.78x	N/A	-$50.59M	-322.72%	$21.94M	3.81	$18.99M	-0.05
NEON	NEONODE INC	$1.37	N/A	N/A	-2.08x	N/A	4.72x	1.23x	N/A	-$6.43M	-30.66%	$17.16M	1.12	$4.99M	-0.51
LGL	LGL GROUP INC	$5.41	N/A	N/A	108.20x	N/A	7.87x	0.75x	N/A	$385.00k	1.33%	$38.76M	7.24	-$11.64M	-20.39
REFR	RESEARCH FRONTIERS INC	$1.64	N/A	N/A	-27.33x	N/A	60.74x	15.62x	N/A	-$2.30M	-4.21%	$3.52M	0.11	$52.75M	-30.38
TTMI	TTM TECHNOLOGIES INC	$14.11	N/A	N/A	-78.39x	N/A	0.64x	0.95x	N/A	$89.32M	6.21%	$1.51B	14.83	$1.99B	13.46
OUST	OUSTER INC	$7.08	N/A	N/A	-0.70x	N/A	3.15x	1.60x	N/A	-$140.34M	-53.52%	$179.67M	4.85	$306.31M	-0.89
LINK	INTERLINK ELECTRONICS INC	$7.04	N/A	N/A	-88.00x	N/A	4.99x	5.33x	N/A	-$239.00k	-0.34%	$13.03M	1.32	$65.27M	347.19
MTEK	MARIS TECH LTD	$1.59	N/A	N/A	-4.68x	N/A	3.12x	1.82x	N/A	-$3.96M	-31.51%	$6.89M	0.87	$11.89M	-4.14
HOLO	MICROCLOUD HOLOGRAM INC	$2.24	N/A	N/A	-0.43x	N/A	0.17x	0.68x	N/A	-$3.96M	-81.56%	$19.60M	9.04	-$3.36M	0.31
IMTE	INTEGRATED MEDIA TECHNOLOGY LTD	$2.15	N/A	N/A	-48.86x	N/A	8.08x	0.24x	N/A	-$5.82M	-127.40%	$18.75M	8.82	$8.24M	-1.20
KOPN	KOPIN CORP	$1.28	N/A	N/A	-7.11x	N/A	3.45x	5.14x	N/A	-$16.21M	-11.64%	$29.51M	0.27	$147.86M	-7.79
LPTH	LIGHTPATH TECHNOLOGIES INC	$1.47	N/A	N/A	-10.50x	N/A	1.70x	1.66x	N/A	-$4.78M	-8.71%	$33.70M	0.90	$62.64M	-59.32
OST	OSTIN TECHNOLOGY GROUP CO LTD	$0.41	N/A	N/A	-0.53x	N/A	0.10x	0.41x	N/A	-$6.57M	-114.11%	$13.96M	1.00	$30.28M	-4.47
KULR	KULR TECHNOLOGY GROUP INC	$0.48	N/A	N/A	-2.40x	N/A	5.78x	-38.02x	N/A	-$12.88M	-22.71%	-$2.18M	-0.02	$87.92M	-4.29
OPTX	SYNTEC OPTICS HOLDINGS INC	$3.02	N/A	N/A	-100.67x	N/A	N/A	-16.64x	N/A	-$739.86k	-4.01%	-$1.11M	-0.18	$18.91M	34.30

Electronic Component Stocks FAQ

What are the best electronic component stocks to buy right now in Apr 2024?

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

1. Universal Display (NASDAQ:OLED)

Universal Display (NASDAQ:OLED) is the top electronic component stock with a Zen Score of 62, which is 27 points higher than the electronic component industry average of 35. It passed 24 out of 38 due diligence checks and has strong fundamentals. Universal Display has seen its stock return 5.04% over the past year, underperforming other electronic component stocks by -2 percentage points.

Universal Display has an average 1 year price target of $200.80, an upside of 32.13% from Universal Display's current stock price of $151.97.

Universal Display stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Universal Display, 40% have issued a Strong Buy rating, 40% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Eltek (NASDAQ:ELTK)

Eltek (NASDAQ:ELTK) is the second best electronic component stock with a Zen Score of 61, which is 26 points higher than the electronic component industry average of 35. It passed 23 out of 38 due diligence checks and has strong fundamentals. Eltek has seen its stock return 169.48% over the past year, overperforming other electronic component stocks by 163 percentage points.

3. Lsi Industries (NASDAQ:LYTS)

Lsi Industries (NASDAQ:LYTS) is the third best electronic component stock with a Zen Score of 56, which is 21 points higher than the electronic component industry average of 35. It passed 21 out of 38 due diligence checks and has strong fundamentals. Lsi Industries has seen its stock return 5.2% over the past year, underperforming other electronic component stocks by -1 percentage points.

What are the electronic component stocks with highest dividends?

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:

1. Deswell Industries (NASDAQ:DSWL)

Deswell Industries (NASDAQ:DSWL) has an annual dividend yield of 8.66%, which is 7 percentage points higher than the electronic component industry average of 2.06%. 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.

2. Methode Electronics (NYSE:MEI)

Methode Electronics (NYSE:MEI) has an annual dividend yield of 4.58%, which is 3 percentage points higher than the electronic component industry average of 2.06%. Methode Electronics's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Methode Electronics's dividend has shown consistent growth over the last 10 years.

Methode Electronics's dividend payout ratio of -34.6% indicates that its dividend yield might not be sustainable for the long-term.

3. Corning (NYSE:GLW)

Corning (NYSE:GLW) has an annual dividend yield of 3.62%, which is 2 percentage points higher than the electronic component industry average of 2.06%. 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 162.3% indicates that its dividend yield might not be sustainable for the long-term.

Why are electronic component stocks down?

Electronic component stocks were down -1.62% in the last day, and down -3.73% over the last week.

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

What are the most undervalued electronic component stocks?

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

1. Eltek (NASDAQ:ELTK)

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 64 points higher than the electronic component industry average of 36. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 169.48% in the past year. It has overperformed other stocks in the electronic component industry by 163 percentage points.

2. Flex (NASDAQ:FLEX)

Flex (NASDAQ:FLEX) is the second most undervalued electronic component stock based on WallStreetZen's Valuation Score. Flex has a valuation score of 86, which is 50 points higher than the electronic component industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Flex's stock has gained 29.94% in the past year. It has overperformed other stocks in the electronic component industry by 23 percentage points.

3. Sanmina (NASDAQ:SANM)

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 50 points higher than the electronic component industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Sanmina's stock has gained 3.88% in the past year. It has underperformed other stocks in the electronic component industry by -3 percentage points.

Are electronic component stocks a good buy now?

47.62% of electronic component stocks rated by analysts are a buy right now. On average, analysts expect electronic component stocks to rise by 16.78% over the next year.

What is the average p/e ratio of the electronic components industry?

The average P/E ratio of the electronic components industry is 25.43x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.