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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
Ticker
Company
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
ELTK
ELTEK LTD
$65.26M26.20%14.80%21.98%25.20%0.762.1528.10%13.60%15.62%
MPTI
M-TRON INDUSTRIES INC
$80.96M23.40%18.90%25.33%35.40%0.234.1042.70%10.30%12.80%
LYTS
LSI INDUSTRIES INC
$461.71M14.70%9.50%16.54%25.40%0.452.1729.10%6.00%7.90%
OLED
UNIVERSAL DISPLAY CORP
$8.21B15.60%13.50%17.10%20.50%0.139.7076.80%36.00%44.45%
RELL
RICHARDSON ELECTRONICS LTD
$145.50M2.70%2.20%1.14%1.30%0.225.0629.70%2.10%0.88%
DSWL
DESWELL INDUSTRIES INC
$38.88M6.90%5.50%6.85%8.50%0.224.2618.50%8.70%8.93%
DAKT
DAKTRONICS INC
$527.02M24.30%10.80%19.22%22.30%1.112.2127.00%6.60%7.79%
OSIS
OSI SYSTEMS INC
$2.37B16.60%7.50%17.15%21.70%1.251.4735.30%8.60%12.48%
JBL
JABIL INC
$13.87B55.90%8.00%33.27%29.60%5.441.178.90%4.70%6.67%
FN
FABRINET
$8.33B17.60%13.20%17.36%22.50%0.353.5212.40%9.90%10.55%
CLS
CELESTICA INC
$6.14B18.70%5.60%17.07%18.60%2.341.4210.10%3.90%5.47%
FLEX
FLEX LTD
$11.77B17.80%5.00%10.36%9.90%2.431.527.10%3.80%3.81%
BELFA
BEL FUSE INC
$934.00M22.90%13.40%18.60%23.40%0.604.2135.30%12.60%14.64%
SANM
SANMINA CORP
$3.71B11.00%5.20%12.52%14.20%1.012.008.40%3.10%4.46%
TEL
TE CONNECTIVITY LTD
$46.24B28.20%15.30%15.39%19.50%0.821.4533.30%21.60%17.17%
APH
AMPHENOL CORP
$79.23B25.20%12.70%20.17%33.40%0.922.0632.90%15.90%20.89%
ALNT
ALLIENT INC
$483.31M9.90%4.10%8.00%8.90%1.293.5631.90%4.30%7.43%
LFUS
LITTELFUSE INC
$6.44B9.00%5.50%8.91%15.20%0.603.5736.80%9.60%13.78%
GLW
CORNING INC
$30.28B5.40%2.20%4.91%4.30%1.431.6731.70%5.00%9.30%
CTS
CTS CORP
$1.61B10.20%7.10%10.92%21.30%0.413.3234.80%10.10%13.12%
PLXS
PLEXUS CORP
$3.00B8.20%3.00%9.73%8.50%1.601.529.20%2.50%3.75%
BHE
BENCHMARK ELECTRONICS INC
$1.48B6.20%2.90%7.61%7.30%1.042.369.70%2.30%4.17%
LGL
LGL GROUP INC
$28.21M0.30%0.30%0.98%74.30%0.0380.7975.20%4.10%12.41%
MEI
METHODE ELECTRONICS INC
$437.07M-6.50%-3.80%-3.46%-4.30%0.792.7418.10%-5.10%-3.83%
CPSH
CPS TECHNOLOGIES CORP
$25.41M4.50%3.50%4.88%9.60%0.224.7920.80%2.90%3.24%
SGMA
SIGMATRON INTERNATIONAL INC
$29.19M1.70%0.40%8.68%5.90%2.512.2811.20%0.30%3.44%
MMAT
META MATERIALS INC
$14.93M-662.10%-439.60%-1,402.97%-1,103.50%1.530.5866.80%-3,939.40%-3,966.60%
DAIO
DATA I/O CORP
$26.17M-2.10%-1.60%-1.06%-2.30%0.344.1456.10%-1.50%-0.80%
NEON
NEONODE INC
$33.79M-54.30%-49.50%-69.79%-387.20%0.138.91-16.20%-256.10%-249.64%
ROG
ROGERS CORP
$2.20B5.50%4.50%7.22%11.40%0.184.2933.70%7.70%11.27%
VICR
VICOR CORP
$1.50B5.30%4.80%6.37%10.90%0.146.6852.00%7.10%8.81%
REFR
RESEARCH FRONTIERS INC
$64.35M-51.10%-46.10%-61.23%-98.50%0.147.49100.00%-193.70%-193.71%
KULR
KULR TECHNOLOGY GROUP INC
$63.94M-1,739.90%-176.70%-531.51%-315.30%3.370.4636.00%-225.10%-218.02%
OUST
OUSTER INC
$586.57M-116.50%-66.70%-90.34%-90.40%0.903.0917.50%-239.90%-230.38%
MTEK
MARIS TECH LTD
$10.91M-32.90%-21.90%-35.40%-28.60%0.643.3847.80%-67.20%-72.67%
HOLO
MICROCLOUD HOLOGRAM INC
$12.30M-96.00%-80.80%-59.67%-660.10%0.148.8336.50%-40.00%-42.02%
IMTE
INTEGRATED MEDIA TECHNOLOGY LTD
$4.24M-30.30%-25.00%-39.09%-28.20%0.292.60-9.90%-1,287.60%-1,387.01%
LPTH
LIGHTPATH TECHNOLOGIES INC
$53.17M-19.00%-12.20%-14.60%-15.10%0.572.0128.00%-19.70%-18.69%
TTMI
TTM TECHNOLOGIES INC
$1.86B-0.20%-0.10%2.88%3.50%1.172.1019.10%-0.10%3.35%
LINK
INTERLINK ELECTRONICS INC
$49.60M-10.20%-8.80%-10.15%-32.50%0.204.9545.20%-9.70%-9.32%
KOPN
KOPIN CORP
$96.87M-189.70%-94.40%-565.92%-219.10%9.380.9932.30%-125.20%-124.91%
SELX
SEMILUX INTERNATIONAL LTD
$72.24MN/A-1.80%-14.13%-1.70%0.742.89-46.30%-152.30%-140.28%
OST
OSTIN TECHNOLOGY GROUP CO LTD
$6.53M-55.70%-19.30%-58.99%-25.90%3.040.603.60%-19.00%-16.42%
OPTX
SYNTEC OPTICS HOLDINGS INC
$19.34M-18.50%0.90%4.03%3.90%-1.480.32N/AN/AN/A

Electronic Component Stocks FAQ

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

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

1. Eltek (NASDAQ:ELTK)


Eltek (NASDAQ:ELTK) is the top electronic component stock with a Zen Score of 61, which is 28 points higher than the electronic component industry average of 33. It passed 23 out of 38 due diligence checks and has strong fundamentals. Eltek has seen its stock return 174.43% over the past year, overperforming other electronic component stocks by 156 percentage points.

2. M Tron Industries (NYSEMKT:MPTI)


M Tron Industries (NYSEMKT:MPTI) is the second best electronic component stock with a Zen Score of 59, which is 26 points higher than the electronic component industry average of 33. It passed 19 out of 33 due diligence checks and has strong fundamentals. M Tron Industries has seen its stock return 140.08% over the past year, overperforming other electronic component stocks by 122 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 23 points higher than the electronic component industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Lsi Industries has seen its stock return 24.7% over the past year, overperforming other electronic component stocks by 6 percentage points.

Lsi Industries has an average 1 year price target of $19.00, an upside of 19.87% from Lsi Industries's current stock price of $15.85.

Lsi Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Lsi Industries, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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 8.2%, which is 6 percentage points higher than the electronic component industry average of 1.87%. 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 4.53%, which is 3 percentage points higher than the electronic component industry average of 1.87%. 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 high dividend yield might not be sustainable for the long-term.

3. Corning (NYSE:GLW)


Corning (NYSE:GLW) has an annual dividend yield of 3.17%, which is 1 percentage points higher than the electronic component industry average of 1.87%. 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 153.4% indicates that its dividend yield might not be sustainable for the long-term.

Why are electronic component stocks up?

Electronic component stocks were up 0.24% in the last day, and up 1.8% over the last week. Ouster was the among the top gainers in the electronic components industry, gaining 11.23% yesterday.

Ouster shares are trading higher after a Form4 filing showed that the company's President and CEO Angus Charles Pacala bought 16,000 shares at an average price of $12.33 per share. Also, CTO Mark Frichtl bought 8,000 shares at an average price of $12.34 per share.

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 72 points higher than the electronic component industry average of 28. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 174.43% in the past year. It has overperformed other stocks in the electronic component industry by 156 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 71, which is 43 points higher than the electronic component industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Flex's stock has gained 22.39% in the past year. It has overperformed other stocks in the electronic component industry by 4 percentage points.

3. Lsi Industries (NASDAQ:LYTS)


Lsi Industries (NASDAQ:LYTS) is the third most undervalued electronic component stock based on WallStreetZen's Valuation Score. Lsi Industries has a valuation score of 71, which is 43 points higher than the electronic component industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Lsi Industries's stock has gained 24.7% in the past year. It has overperformed other stocks in the electronic component industry by 6 percentage points.

Are electronic component stocks a good buy now?

47.83% of electronic component stocks rated by analysts are a buy right now. On average, analysts expect electronic component stocks to rise by 5.53% 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 21.86x.
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