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

Overview Zen Score Price Valuation Financials Forecast

Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
OLED	UNIVERSAL DISPLAY CORP	$7.20B	$151.97	$200.80	32.13%	Buy	5	12.92%	30.61%	N/A	N/A
ELTK	ELTEK LTD	$65.38M	$10.86	N/A	N/A	N/A	N/A	8.83%	N/A	N/A	N/A
LYTS	LSI INDUSTRIES INC	$406.11M	$13.97	N/A	N/A	N/A	N/A	6.33%	4.79%	N/A	N/A
RELL	RICHARDSON ELECTRONICS LTD	$140.79M	$9.86	N/A	N/A	N/A	N/A	4.23%	214.11%	N/A	N/A
MPTI	M-TRON INDUSTRIES INC	$72.98M	$26.10	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SANM	SANMINA CORP	$3.25B	$58.35	$45.00	-22.88%	Sell	1	-6.20%	N/A	N/A	N/A
DSWL	DESWELL INDUSTRIES INC	$36.81M	$2.31	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BELFA	BEL FUSE INC	$886.72M	$69.51	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PLXS	PLEXUS CORP	$2.59B	$93.68	$109.67	17.07%	Buy	3	3.85%	29.89%	N/A	N/A
DAKT	DAKTRONICS INC	$413.86M	$8.96	N/A	N/A	N/A	N/A	0.22%	N/A	N/A	N/A
JBL	JABIL INC	$15.64B	$129.65	$149.00	14.92%	Strong Buy	4	-4.01%	-48.12%	N/A	N/A
TEL	TE CONNECTIVITY LTD	$43.69B	$141.48	$156.14	10.36%	Buy	7	3.46%	-18.83%	N/A	N/A
LFUS	LITTELFUSE INC	$5.63B	$225.95	$260.00	15.07%	Hold	1	0.30%	N/A	N/A	N/A
FN	FABRINET	$6.03B	$166.12	$220.50	32.74%	Buy	4	7.55%	2.40%	N/A	N/A
CPSH	CPS TECHNOLOGIES CORP	$25.26M	$1.74	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CLS	CELESTICA INC	$5.31B	$44.62	$40.25	-9.79%	Buy	4	9.77%	N/A	N/A	N/A
VICR	VICOR CORP	$1.54B	$34.70	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FLEX	FLEX LTD	$11.83B	$28.08	$35.50	26.42%	Strong Buy	2	-2.51%	N/A	N/A	N/A
BHE	BENCHMARK ELECTRONICS INC	$1.07B	$30.04	$31.00	3.20%	Buy	1	N/A	N/A	N/A	N/A
APH	AMPHENOL CORP	$66.88B	$111.49	$119.33	7.03%	Strong Buy	9	5.79%	3.65%	N/A	N/A
OSIS	OSI SYSTEMS INC	$2.30B	$134.75	$169.00	25.42%	Strong Buy	1	11.40%	1.63%	N/A	N/A
GLW	CORNING INC	$26.44B	$30.98	$34.88	12.57%	Buy	8	6.89%	161.27%	N/A	N/A
ALNT	ALLIENT INC	$484.53M	$29.20	$41.00	40.41%	Buy	3	4.82%	N/A	N/A	N/A
CTS	CTS CORP	$1.35B	$43.80	$42.50	-2.97%	Hold	2	N/A	N/A	N/A	N/A
WBX	WALLBOX NV	$274.85M	$1.31	N/A	N/A	N/A	N/A	40.52%	N/A	N/A	N/A
DAIO	DATA I/O CORP	$30.86M	$3.42	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SGMA	SIGMATRON INTERNATIONAL INC	$23.87M	$3.92	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROG	ROGERS CORP	$1.97B	$105.82	N/A	N/A	N/A	N/A	-2.80%	N/A	N/A	N/A
MMAT	META MATERIALS INC	$17.16M	$2.72	N/A	N/A	N/A	N/A	365.75%	N/A	57.51%	22.84%
MEI	METHODE ELECTRONICS INC	$432.47M	$12.22	$12.00	-1.80%	Hold	1	-1.26%	N/A	N/A	N/A
LGL	LGL GROUP INC	$29.07M	$5.41	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NEON	NEONODE INC	$21.04M	$1.37	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
OUST	OUSTER INC	$287.95M	$7.08	$10.00	41.24%	Strong Buy	4	N/A	N/A	N/A	N/A
REFR	RESEARCH FRONTIERS INC	$54.96M	$1.64	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
TTMI	TTM TECHNOLOGIES INC	$1.44B	$14.11	$17.75	25.80%	Strong Buy	2	4.43%	N/A	N/A	N/A
LINK	INTERLINK ELECTRONICS INC	$69.42M	$7.04	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
MTEK	MARIS TECH LTD	$12.53M	$1.59	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
HOLO	MICROCLOUD HOLOGRAM INC	$13.31M	$2.24	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
IMTE	INTEGRATED MEDIA TECHNOLOGY LTD	$4.57M	$2.15	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
KOPN	KOPIN CORP	$151.59M	$1.28	$3.00	134.38%	Buy	1	12.74%	N/A	N/A	N/A
LPTH	LIGHTPATH TECHNOLOGIES INC	$55.89M	$1.47	$3.00	104.08%	Strong Buy	1	1.46%	N/A	N/A	N/A
OST	OSTIN TECHNOLOGY GROUP CO LTD	$5.76M	$0.41	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
KULR	KULR TECHNOLOGY GROUP INC	$82.98M	$0.48	$1.00	108.33%	Buy	1	N/A	N/A	N/A	N/A
OPTX	SYNTEC OPTICS HOLDINGS INC	$18.54M	$3.02	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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.