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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.

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

Lsi Industries (NASDAQ:LYTS) is the top electronic component stock with a Zen Score of 64, which is 29 points higher than the electronic component industry average of 35. It passed 24 out of 38 due diligence checks and has strong fundamentals. Lsi Industries has seen its stock return 0.76% over the past year, underperforming other electronic component stocks by -19 percentage points.

Lsi Industries has an average 1 year price target of $19.00, an upside of 19.65% from Lsi Industries's current stock price of $15.88.

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.

Eltek (NASDAQ:ELTK) is the second best electronic component stock with a Zen Score of 58, which is 23 points higher than the electronic component industry average of 35. It passed 22 out of 38 due diligence checks and has strong fundamentals. Eltek has seen its stock return 7.5% over the past year, underperforming other electronic component stocks by -12 percentage points.

Sanmina (NASDAQ:SANM) is the third best electronic component stock with a Zen Score of 58, which is 23 points higher than the electronic component industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. Sanmina has seen its stock return 23.75% over the past year, overperforming other electronic component stocks by 4 percentage points.

Sanmina has an average 1 year price target of $62.00, a downside of -6.88% from Sanmina's current stock price of $66.58.

Sanmina stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Sanmina, 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.

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:

Deswell Industries (NASDAQ:DSWL) has an annual dividend yield of 7.91%, which is 6 percentage points higher than the electronic component industry average of 1.85%. 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 41.7% indicates that its high dividend yield is sustainable for the long-term.

Methode Electronics (NYSE:MEI) has an annual dividend yield of 5.15%, which is 3 percentage points higher than the electronic component industry average of 1.85%. 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 -13.9% indicates that its high dividend yield might not be sustainable for the long-term.

Eltek (NASDAQ:ELTK) has an annual dividend yield of 2.13%, which is the same as the electronic component industry average of 1.85%.

Eltek's dividend payout ratio of 22.7% indicates that its dividend yield is sustainable for the long-term.

Electronic component stocks were down -0.82% in the last day, and down -2.01% over the last week.

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

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

Sanmina (NASDAQ:SANM) is the most undervalued electronic component stock based on WallStreetZen's Valuation Score. Sanmina has a valuation score of 86, which is 58 points higher than the electronic component industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Sanmina's stock has gained 23.75% in the past year. It has overperformed other stocks in the electronic component industry by 4 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 71, which is 43 points higher than the electronic component industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Deswell Industries's stock has gained 8.58% in the past year. It has underperformed other stocks in the electronic component industry by -11 percentage points.

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

Eltek's stock has gained 7.5% in the past year. It has underperformed other stocks in the electronic component industry by -12 percentage points.