Sectors & Industries TechnologyElectronics & Computer Distribution
Best Electronic & Computer Distribution Stocks to Buy Now (2024)
Top electronic & computer distribution stocks in 2024 ranked by overall Zen Score. See the best electronic & computer distribution stocks to buy now, according to analyst forecasts for the electronics & computer distribution industry.

Industry: Electronics & Computer Di...

Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Zen Score	Valuation Score	Financials Score	Forecast Score	Performance Score	Dividends Score
SCSC	SCANSOURCE INC	54	71	71	33	40	–
TAIT	TAITRON COMPONENTS INC	51	71	86	0	20	80
ARW	ARROW ELECTRONICS INC	50	71	43	56	30	–
AVT	AVNET INC	47	71	43	11	30	80
CLMB	CLIMB GLOBAL SOLUTIONS INC	44	43	57	22	60	40
Upgrade to Premium to View More Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail. Already have a premium account? Sign In

Electronic & Computer Distribution Stocks FAQ

What are the best electronic & computer distribution stocks to buy right now in May 2024?

According to Zen Score, the 3 best electronic & computer distribution stocks to buy right now are:

1. Scansource (NASDAQ:SCSC)

Scansource (NASDAQ:SCSC) is the top electronic & computer distribution stock with a Zen Score of 54, which is 14 points higher than the electronic & computer distribution industry average of 40. It passed 17 out of 33 due diligence checks and has strong fundamentals. Scansource has seen its stock return 59.01% over the past year, overperforming other electronic & computer distribution stocks by 25 percentage points.

Scansource has an average 1 year price target of $35.50, a downside of -17.19% from Scansource's current stock price of $42.87.

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

2. Taitron Components (NASDAQ:TAIT)

Taitron Components (NASDAQ:TAIT) is the second best electronic & computer distribution stock with a Zen Score of 51, which is 11 points higher than the electronic & computer distribution industry average of 40. It passed 17 out of 38 due diligence checks and has strong fundamentals. Taitron Components has seen its stock lose -14.21% over the past year, underperforming other electronic & computer distribution stocks by -48 percentage points.

3. Arrow Electronics (NYSE:ARW)

Arrow Electronics (NYSE:ARW) is the third best electronic & computer distribution stock with a Zen Score of 50, which is 10 points higher than the electronic & computer distribution industry average of 40. It passed 16 out of 33 due diligence checks and has strong fundamentals. Arrow Electronics has seen its stock return 7.77% over the past year, underperforming other electronic & computer distribution stocks by -26 percentage points.

Arrow Electronics has an average 1 year price target of $124.00, a downside of -0.71% from Arrow Electronics's current stock price of $124.89.

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

What are the electronic & computer distribution stocks with highest dividends?

Out of 5 electronic & computer distribution stocks that have issued dividends in the past year, the 3 electronic & computer distribution stocks with the highest dividend yields are:

1. Taitron Components (NASDAQ:TAIT)

Taitron Components (NASDAQ:TAIT) has an annual dividend yield of 6.37%, which is 4 percentage points higher than the electronic & computer distribution industry average of 2.37%. Taitron Components's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Taitron Components's dividend has shown consistent growth over the last 10 years.

Taitron Components's dividend payout ratio of 64.5% indicates that its high dividend yield is sustainable for the long-term.

2. Avnet (NASDAQ:AVT)

Avnet (NASDAQ:AVT) has an annual dividend yield of 2.47%, which is the same as the electronic & computer distribution industry average of 2.37%. Avnet's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Avnet's dividend has shown consistent growth over the last 10 years.

Avnet's dividend payout ratio of 19.4% indicates that its dividend yield is sustainable for the long-term.

3. Td Synnex (NYSE:SNX)

Td Synnex (NYSE:SNX) has an annual dividend yield of 1.28%, which is -1 percentage points lower than the electronic & computer distribution industry average of 2.37%. Td Synnex's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Td Synnex's dividend has shown consistent growth over the last 10 years.

Td Synnex's dividend payout ratio of 21% indicates that its dividend yield is sustainable for the long-term.

Why are electronic & computer distribution stocks up?

Electronic & computer distribution stocks were up 3.31% in the last day, and down -0.47% over the last week. Insight Enterprises was the among the top gainers in the electronics & computer distribution industry, gaining 8.59% yesterday.

Insight Enterprises shares are trading higher. The company on Thursday reported better-than-expected Q1 financial results and raised its FY24 adjusted EPS guidance.

What are the most undervalued electronic & computer distribution stocks?

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

1. Arrow Electronics (NYSE:ARW)

Arrow Electronics (NYSE:ARW) is the most undervalued electronic & computer distribution stock based on WallStreetZen's Valuation Score. Arrow Electronics has a valuation score of 71, which is 25 points higher than the electronic & computer distribution industry average of 46. It passed 5 out of 7 valuation due diligence checks.

Arrow Electronics's stock has gained 7.77% in the past year. It has underperformed other stocks in the electronic & computer distribution industry by -26 percentage points.

2. Scansource (NASDAQ:SCSC)

Scansource (NASDAQ:SCSC) is the second most undervalued electronic & computer distribution stock based on WallStreetZen's Valuation Score. Scansource has a valuation score of 71, which is 25 points higher than the electronic & computer distribution industry average of 46. It passed 5 out of 7 valuation due diligence checks.

Scansource's stock has gained 59.01% in the past year. It has overperformed other stocks in the electronic & computer distribution industry by 25 percentage points.

3. Taitron Components (NASDAQ:TAIT)

Taitron Components (NASDAQ:TAIT) is the third most undervalued electronic & computer distribution stock based on WallStreetZen's Valuation Score. Taitron Components has a valuation score of 71, which is 25 points higher than the electronic & computer distribution industry average of 46. It passed 5 out of 7 valuation due diligence checks.

Taitron Components's stock has dropped -14.21% in the past year. It has underperformed other stocks in the electronic & computer distribution industry by -48 percentage points.

Are electronic & computer distribution stocks a good buy now?

42.86% of electronic & computer distribution stocks rated by analysts are a buy right now. On average, analysts expect electronic & computer distribution stocks to rise by 3.73% over the next year.

What is the average p/e ratio of the electronics & computer distribution industry?

The average P/E ratio of the electronics & computer distribution industry is 13.64x.

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.

Upgrade to Premium to View More