10 Best Electronic Components Stocks to Buy Now

7. Fabrinet (NYSE:FN)

Number of Hedge Fund Holders: 36

Fabrinet (NYSE:FN) is a major provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers (OEMs) of complex products. The company offers a wide variety of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly, and testing. Fabrinet (NYSE:FN) has engineering and manufacturing operations in Thailand, the People’s Republic of China, Israel, and the US. The company serves customers in a wide range of markets like aerospace, automotive, industrial, laser products, medical, life science, and optical electronics. Fabrinet (NYSE:FN) ranks among the best electronic components stocks to buy.

On April 17, JPMorgan reduced its price target on Fabrinet (NYSE:FN) from $265 to $220 and maintained a “Neutral” rating on the stock. The firm updated hardware and networking models to better reflect the impact of the current economic uncertainty that is stemming from tariffs. JPMorgan analysts expect a broader slowdown to lead to lower demand from consumers, businesses, and telecom customers. As a result, the firm has adjusted its outlook to reflect this expected drop in demand with a more cautious view of Fabrinet’s (NYSE:FN) future performance in a difficult climate of economic instability.