10 Best Electronic Components Stocks to Buy Now

5. TE Connectivity plc (NYSE:TEL)

Number of Hedge Fund Holders: 50

TE Connectivity plc (NYSE:TEL) is a global industrial technology company that designs and manufactures electrical and electronic components. The company’s wide range of sensor and connectivity solutions enable the distribution of power, signal, and data to support transportation, energy networks, automated factories, data centers, medical technology, appliances, and intelligent buildings and smart cities. TE Connectivity plc (NYSE:TEL) is one of the best electronic components stocks to buy now.

On April 14, Citi reduced its price target on TE Connectivity plc (NYSE:TEL) to $142 from $165 but kept a “Neutral” rating on the stock. This adjustment comes even after a potential boost to the North American communications equipment sector after the Trump administration’s reciprocal tariff exemptions on PCs, smartphones, and other electronic products. Citi has adopted a cautious view and reduced its data center capital expenditure and PC market projections while citing a “macro-induced” decline in demand because of broader economic challenges. The firm prefers stocks tied to AI servers over those linked to enterprise solutions. According to Citi, the consumer segment is expected to be hit the hardest by inflation and reduced demand. This indicates a tough environment for consumer electronics in the near future.