In this article, we will take a look at the 5 best electronic components stocks to buy now. To see more such companies, go directly to 13 Best Electronic Components Stocks to Buy Now.
5. TE Connectivity Ltd. (NYSE:TEL)
Number of Hedge Fund Holders: 29
TE Connectivity Ltd. (NYSE:TEL) makes sensors, connectors, and other equipment that is widely used in important industries like automotive, industrial equipment, data communication, aerospace and defense.
Insider Monkey’s database of 943 hedge funds shows that 29 hedge funds had stakes in TE Connectivity Ltd. (NYSE:TEL). The biggest stakeholder of TE Connectivity Ltd. (NYSE:TEL) was Natixis Global Asset Management’s Harris Associates which owns a $902 million stake in the company.
ClearBridge Large Cap Value Strategy made the following comment about TE Connectivity Ltd. (NYSE:TEL) in its first quarter 2023 investor letter:
“Elsewhere in the market rotation to tech, a broad recovery in cyclicals such as industrials and the semiconductor supply chain helped long-time holding TE Connectivity Ltd. (NYSE:TEL). While automotive sales are likely to be pressured as higher financing costs reduce the affordability of new vehicles, we believe TE Connectivity is positioned to benefit from secular trends around automotive electrification and remain believers in the company’s strong competitive position.”
4. Rogers Corporation (NYSE:ROG)
Number of Hedge Fund Holders: 31
Rogers Corporation (NYSE:ROG) offers advanced electronics and materials solutions. A total of 31 hedge funds tracked by Insider Monkey had stakes in Rogers Corporation (NYSE:ROG). The biggest stakeholder of Rogers Corporation (NYSE:ROG) was Jeffrey Smith’s Starboard Value LP which owns a $168 million stake in the company.
Rogers Corporation (NYSE:ROG) in April posted its first quarter results.
Adjusted EPS in the period came in at $0.87, surpassing estimates by $0.15. Revenue in the quarter fell 1.8% year over year to $243.8 million, beating estimates by $8.8 million. In the second quarter Rogers Corporation (NYSE:ROG) sees its net sales to come in the range of $235 million to $245 million.
3. Amphenol Corporation (NYSE:APH)
Number of Hedge Fund Holders: 34
Connecticut-based Amphenol Corporation (NYSE:APH) makes interconnect systems, printed circuits, sensors, among other products. In April Amphenol Corporation (NYSE:APH) posted first quarter results according to which the company’s adjusted EPS in the quarter came in at $0.69 surpassing estimates by $0.02. Revenue in the period jumped 0.7% year over year to $2.97 billion, beating estimates by $60 million.
For the second quarter Amphenol Corporation (NYSE:APH) expects its sales to come in the range of $2.890 billion to $2.950 billion versus $3.07 billion consensus.
A total of 34 hedge funds tracked by Insider Monkey were long Amphenol Corporation (NYSE:APH) as of the end of the first quarter of 2023.
TimesSquare U.S. Mid Cap Growth Strategy made the following comment about Amphenol Corporation (NYSE:APH) in its Q4 2022 investor letter:
“More positive was the 14% rise by Amphenol Corporation (NYSE:APH), a producer and supplier of electrical and fiber optic connectors. Third quarter earnings surpassed expectations, with strong demand across nearly all end markets. Despite signs of macroeconomic weakness, management increased its quarterly dividend while continuing the share repurchase program.”
2. Jabil Inc. (NYSE:JBL)
Number of Hedge Fund Holders: 39
Electronics manufacturing services company Jabil Inc. (NYSE:JBL) ranks 2nd in our list of the best electronic component stocks to buy now. In June, Jabil posted fiscal Q3 results according to which Jabil Inc. (NYSE:JBL)’s EPS came in at $1.99, beating estimates by $0.12. Revenue in the period jumped 1.8% year over year to $8.5 billion, beating estimates by $300 million.
Jabil Inc. (NYSE:JBL)’s revenue for its Electronics Manufacturing Services (EMS) segment fell 8% year over year.
Insider Monkey’s database of 943 hedge funds shows that 39 hedge funds had stakes in Jabil Inc. (NYSE:JBL) as of the end of the first quarter of 2023. The most notable hedge fund stakeholder of Jabil Inc. (NYSE:JBL) was Alex Sacerdote’s Whale Rock Capital Management which owns a $143 million stake in the company.
1. Flex Ltd. (NASDAQ:FLEX)
Number of Hedge Fund Holders: 64
Singapore-headquartered Flex Ltd. (NASDAQ:FLEX) is one of the biggest electronics manufacturing services companies in the world. Last month Flex Ltd. (NASDAQ:FLEX) said its unit Nextracker has proposed an underwritten offering of 14.2 million shares of Nextracker’s Class A common stock.
In the fiscal fourth quarter Flex Ltd. (NASDAQ:FLEX) EPS came in at $0.57 which beat the Street estimates by $0.06. Revenue in the quarter jumped about 9.2% year over year to $7.48 billion, beating estimates by $300 million. For the first quarter of 2023 Flex Ltd. (NASDAQ:FLEX) expects its revenue to come in the range of $7.0 billion to $7.5 billion.
Insider Monkey’s proprietary database of 943 hedge funds and their holdings shows that 64 hedge funds had stakes in Flex Ltd. (NASDAQ:FLEX) as of the end of the March quarter. The most notable stakeholder of Flex Ltd. (NASDAQ:FLEX) was Andrew Wellington and Jeff Keswin’s Lyrical Asset Management which owns a $237 million stake in the company.
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