5 Best Electronic Stocks To Buy Now

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1. Flex Ltd. (NASDAQ:FLEX)

Number of Hedge Fund Holders: 55

Flex Ltd. (NASDAQ:FLEX) provides technology, supply chain, and manufacturing solutions globally through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. FAS includes communications, enterprise and cloud solutions, lifestyle solutions, and consumer devices. FRS offers specialized production models in automotive, health solutions, and industrial solutions. Nextracker provides solar tracker and software solutions for solar projects. Flex also offers design, engineering, prototyping, fulfillment, and circular economy solutions. Flex Ltd. (NASDAQ:FLEX) is one of the best electronic components stocks to invest in. 

On January 31, Flex Ltd. (NASDAQ:FLEX) announced financial results for its third quarter ended December 31, 2023. The company posted a non-GAAP EPS of $0.71 and a revenue of $7.1 billion, outperforming Wall Street estimates by $0.10 and $370 million, respectively. 

According to Insider Monkey’s fourth quarter database, 55 hedge funds were bullish on Flex Ltd. (NASDAQ:FLEX), compared to 56 funds in the last quarter. Scott Ferguson’s Sachem Head Capital is the biggest stakeholder of the company, with 11.1 million shares worth $255.5 million. 

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