5 Best Electronic Stocks To Buy Now

In this article, we discuss 5 best electronic stocks to buy now. If you want to read our discussion on the electronic components industry, head directly to 13 Best Electronic Stocks To Buy Now. 

5. Corning Incorporated (NYSE:GLW)

Number of Hedge Fund Holders: 37

Corning Incorporated (NYSE:GLW) specializes in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses globally. It provides glass substrates for displays, optical fibers, ceramics for emissions control, specialty materials, and laboratory products. Corning Incorporated (NYSE:GLW) ranks 5th on our list of the best electronic components stocks. 

On February 7, Corning Incorporated (NYSE:GLW) declared a quarterly dividend of $0.28 per share, in line with previous. The dividend is payable on March 28, to shareholders on record as of February 29. 

According to Insider Monkey’s fourth quarter database, 37 hedge funds were long Corning Incorporated (NYSE:GLW), up from 24 funds in the prior quarter. Israel Englander’s Millennium Management is the largest stakeholder of the company, with 2.24 million shares worth $68.4 million. 

4. Celestica Inc. (NYSE:CLS)

Number of Hedge Fund Holders: 38

Celestica Inc. (NYSE:CLS) is a global company providing supply chain solutions in North America, Europe, and Asia. The company offers a range of services, including design, development, engineering, component sourcing, electronics manufacturing, testing, assembly, logistics, and after-market services. Celestica Inc. (NYSE:CLS) is one of the top electronic components stocks to buy. On January 30, the company reported a Q4 non-GAAP EPS of $0.76 and a revenue of $2.14 billion, outperforming Wall Street estimates by $0.08 and $60 million, respectively. 

According to Insider Monkey’s fourth quarter database, 38 hedge funds were bullish on Celestica Inc. (NYSE:CLS), compared to 36 funds in the prior quarter. Whale Rock Capital Management is the leading stakeholder of the company, with 4.17 million shares worth $122.3 million. 

3. Amphenol Corporation (NYSE:APH)

Number of Hedge Fund Holders: 41

Amphenol Corporation (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors globally. Its product offerings include connectors, cable assemblies, power distribution systems, antennas, coaxial and specialty cables, sensors, and sensor-based products. On February 1, Amphenol Corporation (NYSE:APH) declared a quarterly dividend of $0.22 per share, in line with previous. The dividend is payable on April 10, to shareholders on record as of March 19. Amphenol is one of the best electronic components stocks to buy. 

According to Insider Monkey’s fourth quarter database, 41 hedge funds were bullish on Amphenol Corporation (NYSE:APH), same as the prior quarter. Select Equity Group is the largest stakeholder of the company, with 4.15 million shares worth $412.2 million. 

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. TE Connectivity Ltd. (NYSE:TEL)

Number of Hedge Fund Holders: 42

TE Connectivity Ltd. (NYSE:TEL) is one of the best electronic components stocks to monitor. The company manufactures and sells connectivity and sensor solutions globally through three segments – Transportation Solutions, Industrial Solutions, and Communications Solutions. TE Connectivity Ltd. (NYSE:TEL) provides products for automotive, commercial transportation, industrial, aerospace, defense, marine, medical, energy, data, devices, and appliances markets. On February 14, TE Connectivity Ltd. (NYSE:TEL) declared a $0.59 per share quarterly dividend. The dividend is payable on March 1, to shareholders on record as of February 16. 

According to Insider Monkey’s fourth quarter database, 42 hedge funds were bullish on TE Connectivity Ltd. (NYSE:TEL), compared to 46 funds in the last quarter. Harris Associates is the biggest stakeholder of the company, with 4.6 million shares worth over $655 million. 

Carillon Eagle Mid Cap Growth Fund made the following comment about TE Connectivity Ltd. (NYSE:TEL) in its Q3 2023 investor letter:

“TE Connectivity Ltd. (NYSE:TEL) traded lower, along with other automotive suppliers, due to media speculation surrounding the United Auto Workers strike. Major U.S. original equipment manufacturers (OEMs) could temporarily shut down production if an agreement is not reached soon.”

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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