Top electronic component companies show potential growth post-COVID but face geopolitical uncertainties

From Investing.com: 2024-12-04 11:55:00

The consumer electronics industry faces challenges post-COVID, with global sales expected to reach $977 billion in 2025, a modest recovery from recent years. Companies producing electronic components for major retailers and other markets could see growth as supply chain concerns ease.

TTM Technologies saw a strong third quarter, with revenue up nearly 8% year-over-year and a net income of $14.3 million. Focus on data center computing products could drive future growth, though EPS fell short of expectations. Analysts rate the company optimistically with a consensus price target of $25.31.

Kimball Electronics reported underwhelming results but remains an attractive prospect for analysts due to recent cost-cutting measures. Benchmark Electronics, with efficient operations and potential for recovery in industrial and medical markets, is also poised for growth. However, caution is advised due to geopolitical uncertainties and possible tariffs impacting the industry.



Read more at Investing.com: Top 3 Behind-the-Scenes Electronic Component Companies to Watch