Sectors & Industries TechnologyElectronics & Computer Distribution
Best Electronic & Computer Distribution Stocks to Buy Now (2024)
Top electronic & computer distribution stocks in 2024 ranked by overall Zen Score. See the best electronic & computer distribution stocks to buy now, according to analyst forecasts for the electronics & computer distribution industry.

Industry: Electronics & Computer Di...

Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Zen Score	Valuation Score	Financials Score	Forecast Score	Performance Score	Dividends Score
SCSC	SCANSOURCE INC	57	71	71	44	40	–
TAIT	TAITRON COMPONENTS INC	52	71	100	0	10	80
ARW	ARROW ELECTRONICS INC	47	71	43	44	30	–
AVT	AVNET INC	47	71	43	11	30	80
CLMB	CLIMB GLOBAL SOLUTIONS INC	42	43	57	22	50	40
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Electronic & Computer Distribution Stocks FAQ

What are the best electronic & computer distribution stocks to buy right now in Jun 2024?

According to Zen Score, the 3 best electronic & computer distribution stocks to buy right now are:

1. Scansource (NASDAQ:SCSC)

Scansource (NASDAQ:SCSC) is the top electronic & computer distribution stock with a Zen Score of 57, which is 17 points higher than the electronic & computer distribution industry average of 40. It passed 18 out of 33 due diligence checks and has strong fundamentals. Scansource has seen its stock return 64.92% over the past year, overperforming other electronic & computer distribution stocks by 33 percentage points.

Scansource has an average 1 year price target of $36.00, a downside of -24.1% from Scansource's current stock price of $47.43.

Scansource stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Scansource, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Taitron Components (NASDAQ:TAIT)

Taitron Components (NASDAQ:TAIT) is the second best electronic & computer distribution stock with a Zen Score of 52, which is 12 points higher than the electronic & computer distribution industry average of 40. It passed 17 out of 38 due diligence checks and has strong fundamentals. Taitron Components has seen its stock lose -26.18% over the past year, underperforming other electronic & computer distribution stocks by -58 percentage points.

3. Arrow Electronics (NYSE:ARW)

Arrow Electronics (NYSE:ARW) is the third best electronic & computer distribution stock with a Zen Score of 47, which is 7 points higher than the electronic & computer distribution industry average of 40. It passed 15 out of 33 due diligence checks and has strong fundamentals. Arrow Electronics has seen its stock return 3.69% over the past year, underperforming other electronic & computer distribution stocks by -28 percentage points.

Arrow Electronics has an average 1 year price target of $128.00, a downside of -2.52% from Arrow Electronics's current stock price of $131.31.

Arrow Electronics stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Arrow Electronics, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the electronic & computer distribution stocks with highest dividends?

Out of 5 electronic & computer distribution stocks that have issued dividends in the past year, the 3 electronic & computer distribution stocks with the highest dividend yields are:

1. Taitron Components (NASDAQ:TAIT)

Taitron Components (NASDAQ:TAIT) has an annual dividend yield of 6.92%, which is 5 percentage points higher than the electronic & computer distribution industry average of 2.4%. Taitron Components's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Taitron Components's dividend has shown consistent growth over the last 10 years.

Taitron Components's dividend payout ratio of 53.6% indicates that its high dividend yield is sustainable for the long-term.

2. Avnet (NASDAQ:AVT)

Avnet (NASDAQ:AVT) has an annual dividend yield of 2.23%, which is the same as the electronic & computer distribution industry average of 2.4%. Avnet's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Avnet's dividend has shown consistent growth over the last 10 years.

Avnet's dividend payout ratio of 19.4% indicates that its dividend yield is sustainable for the long-term.

3. Climb Global Solutions (NASDAQ:CLMB)

Climb Global Solutions (NASDAQ:CLMB) has an annual dividend yield of 1.18%, which is -1 percentage points lower than the electronic & computer distribution industry average of 2.4%. Climb Global Solutions's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Climb Global Solutions's dividend has not shown consistent growth over the last 10 years.

Climb Global Solutions's dividend payout ratio of 26.4% indicates that its dividend yield is sustainable for the long-term.

Why are electronic & computer distribution stocks up?

Electronic & computer distribution stocks were up 0.65% in the last day, and down -1.91% over the last week.

We couldn't find a catalyst for why electronic & computer distribution stocks are up.

What are the most undervalued electronic & computer distribution stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued electronic & computer distribution stocks right now are:

1. Arrow Electronics (NYSE:ARW)

Arrow Electronics (NYSE:ARW) is the most undervalued electronic & computer distribution stock based on WallStreetZen's Valuation Score. Arrow Electronics has a valuation score of 71, which is 24 points higher than the electronic & computer distribution industry average of 47. It passed 5 out of 7 valuation due diligence checks.

Arrow Electronics's stock has gained 3.69% in the past year. It has underperformed other stocks in the electronic & computer distribution industry by -28 percentage points.

2. Iczoom Group (NASDAQ:IZM)

Iczoom Group (NASDAQ:IZM) is the second most undervalued electronic & computer distribution stock based on WallStreetZen's Valuation Score. Iczoom Group has a valuation score of 71, which is 24 points higher than the electronic & computer distribution industry average of 47. It passed 5 out of 7 valuation due diligence checks.

Iczoom Group's stock has dropped -47.45% in the past year. It has underperformed other stocks in the electronic & computer distribution industry by -79 percentage points.

3. Taitron Components (NASDAQ:TAIT)

Taitron Components (NASDAQ:TAIT) is the third most undervalued electronic & computer distribution stock based on WallStreetZen's Valuation Score. Taitron Components has a valuation score of 71, which is 24 points higher than the electronic & computer distribution industry average of 47. It passed 5 out of 7 valuation due diligence checks.

Taitron Components's stock has dropped -26.18% in the past year. It has underperformed other stocks in the electronic & computer distribution industry by -58 percentage points.

Are electronic & computer distribution stocks a good buy now?

42.86% of electronic & computer distribution stocks rated by analysts are a buy right now. On average, analysts expect electronic & computer distribution stocks to fall by -1.04% over the next year.

What is the average p/e ratio of the electronics & computer distribution industry?

The average P/E ratio of the electronics & computer distribution industry is 15x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.

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