5 Best Consumer Electronics Stocks To Buy

4. Sonos, Inc. (NASDAQ:SONO)

Number of Hedge Fund Holders: 27

Sonos, Inc. (NASDAQ:SONO) specializes in the creation, advancement, production, and sale of multi-room audio devices across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Their product lineup encompasses wireless speakers, home theater speakers, components, and a range of relevant accessories. On February 8, Sonos, Inc. (NASDAQ:SONO) reported a FQ1 non-GAAP EPS of $0.79 and a revenue of $672.58 million, outperforming wall Street estimates by $0.20 and $92.28 million, respectively. It is one of the best consumer electronics stocks to invest in. 

According to Insider Monkey’s fourth quarter database, 27 hedge funds were long Sonos, Inc. (NASDAQ:SONO), compared to 24 funds in the prior quarter. Coliseum Capital is the largest stakeholder of the company, with 6.40 million shares worth over $108 million.

Here is what Aristotle Capital Management Small Cap Equity has to say about Sonos, Inc. (NASDAQ:SONO) in its Q1 2022 investor letter:

“Sonos (NASDAQ:SONO), a consumer electronics company with proprietary multi-room smart speaker technology, was added to the portfolio on the belief that strong consumer demand for the company’s differentiated product offering plus a multi-year pipeline of upcoming new product introductions are expected to drive shareholder value for the next several years.”