5 Best Electronic Components Stocks to Buy Now

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In this article, we will take a look at the 5 best electronic components stocks to buy now. To see more such companies, go directly to 13 Best Electronic Components Stocks to Buy Now.

5. TE Connectivity Ltd. (NYSE:TEL)

Number of Hedge Fund Holders: 29

TE Connectivity Ltd. (NYSE:TEL) makes sensors, connectors, and other equipment that is widely used in important industries like automotive, industrial equipment, data communication, aerospace and defense.

Insider Monkey’s database of 943 hedge funds shows that 29 hedge funds had stakes in TE Connectivity Ltd. (NYSE:TEL). The biggest stakeholder of TE Connectivity Ltd. (NYSE:TEL) was Natixis Global Asset Management’s Harris Associates which owns a $902 million stake in the company.

ClearBridge Large Cap Value Strategy made the following comment about TE Connectivity Ltd. (NYSE:TEL) in its first quarter 2023 investor letter:

“Elsewhere in the market rotation to tech, a broad recovery in cyclicals such as industrials and the semiconductor supply chain helped long-time holding TE Connectivity Ltd. (NYSE:TEL). While automotive sales are likely to be pressured as higher financing costs reduce the affordability of new vehicles, we believe TE Connectivity is positioned to benefit from secular trends around automotive electrification and remain believers in the company’s strong competitive position.”

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