The electronics industry is a broad range of businesses that manufacture and sell electronic devices. These products are found in almost every home and are used for communication, gaming, Internet access, and more. Electronic devices can also be found in automobiles. The market for electronics is growing with the adoption of new technologies such as artificial intelligence (AI), the Internet of Things (IoT), virtual reality (VR), and blockchain.
The electronics industry is a broad sector with a wide range of sub-industries. From semiconductor producers to software developers and manufacturers of consumer electronic devices, electronics touches many other industries. Therefore, investing in an individual sub-industry within the electronics sector can be risky if you don’t know what you’re doing.
Here are three stocks from the electronics sector that are perfect for new investors. These stocks are from different electronics industry segments and have proven track records and bright futures ahead of them to second analysts.
II-VI
Marketbeat reports that the stock has been given an average ” Hold ” rating by the 18 research firms presently researching II-VI Incorporated. These research firms are currently covering II-VI Incorporated (NASDAQ: IIVI). These research companies are outlined in this section. The stock has received a recommendation to purchase it from five financial analysts, a recommendation to maintain it from six, and a suggestion to sell the shares from one analyst.
Most analysts watching the firm recently have concluded that setting a price objective of $74.80 per share for the stock over the next year is a sensible one to aim for. This is an instance of a Multi-Tailwinds Laser Play that is referred to as II-VI Stock. In recent years, several research companies have given presentations discussing their perspectives on IIVI. In a research note issued on Friday, August 12, Morgan Stanley dropped their target price for II-VI from $75 to $59.00 and downgraded the company from “overweight” to “equal weight.”
On Tuesday, July 5, Raymond James issued a research note with an “outperform” rating and lowered their target price for II-VI, which had previously been set at $82, to $81. Needham & Company LLC raised their price target for II-VI in a research report published on Thursday. The new price target is $75.00, an increase from the previous price target of $70.00. Cowen said in a research note that was made public on August 15 that they have decreased their target price for II-VI to $110.00. In a research note released on Thursday, Northland Securities stated that they had cut their target price for II-VI from $80.00 to $65.00. This was the last and most recent item on the agenda. Recently, some hedge funds and other types of institutional investors have increased their interest in the company or decreased the amount of stock they own.
During the first three months of 2018, Lord Abbett & Co. LLC made an investment that gave them a new stake in II-VI worth a total of $46,448,000. Snyder Capital Management L.P. achieved a 25.9% growth in the size of its assets in II-VI during the first three months of the year. After purchasing an additional 129,285 shares during the quarter, Snyder Capital Management L.P. now has 628,164 shares in the scientific and technical instruments business. This gives the company a total value of $45,536,000. During the second quarter, Waters Parkerson & Co. LLC boosted the proportion of its total assets that are invested in II-VI by 13.4%. Waters Parkerson & Co. LLC now has total ownership of 394,208 shares of the firm, worth $20,085,000, after purchasing an additional 46,625 shares of the scientific and technical equipment company. These shares were purchased throughout the period. Rhumbline Advisers increased its percentage of II-VI holdings by 2.5 percent during the first three months of 2018. Rhumbline Advisers now holds 314,164 shares of the scientific and technical instrument company’s stock following the acquisition of an additional 7,639 shares during the most recent quarter. The stock of the scientific and technical instrument company is valued at a combined total of $22,774,000.
Lastly, but most certainly not least, during the second quarter, Braun Stacey Associates Inc. grew its holdings in II-VI by a total of 26.7%. It is not to say that this is the most important thing during this period. Since the beginning of the most recent quarter, Braun Stacey Associates Inc. has made additional purchases totaling 61,003 shares, bringing the total number of shares it owns to 289,315, with a value of $14,741,000. It brings the total number of shares it has owned to 289,315 since the beginning of the most recent quarter. Institutional investors and hedge funds jointly control 97.88% of the firm’s total shares, which means that these two types of investors hold the bulk of the company’s stock. When trading started on Monday, one share of IIVI stock went for $51.89.
The price range for II-VI has experienced a one-year low of $45.78 and a one-year high of $75.05. Both of these prices are in U.S. dollars. The stock’s 50-day moving average is presently at $51.87, while its 200-day moving average is $60.34. The company has a market value of $5.52 billion and a price-to-earnings ratio of 35.79. I indicate that the company’s stock is quite expensive. Its PEG ratio is 1.49, and its beta and PEG ratio are at 1.49. Its PEG ratio is 1.49. The most recent quarterly results report for II-VI (NASDAQ: IIVI) was made available for investors to review on Wednesday, August 24. The manufacturer of scientific and technical equipment reported earnings per share (EPS) of $0.98 for the quarter, which was $0.04 more than the consensus estimate of $0.94. II-VI had a return on equity of 14.36% and a net margin of 7.08% for the company overall. The final tally for the quarter’s sales came in at $887 million, a big increase over the experts’ average forecast of $858.96 million for the revenue generated during the quarter.
The company’s earnings per share for the quarter were $0.75, comparable to the same quarter’s figures from the prior year. II-quarterly, VI had a revenue rise of 9.7% compared to the amount of money it brought in during the same quarter of the previous year. During the current fiscal year, experts anticipate that II-VI will bring in a profit of $3.87 per share in total revenue. Electronics, optoelectronic components, and engineered materials are all areas that are the primary areas of focus for manufacturing, distribution, and research at II-VI Incorporated on a global scale.
Compound semiconductors and photonic solutions are the company’s two separate focus areas within the semiconductor industry. The Compound Semiconductors division provides infrared optical components and high-precision optical assemblies used in laser imaging applications in medicine, business, the aerospace industry, and the defense sector. This business area also makes semiconductor lasers and detectors that can be used for optical interconnections and sensing and custom materials used for thermoelectric applications.
IPG Photonics
According to MarketBeat Ratings, the nine analysts now watching IPG Photonics Co. (NASDAQ: IPGP) have concluded that “Hold” is the best course of action for investors to take, and the company has been assigned this rating across the board. There have been four recommendations from various analysts to maintain the current position on the stock; there have been two recommendations to buy the stock and two to sell the stock. The vast majority of brokerages that have recently covered the stock have assigned a price objective of $169.00 for the stock within the next twelve months.
This price target is expected to be achieved within the next year. Not too long ago, several studies on IPGP carried out by various research companies were made public. In a report that was released on Tuesday, August 9, Benchmark stated that they would be decreasing their target price on IPG Photonics to $165.00. The price objective for IPG Photonics was lowered from $157.00 to $146.00 in a research report by Citigroup on Wednesday, August 3. The study was released to the public. The analyst working at Citigroup also recommended buying the company’s stock and gave it a “buy” rating. IPG Photonics was trading at a share price of $94.01 on Monday when the market opened. In the past year, IPG Photonics’ stock price has ranged from a low of $82.68 to a high of $180.54. The low point was reached on December 30, 2018. The company has a price-to-earnings ratio of 18.73, and the stock has a price-to-earnings-to-growth ratio of 4.79. The beta value of the stock is 1.36.
The value of the shares on the market is around $4.72 billion. The company has experienced a moving average of $98 during the past 50 days. However, the weighted moving average over the past two hundred days is $105.05. On Tuesday, August 2, IPG Photonics (NASDAQ: IPGP) announced that it would be releasing the financial results of its most recent quarter.
The return on equity for IPG Photonics came in at 10.31%, and the net margin for the company was 17.91%. The amount of money earned through sales throughout the period came to a total of $377.02 million, which is greater than the consensus expectation of $373.26 million because it is a larger number. The corporation recorded a net income of $1.33 per share during the same period as the previous year. When compared to the previous fiscal year, the company’s sales achieved a 1.4% increase. Sell-side analysts predict IPG Photonics will earn 4.7 cents per share in 2018. According to previous news stories related to this topic, Timothy P. Mammen, Chief Financial Officer of IPG Photonics, purchased 3,000 shares of the company’s stock on June 16.
The stock was bought at an average price of $83.54 per share, which cost a total of $250,620.00. After the completion of the sale, the chief financial officer has gained direct ownership of 53,493 shares of the firm, which have a combined value of $4,468,805.22 at this time. The Securities and Exchange Commission notified of the transaction as a filing, accessed on this website. The file was submitted to the SEC in order to comply with the requirements of the transaction. On August 10, Valentin Gapontsev Trust, a significant shareholder, disposed of 5,000 of its holdings in the company through a stock sale. This information was included in a separate piece of news. The total amount obtained from the sale of the shares was $508,850.00, which comes out to $101.77 for each share sold. Upon completion of the transaction, the business insider now directly owns 7,429,599 shares, which are worth $756,110,290.23 in total.
Should you follow this link, you will be brought to the SEC filing in which the transaction was discussed in greater detail. Additionally, on Thursday, June 16, the company’s Chief Financial Officer, Timothy P. Mammen, bought 3,000 shares of stock in the company. As a direct result of the transaction, the chief financial officer now owns 53,493 business shares, which have a combined value of $4,468,805.22 in the current market.
You should look in this spot if you are looking for the disclosure that pertains to this transaction. In the most recent financial quarter, corporate insiders were responsible for the sale of 20,000 shares of company stock for a total of $1,999,750. These sales were made during the most recent fiscal quarter. Those who work for the company own a share of the company worth 33.50 percent of the total equity. Recently, there has been a notable increase in the number of institutional investors engaged in the purchasing and selling of IPGP shares. Covestor Ltd. increased its ownership of IPG Photonics by making an investment of about $26,000 during the fourth quarter of the fiscal year. During the first three months of the year, Signaturefd LLC saw an increase of 174.3% in the value of its holdings in IPG Photonics. SignatureFD LLC now has 384 shares of ownership in the company after purchasing an additional 244 shares of the semiconductor firm during the most recent quarter for a total cost of $42,000. It brings the total number of company ownership shares to 384. IPG Photonics was given a new investment by Cutler Group LP that had a value of roughly $43,000 during the first three months of 2018. During the second quarter, Quadrant Capital Group LLC saw a 195.1% rise in the amount of IPG Photonics stock it owned as a percentage of its total shares.
The semiconductor division of Quadrant Capital Group LLC currently has 478 shares of the stock held by the company after purchasing an additional 316 shares during the most recent fiscal quarter. The total value of these shares is forty-five thousand dollars. And finally, Atticus Wealth Management LLC made a $55,000 investment in IPG Photonics during the first three months of the year. This transaction was made during the first quarter of the year. A total of 66.65% of the company’s shares are held in ownership by institutional investors. IPG Photonics Corporation designs manufacture and distributes high-performance fiber lasers, fiber amplifiers, and diode lasers for various applications, most notably in the materials processing industry. These lasers are used in several different processes, such as cutting, welding, and grinding. These lasers have a wide range of applications that are applicable in several contexts all around the world.
Itron
According to MarketBeat, the twelve research firms currently monitoring Itron, Inc. (NASDAQ: ITRI) have collectively assigned the company a rating of “Hold” as their consensus recommendation for the stock. MarketBeat cites these research firms as saying they will continue monitoring the company.
Eight separate financial analysts have given the stock a rating of “hold,” while one of them has advocated purchasing the stock, and another has given it a strong buy recommendation. The previous year, brokerages issued an average price projection for the subsequent 12 months of $62.13 per share. Recently, ITRI has received input from a wide array of research businesses. In a research report released Tuesday, August 9, Cowen lowered their target price on Itron stock to $68.00.
JPMorgan Chase & Co. downgraded their rating on Itron shares from “overweight” to “neutral” and lowered their company price objective from $70.00 to $65.00. Both of these moves reflected the weaker expectations for Itron’s future performance. On Monday, August 8, a study note was made accessible to the general public. Piper Sandler gave Itron a “neutral” rating in a research note published on Tuesday, July 19. In addition, Piper Sandler dropped their price goal for the company from $51.00 down to $50.00.
In a research note issued on June 9, Morgan Stanley downgraded their rating on Itron shares from “equal weight” to “underweight” and decreased its price objective on the stock from $60.00 to $55.00. Last but not least, Bloomberg changed its recommendation for purchasing shares of Itron from “buy” to “hold” in a research note published on Friday, August 5. When trading started on Monday, ITRI was priced at $48.88 per share. 1.26 is the value shared by the debt-to-equity ratio, the current ratio, and the quick ratio.
The ratio of debt to equity is now at 0.40. The present price of the stock, which is trading at $50.94, is higher than its 50-day simple moving average of $50.62 and its 200-day simple moving average of $50.62. During the last year, Itron’s share price ranged from a record low of $43.18 to a record high of $86.49. According to the most recent financial statements, the company’s price-to-earnings ratio is 22.84, and its beta value is 1.24. The total value of the corporation, as measured by its market capitalization, is $2.21 billion. Itron (NASDAQ: ITRI) made public the results of its most recent fiscal quarter on Thursday, August 4, the day after the company’s earnings report.
The Scientific and Technical Instruments division posted earnings of $0.07 per share for the quarter, which was $0.14 lower than the $0.21 per share that analysts had anticipated would generate. On the other hand, the actual sales for the company came in at $431.88 million, which is significantly lower than the $488.53 million that the experts had estimated would be the company’s sales for the quarter. Itron’s business produced a return on equity of 4.45% and a net margin of 5.15% during the company’s fiscal year.
The company’s quarterly sales dropped by 11.8% when measured against the same period in the prior year’s financial reporting period. The company posted earnings of $0.28 per share during the same period the year before. According to projections offered by experts, Itron is expected to generate profits of $0.77 per share for the current fiscal year. Recently, several different hedge funds and institutional investors have increased the amount of ITRI stock they possess by purchasing additional shares or decreased the amount of ITRI stock they own by selling shares.
During the second quarter, EverSource Wealth Advisors LLC achieved a 105.3% rise in the number of shares of Itron that it held in its portfolio. After making an additional purchase of 358 shares during the most recent quarter, EverSource Wealth Advisors LLC now holds a total of 698 shares of the scientific and technical equipment company. There is a value of $34,000 associated with these shares. EverSource Wealth Advisors, LLC is our company’s name. Wolverine Asset Management LLC made a new investment of approximately $36,000 in Itron shares during the first three months of the year. During the second quarter, Nisa Investment Advisors LLC successfully increased the proportion of Itron stock it owns by 122.4%.
Following the acquisition of an additional 600 shares during the most recent quarter, Nisa Investment Advisors LLC now holds 1,090 shares of the scientific and technical instrument company’s stock. The current value of these shares on the market is equal to $54,000. US Bancorp DE grew its holdings in Itron by 30.7% during the first three months of 2018. US Bancorp DE now holds 1,040 shares of the company’s stock, with a market valuation of $54,000. It comes from the business having purchased an additional 244 shares during the most recent quarter.
And last, during the second quarter, Eagle Bay Advisors LLC made a 106.3% gain in the amount of Itron stock it owned, bringing its total percentage of ownership to 1. Eagle Bay Advisors LLC now owns 725 additional shares of the scientific and technical instrument stock, bringing the total number of shares owned by the company up to 1,407, valued at an additional $70,000. This increase in the value of the company’s stock is because Eagle Bay Advisors LLC has acquired these shares.
The company’s shares are currently held by institutional investors and hedge funds, which account for 99.15% of the total. Itron, Inc. is a global technology and services company that provides end-to-end solutions to manage operations in the energy, water, and smart city industries. These solutions are implemented anywhere in the world. The organization is broken down into three parts: Outcomes, Device Solutions, and Networked Solutions, respectively. In the area titled “Device Solutions,” you can find various types of hardware suitable for sensing, controlling, and measuring.
