The stock market can be a scary place at times. It’s not uncommon to see the market take a tumble, especially when it seems like all of the news is bad. Some financial analysts have dubbed the “third great correction” the recent selloff. However, even in these trying times, there are still plenty of individual stocks worth buying and keeping long-term.
It’s been a rough time for electronics stocks. The sector has lagged significantly recently, as investors have grown concerned about peak smartphone adoption and competition from high-end luxury vendors. But that doesn’t mean there aren’t opportunities within the electronic equipment industry. On the contrary, a handful of outliers are thriving right now.
Electronic equipment stocks are one example, as this industry segment has seen numerous growth opportunities in recent years. Many stocks within this category stand to benefit from this tailwind and help you achieve your long-term investing goals. These stocks may not be as well-known as Apple or Microsoft , but they offer something different than those companies provide. Here are two electronic equipment stocks worth buying right now.
According to Bloomberg, the six research firms presently keeping an eye on Knowles Co. (NYSE: KN) have given the company an average rating of “Hold” for their company coverage. One of the analysts has assigned a buy rating to the stock, while the other four have maintained a hold rating.
There are a total of three of these caps. Numerous research analyst studies have been conducted on Ready to RunKN due to their popularity. The rating for Knowles on TheStreet was lowered from a “b” to a “c+” in an article published on May 11. A research report distributed on August 4 rated Knowles as having a “hold” rating, which is a downgrade from the “buy” recommendation that Bloomberg had previously assigned to the company.
Last but not least, in a research note published on Wednesday, August 3, Roth Capital altered their rating for the business from “buy” to “neutral” and decreased their target price for Knowles from $20.00 to $17.00. When the market opened on Monday, shares of NYSE KN were priced at $15.93 per share. The current price-to-earnings ratio for the company is -13.50, it has a beta value of 1.36, and it is now valued at $1.46 billion by the market. Over the preceding twelve months, the cost of one share of Knowles has been anywhere from $15.40 to $23.81 per share. There is a quick ratio of 1.27, a current ratio of 2.54, and a debt-to-equity ratio of 0.06. These numbers are presented below.
Knowles (NYSE: KN) released its most recent earnings report on Tuesday, August 2, after the market closed. The company’s stock price was last seen trading at $17.48, which is lower than its 200-day simple moving average price of $19.13. The communications equipment maker reported earnings per share for the quarter as $0.25, an increase of $0.01 from the consensus estimate of $0.24. Although the company had a negative net margin of 12.20 percent, Knowles was nevertheless able to achieve a return on equity of 9.12 percent. The actual quarterly revenues for the company came in at $188 million, which is much lower than the estimates made by the analysts, who anticipated that the company would bring in $200 million in revenue during the period that was in question. According to the average of the projections made by Knowles’ investors, they anticipate that the business will earn $0.97 per share during the current fiscal year.
Over the past few months, several large investors have modified their portfolio holdings of KN by either increasing or decreasing the total quantity of the asset. The first three months of 2018 were spent by C.M. Bidwell & Associates Ltd. acquiring a new position in Knowles, estimated to be worth approximately $42,000. During the first three months of 2018, Meeder Asset Management Inc. bought a new stake in Knowles. The transaction cost about $43,000 in cash.
During the second quarter, Quadrant Capital Group LLC accomplished a growth of 226.7% in the proportion of Knowles stock it possessed. Quadrant Capital Group LLC now owns 2,081 shares of the communications equipment provider’s stock after buying an additional 1,444 shares during the most recent quarter.
Each share of this company’s stock is estimated to be worth $36,000, and the company has a market capitalization of $36,000. A gain of 65.5% in Captrust Financial Advisors’ holding of Knowles was realized over the year’s first three months. After buying an extra 1,188 shares during the last quarter, Captrust Financial Advisors now has a total of 3,003 shares of the communications equipment provider’s stock, worth $65,000. These shares were acquired through the process of purchasing. As a final point of interest, Eagle Bay Advisors LLC increased the percentage of Knowles stock owned by 97.2% during the second quarter of this year.
Eagle Bay Advisors LLC now has a total of 3,706 shares of the communications equipment supplier’s stock, which is worth a total of $64,000 due to the purchase of an additional 1,827 shares during the past quarter. At this time, hedge funds and other types of institutional investors together hold the stock for 99.90% of its entire value. Knowles Corporation designs and makes balanced armature speakers, micro-acoustic microphones, high-performance capacitors, and audio solutions for various markets, such as consumer electronics, Medtech, the military, electric vehicles, industrial, and communications. Some of the other products that they produce include high-performance capacitors. It has two parts: the division of audio devices (AD) and precision devices (PD).
The price target Benchmark’s equity analysts have set for Plexus (NASDAQ: PLXS) has increased from $101.00 to $105.00 due to a research note released on Monday. It was The Fly that provided us with the information. The benchmark price goal suggests that there is room for an increase of 11.38 percent above the current price of the stock compared to the objective’s current price. In academic articles over the past few years, PLXS has been the subject of many discussions.
In a research note published on Friday, August 12, they dropped their recommendation on Plexus from “neutral” to “underweight” in a research note published on August 12, and they set their price objective for the stock at $85.00. In a research note published on Tuesday, June 7, Raymond James upgraded Plexus’ rating to “outperform,” and the company’s price objective was boosted to $100.00 due to the upgrade. “Market Perform” was the grade that was given to Plexus.
Three analysts have recommended the purchase of the company’s stock, while one has categorized it as a hold, and one has suggested that the shares be sold. According to the data made available by MarketBeat, the organization is now assessed as having a consensus “Hold” rating and has a price target of $95.00 on average. PLXS stock officially started trading for the first time on Monday for $94.27 a share. During this period, Plexus experienced a 52-week low of $72.88 and a 52-week high of $99.11. The moving averages for the previous 50 days for the company are $86.36, and the moving averages for the previous 200 days are $83.34. A debt-to-equity ratio comes in at 0.17, a quick ratio that comes in at 0.59, a current ratio that comes in at 1.43, and a quick ratio that comes in at 0.59. The company is estimated to be worth $2.61 billion, while its price-to-earnings ratio is 22.13 and its beta value is 1.14.
The firm’s beta value indicates that it is relatively risky. On Wednesday, July 27, Plexus (NASDAQ: PLXS) shared the company’s most recent quarterly financial data with the public. The company specializing in information technology reported an earnings per share figure for the quarter that was $1.33, which was $0.23 higher than the average prediction of $1.10. During the course of its operations, Plexus’s business produced a net margin of 3.43% and an equity return of 11.79%. The company announced revenue for the quarter of $981 million, which is significantly more than the average expectation for sales for the period, which was $906.32 million.
The corporation made a profit of $0.99 per share during the same period the year before, compared to the current year. According to the majority opinion of the industry experts surveyed, Plexus is expected to generate $4.44 per share in 2018. On August 18, another significant piece of information is that the company’s Chief Executive Officer, Todd P. Kelsey, sold 3,000 of the company’s shares of stock.
As a direct result of the transaction, the Chief Executive Officer now owns 16,451 company shares, the total value of which is $1,612,198. One can acquire access to the document that gives further information on the transaction by going to the website of the Securities and Exchange Commission (SEC). On Monday, June 6, Chief Administrative Officer Angelo Michael Ninivaggi, Jr. sold 550 shares of the company’s stock, which brings us to another fresh piece of information about Plexus.
The stock was sold at a volume equal to $46,156 worth of shares at an average price of $83.92 per share, which resulted in the total transaction amount being $46,156. According to information in a document submitted to the Securities and Exchange Commission (SEC), which can be seen by following this link, the chief accounting officer currently directly controls 32,210 shares in the company, which have a value of approximately $2,703,063.20. This information can be seen. Additionally, on August 18, Todd P. Kelsey, the company’s Chief Executive Officer, sold 3,000 of the company’s shares of stock. The price received for each share was $98.00 on average, which brought the total value of the transaction to $294,000.00. Following the completion of the acquisition, the CEO now possesses a total of 16,451 shares in the company.
Based on their current market price, these shares are projected to be worth $1,612,198. Disclosures that are related to the sale might be found in this section of the website. In the past ninety days, the business’s insiders have sold 22,594 company stock at a total price of $2,095,874, thus generating net proceeds of $2,095,874. Company insiders own the company’s total equity to the extent of 2.17%. Several major financial institutions recently changed the number of assets they owned in the company. This change was made in response to the recent stock price increase.
Through the second quarter, Captrust Financial Advisors was able to amass an additional 156.6% of the total number of shares of Plexus common stock. Captrust Financial Advisors now holds 5,263 technology company shares after purchasing an additional 3,212 shares during the most recent quarter for a total of 5,263 shares. The value of these shares on the market now is equal to $413,000 total. Dean Investment Associates LLC boosted its stake in Plexus during the second quarter by 3.0%. The technology firm now has 10,648 shares of the stock held by the technology firm, valued at $836,000, after purchasing an additional 315 shares throughout the day.
During the second quarter of this year, Goldman Sachs Group Inc. increased its holdings of Plexus stock by 28.3 percent. Following the purchase of an additional 7,941 shares during the quarter, Goldman Sachs Group Inc. now holds a total of 36,004 shares of the technology company’s stock, which is currently valued at $2,827,000. During the second quarter, Jane Street Group LLC boosted its stake in Plexus shares by a percentage equivalent to 63.1 percent. At the end of the most recent fiscal quarter, Jane Street Group LLC directly owned 22,056 technology company shares.
The value of these shares at the time of the most recent accounting period’s close was $1,731,000. And finally, during the second quarter of the year, Tamarack Advisers LP increased the proportion of Plexus shares it held in its portfolio by an additional 20.0%. After making an additional purchase of 1,000 shares during the quarter, Tamarack Advisers LP is currently the direct owner of a total of 6,000 shares of the common stock of the technology firm. These 6,000 shares have a combined value of $475,000, making up the whole value of this investment. Institutional investors and hedge funds own 94.92% of the total number of shares issued by the firm.
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