Zacks Industry Outlook Highlights OSI Systems, TTM Tech and American Superconductor

Zacks12-06

For Immediate Release Chicago, IL – December 6, 2024 – Today, Zacks Equity Research discusses OSI Systems OSIS, TTM Technologies TTMI and American Superconductor AMSC. Industry: Electronics Components...

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Industry players like OSI Systems, TTM Technologies and American Superconductor are well-poised to benefit from the solid adoption of AI and the democratization of IoT, which are transforming robotics, industrial automation, transportation systems, retail and healthcare.Miniaturization Remains a Key Lever: The industry participants are benefiting from the ongoing transition in semiconductor manufacturing technology. Demand for advanced packaging, enabling the miniaturization of electronic products, remains strong. The consistent shift to smaller dimensions, the rapid adoption of device architectures like FinFET transistors and 3D-NAND, and ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VOO":"Vanguard标普500ETF","BK4588":"碎股","UPRO":"三倍做多标普500ETF","TTM":"塔塔汽车","SSO":"两倍做多标普500ETF","OSIS":"OSI Systems","BK4591":"室温超导概念","BK4534":"瑞士信贷持仓","SPXU":"三倍做空标普500ETF","BK4523":"印度概念","BK4157":"电子设备和仪器","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","LU1923622291.USD":"Natixis Thematics Safety R/A USD","BK4559":"巴菲特持仓","SDS":"两倍做空标普500ETF","AMSC":"美国超导","BK4550":"红杉资本持仓","BK4585":"ETF&股票定投概念",".SPX":"S&P 500 Index","OEX":"标普100","BK4581":"高盛持仓","BK4512":"苹果概念","BK4504":"桥水持仓","BK4096":"电气部件与设备","BK4099":"汽车制造商","SH":"标普500反向ETF","IVV":"标普500指数ETF","TTMI":"TTM科技","OSI":"Osiris Acquisition Corp","BK4145":"电子制造服务"},"translate_title":"Zacks行业展望重点介绍OSI Systems、TTM Tech和American Superconductor","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMSC":1,"TTMI":1,"TTM":1,"OSIS":1,"OSI":1,"VOO":0.89,"SPY":0.89,".SPX":0.6,"UPRO":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"OEX":0.6,"OEF":0.6,"IVV":0.6,"ESmain":0.6},"content_text":"For Immediate Release\nChicago, IL – December 6, 2024 – Today, Zacks Equity Research discusses OSI Systems OSIS, TTM Technologies TTMI and American Superconductor AMSC.\nIndustry: Electronics Components\nLink: https://www.zacks.com/commentary/2379602/electronics-components-industry-prospect-bright-3-stocks-to-buy\nThe Zacks Electronics - Miscellaneous Components industry is benefiting from the ongoing automation drive and increased spending by manufacturers of semiconductors, automobiles, machinery and mobile phones. Industry players like OSI Systems, TTM Technologies and American Superconductor are well-poised to benefit from the solid adoption of AI and the democratization of IoT, which are transforming robotics, industrial automation, transportation systems, retail and healthcare.\nEasing supply-chain constraints are benefiting industry participants. However, a challenging global macroeconomic environment and end-market volatility are concerning for the industry. Persistent inflation, growing geo-political tensions and foreign-currency headwinds are taking a toll on the industry players.\nIndustry Description\nThe Zacks Electronics - Miscellaneous Components industry primarily comprises companies providing various accessories and parts used in electronic products. The industry participants’ offerings include power control and sensor technologies to mitigate equipment damage, testing products for safety, and advanced medical solutions. They cater to varied end markets, such as telecommunications, automotive electronics, medical devices, industrial, transportation, energy harvesting, defense and aerospace electronic systems, and consumer electronics. Customers in this industry are mainly original equipment manufacturers, independent electronic component distributors and electronic manufacturing service providers.\n3 Trends Shaping the Future of Electronics - Miscellaneous Components Industry\nAutomation Boom a Tailwind: The requirement for faster, more powerful and energy-efficient electronics leads to increased automation. Control systems, such as computers, and robots and information technologies for handling different processes and machinery are driving the industry. The growing installation of collaborative robots, which add efficiency to production processes by working with production workers, will benefit the industry participants. IoT-supported factory automation solutions are other contributing factors. The evolution of smart cars and autonomous vehicles is expected to drive growth for the industry.\nMiniaturization Remains a Key Lever: The industry participants are benefiting from the ongoing transition in semiconductor manufacturing technology. Demand for advanced packaging, enabling the miniaturization of electronic products, remains strong. The consistent shift to smaller dimensions, the rapid adoption of device architectures like FinFET transistors and 3D-NAND, and the increasing utilization of new manufacturing materials to increase transistor and bit density are driving the demand for solutions provided by industry players.\nGeo-political Tensions Are Worrisome: The ongoing Russia-Ukraine war and, the souring relationship between the United States and China are headwinds. Increasing dependency on AI-backed electronic devices on semiconductors and current restrictions ordered by the United States on trading with China, which remains the main hub for chip production, is a significant negative for the underlined industry.\nZacks Industry Rank Indicates Bright Prospects\nThe Zacks Electronics – Miscellaneous Components industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #44, which places it in the top 18% of more than 250 Zacks industries.\nThe group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.\nBefore we present a few stocks worth considering for your portfolio, let us look at the industry’s recent stock-market performance and the valuation picture.\nIndustry Underperforms S&P 500 & Sector\nThe Zacks Electronics - Semiconductors industry has underperformed the Zacks S&P 500 composite and the broader Zacks Computer and Technology sector in the past year.\nThe industry has returned 19.4% over this period compared with the S&P 500’s appreciation of 38.4% and the broader sector’s rally of 33.4%.\nIndustry's Current Valuation\nBased on the forward 12-month price to earnings (P/E), a commonly-used multiple for valuing electronics - miscellaneous components stocks, the industry is currently trading at 21X compared with the S&P 500’s 22.65X and the sector’s 27.02X.\nIn the past five years, the industry has traded as high as 27.04X and as low as 15.98X, with a median of 21.39X.\n3 Electronics - Miscellaneous Components Stocks to Buy\nAmerican Superconductor: This Ayer, MA-based company’s dominance in alternative energy solutions has been pivotal. Its cutting-edge offerings, from grid interconnection systems to high-temperature superconductor cables, cater to the surging demand for renewable energy and grid modernization. As the transition to green energy gains momentum, AMSC is well-positioned to ride this wave.\nThis Zacks Rank #1 (Strong Buy) company’s portfolio addresses key sectors like wind energy, marine systems and power grid resilience. These industries are booming due to the increasing global focus on clean energy and energy efficiency. You can see the complete list of today’s Zacks #1 Rank stocks here.\nAmerican Superconductor has appreciated 216.2% in the year-to-date period. The Zacks Consensus Estimate for AMSC’s fiscal 2025 earnings has been steady at 50 cents per share in the past 30 days.\nTTM Technologies: This Santa Ana, CA-based company is benefiting from strong demand for its solutions in aerospace and defense and data center computing end markets.\nTTMI ended the third quarter of 2024 with a record program backlog of roughly $1.49 billion in the aerospace and defense market. Acquisitions of Anaren and Telephonics are helping TTM generate more than 50% of revenues from engineered and integrated electronic products in the aerospace and defense market, simultaneously expanding its operating margin.\nTTM shares have returned 55.8% year to date. The Zacks Consensus Estimate for 2024 earnings has been steady at $1.59 per share in the past 30 days.\nOSI Systems: This Hawthorne, CA-headquartered company is a vertically integrated designer and manufacturer of specialized electronic systems and components. Its products are primarily utilized for critical homeland security, healthcare, defense and aerospace applications.\nOSI is riding on its strong portfolio of security screening solutions. Its strong contract wins for mobile cargo, vehicle inspection, and advanced security inspection technology and services are major positives.\nThis Zacks Rank #2 (Buy) company benefits from its strengthening optoelectronics business. OSI’s growing customer base across multiple industries bodes well for long-term prospects.\nOSI Systems has returned 39.9% in the year-to-date period. The Zacks Consensus Estimate for OSIS’ fiscal 2025 earnings has been revised upward by a penny to $9.13 per share over the past 30 days.\nWhy Haven't You Looked at Zacks' Top Stocks?\nSince 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.\nToday you can access their live picks without cost or obligation.\nSee Stocks Free >>\nMedia Contact\nZacks Investment Research\n800-767-3771 ext. 9339\nsupport@zacks.com\nhttps://www.zacks.com\nPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmerican Superconductor Corporation (AMSC) : Free Stock Analysis Report\nTTM Technologies, Inc. (TTMI) : Free Stock Analysis Report\nOSI Systems, Inc. (OSIS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489289363"}