Methode ElectronicsMEI
Market Cap: $343M
About: Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized into various business segments: Automotive, Industrial, Interface, and Medical. The Automotive segment which generates maximum revenue, supplies electronic and electro-mechanical devices and related products to automobiles. The products manufactured in the automotive segment include overhead and center consoles, hidden and ergonomic switches, insert molded components, LED-based lighting, and sensors. Geographically, the company generates maximum revenue from North America and the rest from Europe, the Middle East & Africa (EMEA), and Asia.
Employees: 7,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
2% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 58
9% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 44
2% less funds holding
Funds holding: 169 [Q1] → 165 (-4) [Q2]
2.62% less ownership
Funds ownership: 98.94% [Q1] → 96.32% (-2.62%) [Q2]
18% less capital invested
Capital invested by funds: $429M [Q1] → $353M (-$75.8M) [Q2]
58% less call options, than puts
Call options by funds: $620K | Put options by funds: $1.49M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Baird Luke Junk 45% 1-year accuracy 5 / 11 met price target | 33%upside $13 | Neutral Maintained | 6 Sept 2024 |
Financial journalist opinion
Based on 165 articles about MEI published over the past 30 days