Methode Electronics (MEI)

• Market cap: $433M
• 1 day: -0.82%
• 5 days: -6.54%
• 1 month: 34.55%
• 3 months: 4.11%
• 6 months: 21.14%
• Year to date: -45.52%
• 1 year: -44.67%
• 5 years: -69.20%
• 10 years: -65.88%
• Sector: Information Technology
• Industry: Electronic Connectors

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 Q3 regulatory filings by fund managers ($100M+ AUM)

13% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 55

8% more capital invested

Capital invested by funds: $366M [Q2] → $395M (+$29.5M) [Q3]

2% less funds holding

Funds holding: 166 [Q2] → 162 (-4) [Q3]

6.22% less ownership

Funds ownership: 99.92% [Q2] → 93.69% (-6.22%) [Q3]

15% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 26

79% less call options, than puts

Call options by funds: $227K | Put options by funds: $1.08M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $16 32% upside
• Avg. target: $16 32% upside
• High target: $16 32% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Baird Luke Junk 62% 1-year accuracy 8 / 13 met price target

32% upside $16

Neutral Maintained

6 Dec 2024