Methode Electronics (MEI)

• Market cap: $459M
• 1 day: -0.23%
• 5 days: 6.11%
• 1 month: 9.05%
• 3 months: 25.92%
• 6 months: -3.20%
• Year to date: 10.06%
• 1 year: -39.10%
• 5 years: -65.81%
• 10 years: -63.80%
• 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

7% more capital invested

Capital invested by funds: $369M [Q2] → $397M (+$27.3M) [Q3]

8% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 24

2% less funds holding

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

6.87% less ownership

Funds ownership: 100.83% [Q2] → 93.96% (-6.87%) [Q3]

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 23% upside
• Avg. target: $16 23% upside
• High target: $16 23% upside

1 analyst rating

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

Baird Luke Junk 54% 1-year accuracy 7 / 13 met price target

23% upside $16

Neutral Maintained

6 Dec 2024