6 Electronics Penny Stocks to Buy

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Penny stock investing doesn't have to always involve high risk and unfounded companies. There are a number of the best stock picks trading for just a few dollars a share that have proven fundamentals, a good track record for shares and the backing of a major exchange instead of a pink sheets listing.

If you're looking to cash in on the tech boom, consider these 5 penny stock electronics companies to buy now. Each one isn't a true penny stock, since it trades for more than a dollar a share,  but all are incredibly affordable and have offered investors breakout growth recently.

Here are my five penny stocks to buy this week:

Advanced Photonix Inc. ( API )

Advanced Photonix Inc. (AMEX: API ) develops and manufactures optoelectronic devices and systems. That's a fancy way of saying it makes parts for an array of devices that deal with light and UV waves, from liquid crystal displays to lasers to solar cells. API is a supplier, and mainly works with global manufacturers from various industries instead of creating complete devices on its own.  Over the past 12 months, API stock has jumped +119% compared to a gain of +10% for the Dow Jones. Impressively, this penny stock is up +60% over the past three months alone. Another important statistic worth noting is API's quarterly revenue growth, which is up +29%, year-over-year. API trades near its 52-week high with a range of 41 cents to $2.18 so now may be a time to buy before another leg up.

LRAD ( LRAD )

Based in California, LRAD (NASDAQ: LRAD ) designs, develops and sells sound technologies and products. LRAD is known by many as American Technology Company, which is its former name. Since last January, LRAD stock has climbed +74%, compared to smaller gains by the broader markets. After slipping slightly in late September, LRAD stock is up +45% over the past three months. LRAD is also just off from its 52-week high of $3.10. Buy this stock now.

RF Monolithics Inc. ( RFMI )

RF Monolithics Inc. (NASDAQ: RFMI ) is a designer, developer and manufacturer of wireless connectivity products. RFMI has posted large gains over the past 12 months, and in that time the penny stock is up +76%. More recently, RFMI has gained +69% over the past two weeks. Likewise, RFMI posted a quarterly revenue growth of +14%, year-over-year, in its last income statement. Finally, RFMI is a penny stock worth buying, because it is currently trading very close to its 52-week high.

Pinnacle Data Systems ( PNS )

Headquartered in Ohio, Pinnacle Data Systems (AMEX: PNS ) provides services and products to original equipment manufacturers in the computer industry. The company deals with clients across the globe. Over the past 52-weeks PNS has posted enormous gains of +175%, compared to much smaller gains by the broader markets. Over the past three months, the penny stock is up +13% as well. Importantly, PNS is trading at more than three times its 52-week low of 42 cents, and looks poised for further growth.

Eltek Ltd. ( ELTK )

Based in Isreal, Eltek Ltd. (NASDAQ: ELTK ) is a manufacturer and supplier of custom made circuitry used in electronic products. ELTK stock had faltered in the middle of 2010, but has regained nicely and is up +32% over the past three months. Importantly, +11% of those gains have occurred in the last month. ELTK may not have posted the same types of gains as other penny stocks on this list, but with a 52-week range of 84 cents to $1.82, ELTK has the potential to bring big gains to your portfolio. It is not far removed from its 52-week high.

RAE Systems Inc. (RAE)

RAE Systems Inc. (AMEX: RAE ) develops and manufactures chemical and radiation detection monitors, and rounds out my list of top electronics penny stocks to buy this week. Its products are used in the following industries: oil and gas, hazardous material management, industrial safety, civil defense and environmental remediation. Since the beginning of August, this penny stock has skyrocketed +121%. It is also important to note that RAE posted a quarterly revenue growth of +25% in its last income statement. Buy RAE stock now is it approaches its 52-week high.

As of this writing, Louis Navellier did not own a position in any of the stocks named here.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: API , ELTK , LRAD , PNS , RFMI

Louis Navellier

Louis Navellier

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