methode electronics, inc. (nyse: mei) is an international engineering company headquartered in chicago, il. methode was founded in 1946 as a single-product manufacturer and has since expanded its business into industrial design, distribution and professional services. here at methode, we utilize technical capabilities to develop custom-engineered application-specific products and solutions for a variety of markets and customers. this includes the industries of automotive, big data, white goods, aerospace & defense, consumer electronics and healthcare. for additional information, visit methode.com.
Company profile
Ticker
MEI
Exchange
Website
CEO
Donald Duda
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
ABAS, Inc. • Active Energy • Advanced Molding and Decoration S.A. de C.V. • Alsentis LLC • BMAC Limited • Dabir Surfaces, Inc. • Floduval S.A. • Grakon Parent, Inc. • Grakon Intermediate Holdings, LLC • Grakon, LLC ...
IRS number
362090085
MEI stock data
Latest filings (excl ownership)
8-K
Methode Electronics Announces CFO Transition Plan
8 Apr 24
8-K
Methode Electronics, Inc. Reports Fiscal 2024 Third Quarter Financial Results
7 Mar 24
10-Q
2024 Q3
Quarterly report
7 Mar 24
8-K
Methode Electronics Appoints Avi Avula as New CEO
19 Dec 23
10-Q
2024 Q2
Quarterly report
7 Dec 23
8-K
Methode Electronics, Inc. Reports Fiscal 2024 Second Quarter Financial Results
7 Dec 23
8-K
Departure of Directors or Certain Officers
18 Sep 23
10-Q
2023 Q1
Quarterly report
7 Sep 23
8-K
Methode Electronics, Inc. Reports Fiscal 2024 First Quarter Financial Results
7 Sep 23
DEFA14A
Additional proxy soliciting materials
31 Aug 23
Transcripts
MEI
Earnings call transcript
2024 Q3
7 Mar 24
MEI
Earnings call transcript
2024 Q2
7 Dec 23
MEI
Earnings call transcript
2024 Q1
7 Sep 23
MEI
Earnings call transcript
2023 Q4
22 Jun 23
MEI
Earnings call transcript
2023 Q3
9 Mar 23
MEI
Earnings call transcript
2023 Q2
1 Dec 22
MEI
Earnings call transcript
2023 Q1
1 Sep 22
MEI
Earnings call transcript
2022 Q4
23 Jun 22
MEI
Earnings call transcript
2022 Q3
3 Mar 22
MEI
Earnings call transcript
2022 Q2
2 Dec 21
Latest ownership filings
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
MASSACHUSETTS FINANCIAL SERVICES CO /MA/
9 Feb 24
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
9 Feb 24
SC 13G/A
FMR LLC
9 Feb 24
4
Avinash Avula
30 Jan 24
4
Janie Goddard
30 Jan 24
4
MARY A LINDSEY
30 Jan 24
4
Therese M Bobek
30 Jan 24
4
Brian J Cadwallader
30 Jan 24
3
Avinash Avula
30 Jan 24
Financial summary
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Diluted EPS |
Annual (USD) | Apr 23 | Apr 22 | May 21 | May 20 | |
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Revenue | |||||
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 122.50 mm | 122.50 mm | 122.50 mm | 122.50 mm | 122.50 mm | 122.50 mm |
Cash burn (monthly) | 8.47 mm | 591.67 k | 18.50 mm | 1.32 mm | 200.00 k | (no burn) |
Cash used (since last report) | 49.86 mm | 3.48 mm | 108.94 mm | 7.80 mm | 1.18 mm | n/a |
Cash remaining | 72.64 mm | 119.02 mm | 13.56 mm | 114.70 mm | 121.32 mm | n/a |
Runway (months of cash) | 8.6 | 201.2 | 0.7 | 86.6 | 606.6 | n/a |
Institutional ownership, Q3 2023
93.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 187 |
Opened positions | 25 |
Closed positions | 27 |
Increased positions | 78 |
Reduced positions | 62 |
13F shares | Current |
---|---|
Total value | 747.57 bn |
Total shares | 33.02 mm |
Total puts | 94.50 k |
Total calls | 63.70 k |
Total put/call ratio | 1.5 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 5.69 mm | $130.07 bn |
Vanguard | 4.67 mm | $106.73 bn |
FMR | 4.37 mm | $99.90 bn |
Dimensional Fund Advisors | 2.07 mm | $47.33 bn |
Earnest Partners | 1.61 mm | $36.76 bn |
STT State Street | 1.36 mm | $31.09 bn |
William Blair Investment Management | 1.08 mm | $24.79 bn |
Massachusetts Financial Services | 998.97 k | $22.83 bn |
MS Morgan Stanley | 797.36 k | $18.22 bn |
Geode Capital Management | 728.97 k | $16.66 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Jan 24 | Avinash Avula | Common Stock | Grant | Acquire A | No | No | 0 | 144,877 | 0.00 | 144,877 |
26 Jan 24 | Janie Goddard | Phantom Stock | Grant | Acquire A | Yes | No | 21.28 | 54.09 | 1.15 k | 8,276.88 |
26 Jan 24 | Lindsey Mary A | Phantom Stock | Grant | Acquire A | Yes | No | 21.28 | 74.26 | 1.58 k | 11,361.14 |
26 Jan 24 | Therese M Bobek | Phantom Stock | Grant | Acquire A | Yes | No | 21.28 | 74.26 | 1.58 k | 11,361.14 |
News
Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks With Over 4% Dividend Yields
15 Apr 24
Jefferies Initiates Coverage On Methode Electronics with Hold Rating, Announces Price Target of $12
9 Apr 24
Methode Electronics Says CFO Ronald Tsoumas Is Retiring From Company Effective July 12, 2024
8 Apr 24
Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-Dividend Yields
15 Mar 24
S&P 500 Gains 1%; Kroger Earnings Top Views
7 Mar 24
Press releases
Methode Electronics Announces CFO Transition Plan
8 Apr 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Methode Electronics Inc. - MEI
31 Mar 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Methode Electronics Inc. - MEI
27 Mar 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Methode Electronics Inc. - MEI
23 Mar 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Methode Electronics Inc. - MEI
19 Mar 24