By Louis Navellier for InvestorPlace

NEW YORK ( InvestorPlace) -- If you're looking to cash in on the tech boom, consider these 5 electronics company penny stocks. They aren't true penny stocks, because they trade 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

Advanced Photonix ( 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 with a gain of 10% for the Dow Jones Industrial Average. Impressively, this penny stock is up 60% over the past three months alone. Another important statistic worth noting is API's quarterly revenue, 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.
  • Related Article: 5 Hot Consumer Stocks to Buy
  • LRAD

    Based in California, LRAD ( 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 its 52-week high of $3.10. Buy this stock now.
  • Related Article: 5 Bargain Stocks for Less Than $5
  • RF Monolithics

    RF Monolithics ( 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. Lastly, RFMI is a penny stock worth buying, because it is currently trading very close to its 52-week high.
  • Related Article: 8 Dividend Picks Likely to Raise Yields Soon
  • If you liked this article you might like

    3 Electronics Stocks Driving The Industry Higher

    3 Stocks Pushing The Technology Sector Lower

    3 Stocks Pushing The Electronics Industry Lower

    3 Electronics Stocks Driving The Industry Higher

    3 Electronics Stocks Moving The Industry Upward