Sectors & IndustriesTechnologyComputer Hardware

Best Computer Hardware Stocks to Buy Now (2022)

Top computer hardware stocks in 2022 ranked by overall Zen Score. See the best computer hardware stocks to buy now, according to analyst forecasts for the computer hardware industry.

According to Zen Score, the 3 best computer hardware stocks to buy right now are:

Super Micro Computer (NASDAQ:SMCI) is the top computer hardware stock with a Zen Score of 70, which is 32 points higher than the computer hardware industry average of 38. It passed 23 out of 33 due diligence checks and has strong fundamentals. Super Micro Computer has seen its stock return 68.26% over the past year, overperforming other computer hardware stocks by 97 percentage points.

Super Micro Computer has an average 1 year price target of $55.00, a downside of -10.5% from Super Micro Computer's current stock price of $61.45.

Super Micro Computer stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Super Micro Computer, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Seagate Technology Holdings (NASDAQ:STX) is the second best computer hardware stock with a Zen Score of 65, which is 27 points higher than the computer hardware industry average of 38. It passed 23 out of 38 due diligence checks and has strong fundamentals. Seagate Technology Holdings has seen its stock lose -30.89% over the past year, underperforming other computer hardware stocks by -2 percentage points.

Seagate Technology Holdings has an average 1 year price target of $78.94, an upside of 41.71% from Seagate Technology Holdings's current stock price of $55.71.

Seagate Technology Holdings stock has a consensus Hold recommendation according to Wall Street analysts. Of the 21 analysts covering Seagate Technology Holdings, 19.05% have issued a Strong Buy rating, 9.52% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 4.76% have issued a Strong Sell.

Logitech International Sa (NASDAQ:LOGI) is the third best computer hardware stock with a Zen Score of 61, which is 23 points higher than the computer hardware industry average of 38. It passed 22 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock lose -46.19% over the past year, underperforming other computer hardware stocks by -18 percentage points.

Logitech International Sa has an average 1 year price target of $78.75, an upside of 67.41% from Logitech International Sa's current stock price of $47.04.

Logitech International Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Logitech International Sa, 60% have issued a Strong Buy rating, 20% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

Out of 6 computer hardware stocks that have issued dividends in the past year, the 3 computer hardware stocks with the highest dividend yields are:

Seagate Technology Holdings (NASDAQ:STX) has an annual dividend yield of 5.03%, which is 2 percentage points higher than the computer hardware industry average of 2.93%. Seagate Technology Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Seagate Technology Holdings's dividend has shown consistent growth over the last 10 years.

Seagate Technology Holdings's dividend payout ratio of 36.9% indicates that its high dividend yield is sustainable for the long-term.

Hp (NYSE:HPQ) has an annual dividend yield of 3.78%, which is 1 percentage points higher than the computer hardware industry average of 2.93%. Hp's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Hp's dividend has shown consistent growth over the last 10 years.

Hp's dividend payout ratio of 16.7% indicates that its dividend yield is sustainable for the long-term.

Netapp (NASDAQ:NTAP) has an annual dividend yield of 2.99%, which is the same as the computer hardware industry average of 2.93%. Netapp's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Netapp's dividend has shown consistent growth over the last 10 years.

Netapp's dividend payout ratio of 46.9% indicates that its dividend yield is sustainable for the long-term.

Computer hardware stocks were down -0.21% in the last day, and up 6.55% over the last week. Seagate Technology Holdings was the among the top losers in the computer hardware industry, dropping -2.99% yesterday.

Seagate shares are trading lower after Benchmark lowered its 2023 EPS forecast.

Based on WallStreetZen's Valuation Score, the 3 most undervalued computer hardware stocks right now are:

Super Micro Computer (NASDAQ:SMCI) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Super Micro Computer has a valuation score of 86, which is 44 points higher than the computer hardware industry average of 42. It passed 6 out of 7 valuation due diligence checks.

Super Micro Computer's stock has gained 68.26% in the past year. It has overperformed other stocks in the computer hardware industry by 97 percentage points.

Western Digital (NASDAQ:WDC) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Western Digital has a valuation score of 86, which is 44 points higher than the computer hardware industry average of 42. It passed 6 out of 7 valuation due diligence checks.

Western Digital's stock has dropped -34.33% in the past year. It has underperformed other stocks in the computer hardware industry by -6 percentage points.

Seagate Technology Holdings (NASDAQ:STX) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Seagate Technology Holdings has a valuation score of 71, which is 29 points higher than the computer hardware industry average of 42. It passed 5 out of 7 valuation due diligence checks.

Seagate Technology Holdings's stock has dropped -30.89% in the past year. It has underperformed other stocks in the computer hardware industry by -2 percentage points.