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Best Computer Hardware Stocks to Buy Now (2023)
Top computer hardware stocks in 2023 ranked by overall Zen Score. See the best computer hardware stocks to buy now, according to analyst forecasts for the computer hardware industry.

Industry: Computer Hardware
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ANET
ARISTA NETWORKS INC
NYSE
Computer Hardware
$56.58B$182.75-1.13%$2.09B32.87x0.40
NTAP
NETAPP INC
NASDAQ
Computer Hardware
$15.88B$76.080.05%$1.29B13.56x9.62
LOGI
LOGITECH INTERNATIONAL SA
NASDAQ
Computer Hardware
$11.35B$71.80-0.26%$515.42M35.37x0.55
SMCI
SUPER MICRO COMPUTER INC
NASDAQ
Computer Hardware
$12.86B$243.07-1.89%$796.06M20.11x0.86
CRSR
CORSAIR GAMING INC
NASDAQ
Computer Hardware
$1.53B$14.920.13%$48.22M298.40x1.00
HPQ
HP INC
NYSE
Computer Hardware
$26.74B$27.06-1.85%$4.07B11.47x-17.32
AGMH
AGM GROUP HOLDINGS INC
NASDAQ
Computer Hardware
$42.96M$1.63-3.78%$25.52M1.87x2.88
CRCT
CRICUT INC
NASDAQ
Computer Hardware
$1.96B$8.90-1.44%$100.17M40.45x0.86
NNDM
NANO DIMENSION LTD
NASDAQ
Computer Hardware
$708.49M$2.748.30%-$62.84M-4.98x0.04
KTCC
KEY TRONIC CORP
NASDAQ
Computer Hardware
$46.71M$4.34-3.98%$24.85M9.23x2.34
MKFG
MARKFORGED HOLDING CORP
NYSE
Computer Hardware
$254.54M$1.29-1.53%-$60.15M-3.49x0.39
SSYS
STRATASYS LTD
NASDAQ
Computer Hardware
$835.22M$12.45-0.56%$15.94M-19.15x0.33
CAN
CANAAN INC
NASDAQ
Computer Hardware
$342.85M$1.81-2.69%N/A-1.09x0.26
RGTI
RIGETTI COMPUTING INC
NASDAQ
Computer Hardware
$231.40M$1.74-2.79%-$66.41M-2.60x0.42
TACT
TRANSACT TECHNOLOGIES INC
NASDAQ
Computer Hardware
$66.32M$6.660.15%$7.65M13.88x0.47
STRC
SARCOS TECHNOLOGY & ROBOTICS CORP
NASDAQ
Computer Hardware
$19.40M$0.751.35%-$164.00M-0.11x0.22
DELL
DELL TECHNOLOGIES INC
NYSE
Computer Hardware
$49.87B$68.94-1.37%$8.54B26.02x-31.87
DM
DESKTOP METAL INC
NYSE
Computer Hardware
$497.53M$1.54-1.28%-$418.42M-1.03x0.52
IONQ
IONQ INC
NYSE
Computer Hardware
$3.00B$14.80-6.21%-$106.68M-25.52x0.10
FATH
FATHOM DIGITAL MANUFACTURING CORP
NYSE
Computer Hardware
$40.55M$0.30-5.08%-$514.25MN/A4.06
OSS
ONE STOP SYSTEMS INC
NASDAQ
Computer Hardware
$33.28M$1.62-2.41%$84.02k-5.59x0.27
DDD
3D SYSTEMS CORP
NYSE
Computer Hardware
$647.36M$4.85-1.82%-$81.19M-5.16x1.01
PSTG
PURE STORAGE INC
NYSE
Computer Hardware
$11.14B$35.71-0.75%$141.80MN/A2.18
SCKT
SOCKET MOBILE INC
NASDAQ
Computer Hardware
$8.86M$1.211.26%-$1.13M-5.26x0.51
WDC
WESTERN DIGITAL CORP
NASDAQ
Computer Hardware
$14.69B$45.653.94%-$420.00M-8.39x1.17
QMCO
QUANTUM CORP
NASDAQ
Computer Hardware
$68.52M$0.72-5.38%-$14.29M-1.80x-3.24
ALOT
ASTRONOVA INC
NASDAQ
Computer Hardware
$95.85M$12.91-2.20%$7.96M107.58x0.57
INVE
IDENTIV INC
NASDAQ
Computer Hardware
$194.52M$8.41-2.44%-$237.00k-46.72x0.50
RCAT
RED CAT HOLDINGS INC
NASDAQ
Computer Hardware
$54.14M$0.97-3.66%-$27.78M-1.80x0.08
SGE
STRONG GLOBAL ENTERTAINMENT INC
NYSEMKT
Computer Hardware
$14.36M$2.01-1.71%$4.85MN/A3.68
UAVS
AGEAGLE AERIAL SYSTEMS INC
NYSEMKT
Computer Hardware
$23.22M$0.214.43%-$50.20M-0.33x0.26
QUBT
QUANTUM COMPUTING INC
NASDAQ
Computer Hardware
$83.95M$1.13-1.74%-$33.63M-2.09x0.15
VLD
VELO3D INC
NYSE
Computer Hardware
$293.15M$1.490.00%-$105.08M-2.48x0.87
EBON
EBANG INTERNATIONAL HOLDINGS INC
NASDAQ
Computer Hardware
$48.16M$7.36-2.71%N/A-1.09x0.05
VJET
VOXELJET AG
NASDAQ
Computer Hardware
$10.14M$1.11-3.14%-$1.84M-0.67x1.26
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
NASDAQ
Computer Hardware
$13.61B$65.631.17%$330.00M-25.64x-7.30
QBTS
D-WAVE QUANTUM INC
NYSE
Computer Hardware
$134.40M$0.92-2.84%-$71.07M-1.49x-1.89

Computer Hardware Stocks FAQ

What are the best computer hardware stocks to buy right now in Sep 2023?

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

1. Arista Networks (NYSE:ANET)


Arista Networks (NYSE:ANET) is the top computer hardware stock with a Zen Score of 53, which is 22 points higher than the computer hardware industry average of 31. It passed 18 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 60.21% over the past year, overperforming other computer hardware stocks by 11 percentage points.

Arista Networks has an average 1 year price target of $204.25, an upside of 11.76% from Arista Networks's current stock price of $182.75.

Arista Networks stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Arista Networks, 62.5% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Netapp (NASDAQ:NTAP)


Netapp (NASDAQ:NTAP) is the second best computer hardware stock with a Zen Score of 53, which is 22 points higher than the computer hardware industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Netapp has seen its stock return 14.75% over the past year, underperforming other computer hardware stocks by -34 percentage points.

Netapp has an average 1 year price target of $79.87, an upside of 4.98% from Netapp's current stock price of $76.08.

Netapp stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Netapp, 20% have issued a Strong Buy rating, 20% have issued a Buy, 53.33% have issued a hold, while 6.67% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the third best computer hardware stock with a Zen Score of 52, which is 21 points higher than the computer hardware industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 51.09% over the past year, overperforming other computer hardware stocks by 2 percentage points.

Logitech International Sa has an average 1 year price target of $74.60, an upside of 3.9% from Logitech International Sa's current stock price of $71.80.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Logitech International Sa, 20% have issued a Strong Buy rating, 0% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the computer hardware stocks with highest dividends?

Out of 4 computer hardware stocks that have issued dividends in the past year, the 3 computer hardware stocks with the highest dividend yields are:

1. Hp (NYSE:HPQ)


Hp (NYSE:HPQ) has an annual dividend yield of 3.88%, which is 2 percentage points higher than the computer hardware industry average of 2.36%. 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 44% indicates that its dividend yield is sustainable for the long-term.

2. Netapp (NASDAQ:NTAP)


Netapp (NASDAQ:NTAP) has an annual dividend yield of 2.63%, which is the same as the computer hardware industry average of 2.36%. 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 35.7% indicates that its dividend yield is sustainable for the long-term.

3. Dell Technologies (NYSE:DELL)


Dell Technologies (NYSE:DELL) has an annual dividend yield of 1.55%, which is -1 percentage points lower than the computer hardware industry average of 2.36%.

Dell Technologies's dividend payout ratio of 52.8% indicates that its dividend yield is sustainable for the long-term.

Why are computer hardware stocks down?

Computer hardware stocks were down -0.9% in the last day, and down -4.08% over the last week.

We couldn't find a catalyst for why computer hardware stocks are down.

What are the most undervalued computer hardware stocks?

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

1. Key Tronic (NASDAQ:KTCC)


Key Tronic (NASDAQ:KTCC) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Key Tronic has a valuation score of 86, which is 60 points higher than the computer hardware industry average of 26. It passed 6 out of 7 valuation due diligence checks.

Key Tronic's stock has dropped -3.34% in the past year. It has underperformed other stocks in the computer hardware industry by -52 percentage points.

2. Agm Group Holdings (NASDAQ:AGMH)


Agm Group Holdings (NASDAQ:AGMH) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Agm Group Holdings has a valuation score of 71, which is 45 points higher than the computer hardware industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Agm Group Holdings's stock has dropped -11.89% in the past year. It has underperformed other stocks in the computer hardware industry by -61 percentage points.

3. Hp (NYSE:HPQ)


Hp (NYSE:HPQ) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Hp has a valuation score of 57, which is 31 points higher than the computer hardware industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Hp's stock has gained 2.31% in the past year. It has underperformed other stocks in the computer hardware industry by -46 percentage points.

Are computer hardware stocks a good buy now?

46.15% of computer hardware stocks rated by analysts are a buy right now. On average, analysts expect computer hardware stocks to rise by 16.84% over the next year.

What is the average p/e ratio of the computer hardware industry?

The average P/E ratio of the computer hardware industry is 19.21x.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.