WallStreetZenWallStreetZen

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.

Industry: Computer Hardware
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
NTAP
NETAPP INC
NASDAQ
Computer Hardware
$15.00B$67.40-1.62%$1.50B14.81x9.77
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
NASDAQ
Computer Hardware
$17.09B$79.55-2.90%$2.57B9.65x20.72
INVE
IDENTIV INC
NASDAQ
Computer Hardware
$249.48M$11.17-5.18%$4.34M372.33x0.29
ANET
ARISTA NETWORKS INC
NYSE
Computer Hardware
$30.73B$99.69-2.55%$1.10B32.90x0.47
WDC
WESTERN DIGITAL CORP
NASDAQ
Computer Hardware
$17.73B$56.60-1.29%$3.48B9.59x1.14
OSS
ONE STOP SYSTEMS INC
NASDAQ
Computer Hardware
$78.66M$3.95-2.71%$5.39M26.33x0.26
CRCT
CRICUT INC
NASDAQ
Computer Hardware
$1.49B$6.71-20.21%$185.98M12.43x0.37
LOGI
LOGITECH INTERNATIONAL SA
NASDAQ
Computer Hardware
$9.44B$57.32-2.08%$894.36M14.89x0.68
CAJ
CANON INC
NYSE
Computer Hardware
$26.51B$25.350.48%$4.03B15.64x0.59
CAN
CANAAN INC
NASDAQ
Computer Hardware
$559.87M$2.98-6.88%N/A1.39x0.57
SCKT
SOCKET MOBILE INC
NASDAQ
Computer Hardware
$20.52M$2.85-1.38%$7.58M4.91x0.26
MKFG
MARKFORGED HOLDING CORP
NYSE
Computer Hardware
$466.07M$2.48-8.82%$20.64M-31.00x0.30
CRSR
CORSAIR GAMING INC
NASDAQ
Computer Hardware
$1.38B$14.44-3.80%$111.49M27.25x1.22
SMCI
SUPER MICRO COMPUTER INC
NASDAQ
Computer Hardware
$2.46B$47.45-3.81%$244.06M13.22x1.41
STRC
SARCOS TECHNOLOGY & ROBOTICS CORP
NASDAQ
Computer Hardware
$615.20M$4.00-1.23%-$94.81M-2.86x0.07
NNDM
NANO DIMENSION LTD
NASDAQ
Computer Hardware
$702.66M$2.73-1.80%-$202.83M-3.37x0.03
DDD
3D SYSTEMS CORP
NYSE
Computer Hardware
$1.30B$9.99-2.54%-$21.96M4.92x0.82
HPQ
HP INC
NYSE
Computer Hardware
$36.89B$34.77-0.83%$6.12B6.25x-17.72
DM
DESKTOP METAL INC
NYSE
Computer Hardware
$564.23M$1.80-12.20%-$206.08M-2.00x0.12
SSYS
STRATASYS LTD
NASDAQ
Computer Hardware
$1.17B$17.66-4.07%-$6.41M-18.02x0.33
TACT
TRANSACT TECHNOLOGIES INC
NASDAQ
Computer Hardware
$41.82M$4.22-4.31%-$7.58M-6.70x0.32
MICT
MICT INC
NASDAQ
Computer Hardware
$84.60M$0.69-1.99%-$34.23M-11.52x0.20
FATH
FATHOM DIGITAL MANUFACTURING CORP
NYSE
Computer Hardware
$684.79M$5.05-8.35%$97.75M1.71x0.65
EBON
EBANG INTERNATIONAL HOLDINGS INC
NASDAQ
Computer Hardware
$133.60M$0.71-1.11%$11.38M35.65x0.05
VLD
VELO3D INC
NYSE
Computer Hardware
$397.14M$2.16-12.20%-$154.71M-2.43x4.80
ALOT
ASTRONOVA INC
NASDAQ
Computer Hardware
$90.63M$12.39-0.80%$11.71M13.92x0.42
DELL
DELL TECHNOLOGIES INC
NYSE
Computer Hardware
$31.09B$40.88-0.82%$9.83B5.60x-55.97
IONQ
IONQ INC
NYSE
Computer Hardware
$1.07B$5.39-6.42%-$99.77M-2.48x0.06
PSTG
PURE STORAGE INC
NYSE
Computer Hardware
$6.67B$22.33-5.14%-$45.35M-44.66x3.16
VJET
VOXELJET AG
NASDAQ
Computer Hardware
$27.51M$3.921.42%-$5.21M-2.12x1.06
DAKT
DAKTRONICS INC
NASDAQ
Computer Hardware
$143.67M$3.160.00%$18.29M105.33x1.14
KTCC
KEY TRONIC CORP
NASDAQ
Computer Hardware
$54.99M$5.11-0.20%$13.78M22.22x2.32
QUBT
QUANTUM COMPUTING INC
NASDAQ
Computer Hardware
$57.44M$1.9725.48%-$20.54M-1.82x0.09
RGTI
RIGETTI COMPUTING INC
NASDAQ
Computer Hardware
$928.78M$8.16-8.00%-$37.84M-4.51x0.49
QMCO
QUANTUM CORP
NASDAQ
Computer Hardware
$99.79M$1.66-1.78%-$17.21M-2.08x-2.53

Computer Hardware Stocks FAQ

What are the best computer hardware stocks to buy right now in May 2022?

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

1. NETAPP (NASDAQ:NTAP)


NETAPP (NASDAQ:NTAP) is the top computer hardware stock with a Zen Score of 67, which is 28 points higher than the computer hardware industry average of 39. It passed 25 out of 38 due diligence checks and has strong fundamentals. NETAPP has seen its stock lose -14.67% over the past year, overperforming other computer hardware stocks by 16 percentage points.

NETAPP has an average 1 year price target of $100.75, an upside of 49.48% from NETAPP's current stock price of $67.40.

NETAPP stock has a consensus Buy recommendation according to Wall Street analysts. Of the 18 analysts covering NETAPP, 33.33% have issued a Strong Buy rating, 27.78% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 5.56% have issued a Strong Sell.

2. SEAGATE TECHNOLOGY HOLDINGS (NASDAQ:STX)


SEAGATE TECHNOLOGY HOLDINGS (NASDAQ:STX) is the second best computer hardware stock with a Zen Score of 58, which is 19 points higher than the computer hardware industry average of 39. It passed 21 out of 38 due diligence checks and has strong fundamentals. SEAGATE TECHNOLOGY HOLDINGS has seen its stock lose -18.95% over the past year, overperforming other computer hardware stocks by 12 percentage points.

SEAGATE TECHNOLOGY HOLDINGS has an average 1 year price target of $97.61, an upside of 22.7% from SEAGATE TECHNOLOGY HOLDINGS's current stock price of $79.55.

SEAGATE TECHNOLOGY HOLDINGS stock has a consensus Buy recommendation according to Wall Street analysts. Of the 19 analysts covering SEAGATE TECHNOLOGY HOLDINGS, 31.58% have issued a Strong Buy rating, 10.53% have issued a Buy, 52.63% have issued a hold, while 0% have issued a Sell rating, and 5.26% have issued a Strong Sell.

3. IDENTIV (NASDAQ:INVE)


IDENTIV (NASDAQ:INVE) is the third best computer hardware stock with a Zen Score of 57, which is 18 points higher than the computer hardware industry average of 39. It passed 18 out of 33 due diligence checks and has strong fundamentals. IDENTIV has seen its stock lose -33.39% over the past year, underperforming other computer hardware stocks by -3 percentage points.

IDENTIV has an average 1 year price target of $21.50, an upside of 92.48% from IDENTIV's current stock price of $11.17.

IDENTIV stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering IDENTIV, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% 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 6 computer hardware stocks that have issued dividends in the past year, the 3 computer hardware stocks with the highest dividend yields are:

1. NETAPP (NASDAQ:NTAP)


NETAPP (NASDAQ:NTAP) has an annual dividend yield of 2.97%, which is 1 percentage points higher than the computer hardware industry average of 2.03%. 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 43.5% indicates that its dividend yield is sustainable for the long-term.

2. SEAGATE TECHNOLOGY HOLDINGS (NASDAQ:STX)


SEAGATE TECHNOLOGY HOLDINGS (NASDAQ:STX) has an annual dividend yield of 2.6%, which is 1 percentage points higher than the computer hardware industry average of 2.03%. 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 33.3% indicates that its dividend yield is sustainable for the long-term.

3. HP (NYSE:HPQ)


HP (NYSE:HPQ) has an annual dividend yield of 2.55%, which is 1 percentage points higher than the computer hardware industry average of 2.03%. 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 14.9% indicates that its dividend yield is sustainable for the long-term.

Why are computer hardware stocks down?

Computer hardware stocks were down -2.66% in the last day, and down -8.5% over the last week. DESKTOP METAL was the among the top losers in the computer hardware industry, dropping -12.2% yesterday.

Shares of several companies in the broader industrial space are trading lower amid a continued selloff in stocks.

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. WESTERN DIGITAL (NASDAQ:WDC)


WESTERN DIGITAL (NASDAQ:WDC) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. WESTERN DIGITAL has a valuation score of 86, which is 49 points higher than the computer hardware industry average of 37. It passed 6 out of 7 valuation due diligence checks.

WESTERN DIGITAL's stock has dropped -23.42% in the past year. It has overperformed other stocks in the computer hardware industry by 7 percentage points.

2. CANAAN (NASDAQ:CAN)


CANAAN (NASDAQ:CAN) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. CANAAN has a valuation score of 71, which is 34 points higher than the computer hardware industry average of 37. It passed 5 out of 7 valuation due diligence checks.

CANAAN's stock has dropped -59.78% in the past year. It has underperformed other stocks in the computer hardware industry by -29 percentage points.

3. CRICUT (NASDAQ:CRCT)


CRICUT (NASDAQ:CRCT) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. CRICUT has a valuation score of 71, which is 34 points higher than the computer hardware industry average of 37. It passed 5 out of 7 valuation due diligence checks.

CRICUT's stock has dropped -76.26% 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?

41.38% of computer hardware stocks rated by analysts are a strong buy right now. On average, analysts expect computer hardware stocks to rise by 78.92% 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 11.62x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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.