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Best Computer Hardware Stocks to Buy Now (2024)

Top computer hardware stocks in 2024 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 67, which is 38 points higher than the computer hardware industry average of 29. It passed 23 out of 33 due diligence checks and has strong fundamentals. Super Micro Computer has seen its stock return 62.47% over the past year, overperforming other computer hardware stocks by 9 percentage points.

Super Micro Computer has an average 1 year price target of $67.44, an upside of 42.31% from Super Micro Computer's current stock price of $47.39.

Super Micro Computer stock has a consensus Hold recommendation according to Wall Street analysts. Of the 12 analysts covering Super Micro Computer, 16.67% have issued a Strong Buy rating, 8.33% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 8.33% have issued a Strong Sell.

Logitech International Sa (NASDAQ:LOGI) is the second best computer hardware stock with a Zen Score of 60, which is 31 points higher than the computer hardware industry average of 29. It passed 21 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 21.88% over the past year, underperforming other computer hardware stocks by -32 percentage points.

Logitech International Sa has an average 1 year price target of $88.20, an upside of 0.01% from Logitech International Sa's current stock price of $88.19.

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, 60% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

Pure Storage (NYSE:PSTG) is the third best computer hardware stock with a Zen Score of 51, which is 22 points higher than the computer hardware industry average of 29. It passed 17 out of 33 due diligence checks and has strong fundamentals. Pure Storage has seen its stock return 51.45% over the past year, underperforming other computer hardware stocks by -2 percentage points.

Pure Storage has an average 1 year price target of $67.56, an upside of 25.34% from Pure Storage's current stock price of $53.90.

Pure Storage stock has a consensus Buy recommendation according to Wall Street analysts. Of the 18 analysts covering Pure Storage, 44.44% have issued a Strong Buy rating, 22.22% have issued a Buy, 27.78% have issued a hold, while 0% have issued a Sell rating, and 5.56% have issued a Strong Sell.

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:

Hp (NYSE:HPQ) has an annual dividend yield of 2.94%, which is 1 percentage points higher than the computer hardware industry average of 1.78%. 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 37.8% indicates that its dividend yield is sustainable for the long-term.

Netapp (NASDAQ:NTAP) has an annual dividend yield of 1.61%, which is the same as the computer hardware industry average of 1.78%. 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 38.5% indicates that its dividend yield is sustainable for the long-term.

Logitech International Sa (NASDAQ:LOGI) has an annual dividend yield of 1.32%, which is the same as the computer hardware industry average of 1.78%. Logitech International Sa's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Logitech International Sa's dividend has shown consistent growth over the last 10 years.

Logitech International Sa's dividend payout ratio of 26.3% indicates that its dividend yield is sustainable for the long-term.

Computer hardware stocks were up 0.27% in the last day, and up 4.29% over the last week. Canaan was the among the top gainers in the computer hardware industry, gaining 5.76% yesterday.

Shares of crypto-linked stocks and miners are trading higher amid a rise in Bitcoin.

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

Planet Image International (NASDAQ:YIBO) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Planet Image International has a valuation score of 100, which is 78 points higher than the computer hardware industry average of 22. It passed 7 out of 7 valuation due diligence checks.

Logitech International Sa (NASDAQ:LOGI) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Logitech International Sa has a valuation score of 71, which is 49 points higher than the computer hardware industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Logitech International Sa's stock has gained 21.88% in the past year. It has underperformed other stocks in the computer hardware industry by -32 percentage points.

Corsair Gaming (NASDAQ:CRSR) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Corsair Gaming has a valuation score of 43, which is 21 points higher than the computer hardware industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Corsair Gaming's stock has dropped -49.44% in the past year. It has underperformed other stocks in the computer hardware industry by -103 percentage points.