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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.

Industry: Computer Hardware
Ticker
Company
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
LOGI
LOGITECH INTERNATIONAL SA
$13.80B28.10%17.30%24.68%103.80%0.612.4241.40%14.20%14.46%
ANET
ARISTA NETWORKS INC
$100.24B33.40%24.20%30.20%47.80%0.345.0162.90%37.60%43.55%
SMCI
SUPER MICRO COMPUTER INC
$51.99B34.10%19.00%16.26%32.70%0.744.7016.00%8.90%9.83%
CRCT
CRICUT INC
$1.51B12.20%8.30%16.76%24.70%0.313.9047.70%8.50%12.73%
NTAP
NETAPP INC
$22.80B99.10%10.00%21.36%36.50%8.431.1570.10%15.20%19.37%
HPQ
HP INC
$30.59B-184.40%9.40%30.55%33.30%-22.860.7121.90%6.50%6.90%
IONQ
IONQ INC
$1.86B-34.20%-30.40%-33.38%-34.90%0.1311.8158.60%-671.00%-670.78%
YIBO
PLANET IMAGE INTERNATIONAL LTD
$107.76M26.70%6.20%19.11%38.50%2.511.4439.30%5.20%6.09%
AGMH
AGM GROUP HOLDINGS INC
$28.60M33.20%9.50%41.11%54.30%2.151.4415.90%7.90%10.76%
NNDM
NANO DIMENSION LTD
$637.15M-5.00%-4.80%-5.13%-7.60%0.0525.9345.20%-96.90%-93.82%
PSTG
PURE STORAGE INC
$19.22B5.70%1.90%3.96%6.50%1.881.8371.40%2.20%3.20%
ALOT
ASTRONOVA INC
$136.12M5.40%3.50%8.47%9.80%0.482.5834.90%3.20%5.92%
MKFG
MARKFORGED HOLDING CORP
$92.63M-71.00%-46.30%-70.37%-89.50%0.812.6447.60%-133.50%-133.80%
EBON
EBANG INTERNATIONAL HOLDINGS INC
$58.57M-12.30%-11.40%-13.21%-60.80%0.0620.94-344.00%-757.40%-778.62%
DM
DESKTOP METAL INC
$201.54M-100.10%-58.90%-93.59%-110.90%1.092.83-5.80%-170.80%-169.48%
QUBT
QUANTUM COMPUTING INC
$72.45M-38.60%-34.30%-36.33%-1,938.40%0.080.6945.40%-8,303.60%-7,520.19%
DELL
DELL TECHNOLOGIES INC
$106.73B-118.20%3.80%15.56%18.40%-35.110.7423.60%3.60%5.91%
SSYS
STRATASYS LTD
$681.24M-13.50%-10.30%-12.56%-18.30%0.283.1842.50%-19.60%-19.17%
RCAT
RED CAT HOLDINGS INC
$75.02M-56.70%-51.50%-56.43%-113.30%0.125.3510.50%-206.40%-205.82%
SCKT
SOCKET MOBILE INC
$11.09M-7.80%-5.20%-12.12%-11.20%0.501.6250.30%-8.40%-14.98%
RGTI
RIGETTI COMPUTING INC
$197.71M-63.60%-44.30%-48.90%-47.60%0.404.4270.10%-564.00%-521.80%
OSS
ONE STOP SYSTEMS INC
$50.41M-19.10%-15.10%-16.67%-17.60%0.265.1629.30%-13.50%-11.76%
CRSR
CORSAIR GAMING INC
$1.17B-1.30%-0.60%0.28%0.60%0.861.8225.00%-0.60%0.18%
DDD
3D SYSTEMS CORP
$489.70M-13.20%-6.70%-8.85%-12.90%0.995.3640.90%-18.90%-21.96%
QBTS
D-WAVE QUANTUM INC
$222.65MN/A-149.00%-197.79%-152.60%-2.323.1060.80%-784.50%-774.44%
TACT
TRANSACT TECHNOLOGIES INC
$37.48M1.50%1.00%2.58%3.40%0.353.1252.00%0.90%1.67%
WDC
WESTERN DIGITAL CORP
$23.54B-15.70%-6.70%-5.55%-7.50%1.271.8614.10%-13.60%-9.21%
INVE
IDENTIV INC
$97.97M-10.00%-6.70%-9.00%-11.80%0.452.6736.60%-6.50%-5.94%
VLD
VELO3D INC
$64.57M-155.50%-70.00%-151.22%-89.80%2.001.62-53.00%-210.60%-188.45%
SGE
STRONG GLOBAL ENTERTAINMENT INC
$10.87M-28.10%-7.50%-11.28%-9.40%2.351.4125.00%-5.40%-3.40%
QMCO
QUANTUM CORP
$52.75MN/A-17.70%-36.33%-18.60%-3.241.0533.10%-9.40%-6.03%
KTCC
KEY TRONIC CORP
$47.14M0.20%0.10%4.12%2.80%1.872.817.50%0.00%1.82%
CAN
CANAAN INC
$312.86M-95.30%-72.70%-98.53%-125.10%0.302.90-120.50%-192.90%-218.14%
UAVS
AGEAGLE AERIAL SYSTEMS INC
$7.96M-187.10%-120.80%-333.08%-306.10%1.570.8340.10%-325.10%-292.44%
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
$20.01BN/A-3.70%3.87%1.90%-4.760.8519.80%-4.30%2.49%

Computer Hardware Stocks FAQ

What are the best computer hardware stocks to buy right now in May 2024?

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

1. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the top computer hardware stock with a Zen Score of 60, which is 32 points higher than the computer hardware industry average of 28. It passed 21 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 41.6% over the past year, underperforming other computer hardware stocks by -113 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 4.31% from Logitech International Sa's current stock price of $89.96.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.

2. Arista Networks (NYSE:ANET)


Arista Networks (NYSE:ANET) is the second best computer hardware stock with a Zen Score of 56, which is 28 points higher than the computer hardware industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 135.51% over the past year, underperforming other computer hardware stocks by -19 percentage points.

Arista Networks has an average 1 year price target of $308.31, a downside of -3.62% from Arista Networks's current stock price of $319.89.

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, 18.75% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 6.25% have issued a Strong Sell.

3. Super Micro Computer (NASDAQ:SMCI)


Super Micro Computer (NASDAQ:SMCI) is the third best computer hardware stock with a Zen Score of 55, which is 27 points higher than the computer hardware industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Super Micro Computer has seen its stock return 475.39% over the past year, overperforming other computer hardware stocks by 321 percentage points.

Super Micro Computer has an average 1 year price target of $1,052.82, an upside of 18.58% from Super Micro Computer's current stock price of $887.89.

Super Micro Computer stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Super Micro Computer, 54.55% have issued a Strong Buy rating, 9.09% have issued a Buy, 27.27% have issued a hold, while 0% have issued a Sell rating, and 9.09% have issued a Strong Sell.

What are the computer hardware stocks with highest dividends?

Out of 3 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 3.45%, which is 2 percentage points higher than the computer hardware industry average of 1.51%. 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 30.7% indicates that its dividend yield is sustainable for the long-term.

2. Netapp (NASDAQ:NTAP)


Netapp (NASDAQ:NTAP) has an annual dividend yield of 1.81%, which is the same as the computer hardware industry average of 1.51%. 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 44.5% indicates that its dividend yield is sustainable for the long-term.

3. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) has an annual dividend yield of 1.3%, which is the same as the computer hardware industry average of 1.51%. 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 30% indicates that its dividend yield is sustainable for the long-term.

Why are computer hardware stocks down?

Computer hardware stocks were down -0.85% in the last day, and up 7.18% over the last week. Canaan was the among the top losers in the computer hardware industry, dropping -10.26% yesterday.

Canaan shares are trading higher after the company last week reported better-than-expected Q1 revenue, reiterated Q2 topline outlook and issued Q3 revenue guidance.

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. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Logitech International Sa has a valuation score of 71, which is 50 points higher than the computer hardware industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Logitech International Sa's stock has gained 41.6% in the past year. It has underperformed other stocks in the computer hardware industry by -113 percentage points.

2. Cricut (NASDAQ:CRCT)


Cricut (NASDAQ:CRCT) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Cricut has a valuation score of 71, which is 50 points higher than the computer hardware industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Cricut's stock has dropped -12.58% in the past year. It has underperformed other stocks in the computer hardware industry by -167 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 36 points higher than the computer hardware industry average of 21. It passed 4 out of 7 valuation due diligence checks.

Hp's stock has gained 3.04% in the past year. It has underperformed other stocks in the computer hardware industry by -152 percentage points.

Are computer hardware stocks a good buy now?

56.52% of computer hardware stocks rated by analysts are a strong buy right now. On average, analysts expect computer hardware stocks to rise by 9.6% 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 38.33x.
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.