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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
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
LOGI
LOGITECH INTERNATIONAL SA
64
57
86
56
40
80
ANET
ARISTA NETWORKS INC
60
29
100
11
100
CRCT
CRICUT INC
52
71
71
44
20
SMCI
SUPER MICRO COMPUTER INC
49
0
71
33
90
HPQ
HP INC
46
57
57
44
10
60

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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Computer Hardware Stocks FAQ

What are the best computer hardware stocks to buy right now in Mar 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 64, which is 35 points higher than the computer hardware industry average of 29. It passed 23 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 65.94% over the past year, underperforming other computer hardware stocks by -108 percentage points.

Logitech International Sa has an average 1 year price target of $97.40, an upside of 10.11% from Logitech International Sa's current stock price of $88.46.

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, 0% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% 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 60, which is 31 points higher than the computer hardware industry average of 29. It passed 20 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 71.71% over the past year, underperforming other computer hardware stocks by -102 percentage points.

Arista Networks has an average 1 year price target of $309.25, an upside of 7.23% from Arista Networks's current stock price of $288.41.

Arista Networks stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Arista Networks, 66.67% have issued a Strong Buy rating, 25% have issued a Buy, 8.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Cricut (NASDAQ:CRCT)


Cricut (NASDAQ:CRCT) is the third best computer hardware stock with a Zen Score of 52, which is 23 points higher than the computer hardware industry average of 29. It passed 16 out of 33 due diligence checks and has strong fundamentals. Cricut has seen its stock lose -53.87% over the past year, underperforming other computer hardware stocks by -228 percentage points.

Cricut has an average 1 year price target of $5.09, an upside of 9.42% from Cricut's current stock price of $4.65.

Cricut stock has a consensus Sell recommendation according to Wall Street analysts. Of the 4 analysts covering Cricut, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 50% 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 3.57%, which is 2 percentage points higher than the computer hardware industry average of 1.64%. 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 1.9%, which is the same as the computer hardware industry average of 1.64%. 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 1.32%, which is the same as the computer hardware industry average of 1.64%. 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 37.7% indicates that its dividend yield is sustainable for the long-term.

Why are computer hardware stocks down?

Computer hardware stocks were down -0.8% in the last day, and up 7.01% over the last week. Velo3d was the among the top losers in the computer hardware industry, dropping -31.43% yesterday.

Velo3D shares are trading lower after the company reported worse-than-expected Q4 financial results.

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. Cricut (NASDAQ:CRCT)


Cricut (NASDAQ:CRCT) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Cricut has a valuation score of 71, which is 47 points higher than the computer hardware industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Cricut's stock has dropped -53.87% in the past year. It has underperformed other stocks in the computer hardware industry by -228 percentage points.

2. Hp (NYSE:HPQ)


Hp (NYSE:HPQ) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Hp has a valuation score of 57, which is 33 points higher than the computer hardware industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Hp's stock has gained 8% in the past year. It has underperformed other stocks in the computer hardware industry by -166 percentage points.

3. Key Tronic (NASDAQ:KTCC)


Key Tronic (NASDAQ:KTCC) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Key Tronic has a valuation score of 57, which is 33 points higher than the computer hardware industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Key Tronic's stock has dropped -32.1% in the past year. It has underperformed other stocks in the computer hardware industry by -206 percentage points.

Are computer hardware stocks a good buy now?

50% of computer hardware stocks rated by analysts are a strong buy right now. On average, analysts expect computer hardware stocks to fall by -0.23% 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 41.76x.
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