WallStreetZenWallStreetZen

Sectors & IndustriesTechnologyComputer Hardware
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
Price
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
LOGI
LOGITECH INTERNATIONAL SA
$77.31-0.99%-10.97%-14.56%-18.34%9.94%34.97%-32.22%85.98%428.43%$96.66$53.9120.02%43.41%0.92361,988-45.12%
ANET
ARISTA NETWORKS INC
$246.09-4.32%-9.27%-14.23%-6.61%28.52%55.66%212.68%200.48%N/A$307.74$131.6820.03%86.88%1.192,912,90150.42%
CRCT
CRICUT INC
$5.271.74%2.73%2.33%-5.22%-35.34%-44.82%-77.42%N/AN/A$17.89$4.4370.54%18.96%0.92621,116-12.14%
SMCI
SUPER MICRO COMPUTER INC
$713.65-23.14%-20.57%-21.66%68.57%169.25%549.84%1,750.75%3,148.29%3,669.94%$1.23k$93.1941.93%665.80%1.3417,104,397301.38%
HPQ
HP INC
$27.810.69%-2.52%-6.74%-4.50%5.14%-7.94%-17.48%39.89%-12.93%$33.90$25.2217.96%10.27%1.164,767,6485.75%
CRSR
CORSAIR GAMING INC
$10.72-0.37%-7.11%-11.40%-20.65%-18.04%-38.78%-66.68%N/AN/A$20.72$10.6848.26%0.37%1.54277,100-27.59%
NTAP
NETAPP INC
$97.95-2.19%-3.79%-5.19%11.55%30.53%48.07%26.70%27.71%172.54%$112.48$60.9212.92%60.78%1.071,692,48765.88%
AGMH
AGM GROUP HOLDINGS INC
$1.05-5.41%-34.38%-43.55%-42.31%-32.26%-50.70%-91.25%-94.50%N/A$2.46$1.0357.32%1.94%0.5084,676-73.93%
IONQ
IONQ INC
$7.09-3.80%-11.71%-23.27%-34.65%-47.36%12.90%-30.83%N/AN/A$21.60$5.2967.18%34.03%2.424,816,19217.15%
WETH
WETOUCH TECHNOLOGY INC
$2.030.00%-2.36%-53.12%N/AN/AN/A-51.08%N/AN/A$5.70$1.6764.39%21.56%0.62264,354290.52%
NNDM
NANO DIMENSION LTD
$2.39-1.65%-8.43%-13.09%7.66%-12.45%-3.24%-64.01%-67.35%N/A$3.35$2.0628.66%16.02%1.031,250,26548.14%
PSTG
PURE STORAGE INC
$49.46-4.55%-7.43%-0.64%20.93%46.16%101.55%138.02%116.93%N/A$58.46$22.1415.40%123.40%1.354,791,416127.47%
DELL
DELL TECHNOLOGIES INC
$114.87-2.96%-2.45%6.84%38.08%71.37%162.08%11.07%81.61%N/A$136.16$41.4715.64%177.03%1.139,325,19085.93%
FATH
FATHOM DIGITAL MANUFACTURING CORP
$4.59-0.33%2.00%0.88%2.68%35.00%-53.39%-97.67%N/AN/A$18.00$2.9974.50%53.36%0.531,09371.59%
TACT
TRANSACT TECHNOLOGIES INC
$4.65-0.21%-3.33%-11.43%-38.49%-24.27%-22.24%-60.92%-50.11%-58.67%$9.44$4.5350.74%2.65%0.6110,959-52.61%
KTCC
KEY TRONIC CORP
$4.560.88%0.66%-7.32%8.83%8.31%-33.72%-36.93%-15.87%-55.25%$7.02$3.7235.04%22.58%0.4743,066409.72%
ALOT
ASTRONOVA INC
$17.201.96%-0.58%-0.69%-2.82%39.27%15.44%5.20%-33.15%38.99%$18.83$11.798.66%45.89%0.789,34990.02%
OSS
ONE STOP SYSTEMS INC
$2.78-6.71%-11.18%-23.63%43.30%39.70%12.10%-41.96%15.88%N/A$4.58$1.5639.23%78.21%0.8879,583168.01%
CAN
CANAAN INC
$0.75-18.26%-37.33%-40.79%-58.22%-56.02%-72.45%-93.94%N/AN/A$3.50$0.7578.51%0.27%1.4418,893,260-1.61%
RGTI
RIGETTI COMPUTING INC
$1.10-5.98%-6.78%-37.14%8.91%-12.70%100.36%-89.07%N/AN/A$3.43$0.3667.93%205.56%1.703,638,37741.16%
SSYS
STRATASYS LTD
$10.030.96%-0.64%-12.60%-25.35%-14.39%-36.02%-52.69%-57.72%-90.11%$21.72$9.4353.84%6.33%1.28521,729-41.85%
RCAT
RED CAT HOLDINGS INC
$1.125.66%27.27%53.42%48.94%14.29%20.56%-72.00%N/AN/A$1.50$0.5325.33%113.33%0.89935,316-75.06%
QUBT
QUANTUM COMPUTING INC
$0.72-6.75%-11.47%-37.57%-13.49%-19.24%-44.34%-89.74%-88.03%N/A$1.81$0.6360.33%13.25%1.11989,77569.85%
SCKT
SOCKET MOBILE INC
$1.030.98%-4.63%3.00%-8.20%3.00%-41.97%-84.37%-47.18%-1.90%$1.79$0.9042.46%14.44%0.676,90252.19%
INVE
IDENTIV INC
$5.074.54%-0.98%-31.30%-35.33%-30.07%-16.47%-65.70%3.26%-44.29%$9.26$4.7245.25%7.42%1.15174,4974.11%
DM
DESKTOP METAL INC
$0.852.18%-11.61%15.91%22.46%-21.03%-61.42%-92.85%-91.60%N/A$2.30$0.4663.26%85.71%0.993,638,71544.13%
WDC
WESTERN DIGITAL CORP
$66.05-3.32%-8.33%10.43%20.60%53.39%90.79%-3.31%21.84%-28.41%$76.92$31.9714.13%106.60%1.457,007,40962.05%
DDD
3D SYSTEMS CORP
$3.552.31%-4.05%-18.39%-27.40%-19.50%-61.75%-81.26%-67.19%-92.76%$11.09$3.3267.99%7.09%1.681,480,690-8.50%
MKFG
MARKFORGED HOLDING CORP
$0.6816.24%2.26%-10.41%-19.53%-37.04%-12.14%-93.23%N/AN/A$2.30$0.5070.41%36.00%1.451,280,295248.29%
QBTS
D-WAVE QUANTUM INC
$1.59-4.79%-2.45%-26.73%132.12%88.39%157.28%-83.89%N/AN/A$3.20$0.4050.31%301.52%0.742,892,39238.04%
PDYN
PALLADYNE AI CORP
$1.44-2.04%-27.27%-21.10%161.82%105.71%-45.45%-97.58%N/AN/A$3.25$0.4055.69%261.81%1.03158,821-42.03%
SGE
STRONG GLOBAL ENTERTAINMENT INC
$1.400.00%18.64%19.66%-14.37%-24.73%N/AN/AN/AN/A$4.35$1.0267.82%37.25%0.736,913-19.74%
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
$82.46-1.17%-3.20%-4.75%-3.47%23.31%31.18%0.16%68.49%48.07%$101.26$54.3218.57%51.80%1.062,882,73059.19%
EBON
EBANG INTERNATIONAL HOLDINGS INC
$7.33-11.04%-12.00%-20.07%-19.80%3.82%21.36%-94.36%N/AN/A$18.94$5.4161.30%35.62%1.4657,618494.98%
QMCO
QUANTUM CORP
$0.40-7.83%-14.71%-31.03%33.33%-20.32%-60.00%-94.88%-83.81%-95.54%$1.32$0.2469.63%66.67%1.48109,195-55.30%
VLD
VELO3D INC
$0.25-5.30%-21.14%-44.69%-3.85%-81.48%-88.89%-97.55%N/AN/A$2.50$0.1990.00%32.28%2.135,813,918116.38%
UAVS
AGEAGLE AERIAL SYSTEMS INC
$0.642.74%-10.78%-22.69%-63.39%-74.00%-92.23%-99.41%-91.02%-99.98%$8.80$0.6092.76%6.17%1.16323,439115.11%
YIBO
PLANET IMAGE INTERNATIONAL LTD
$2.08-2.94%-11.11%-25.18%-25.45%N/AN/AN/AN/AN/A$4.00$1.8648.00%11.83%-0.754,797-60.68%

Computer Hardware Stocks FAQ

What are the best computer hardware stocks to buy right now in Apr 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 71, which is 41 points higher than the computer hardware industry average of 30. It passed 26 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 34.97% over the past year, underperforming other computer hardware stocks by -81 percentage points.

Logitech International Sa has an average 1 year price target of $96.17, an upside of 24.39% from Logitech International Sa's current stock price of $77.31.

Logitech International Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 50% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% 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 63, which is 33 points higher than the computer hardware industry average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 55.66% over the past year, underperforming other computer hardware stocks by -61 percentage points.

Arista Networks has an average 1 year price target of $300.46, an upside of 22.09% from Arista Networks's current stock price of $246.09.

Arista Networks stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Arista Networks, 61.54% have issued a Strong Buy rating, 23.08% have issued a Buy, 7.69% have issued a hold, while 0% have issued a Sell rating, and 7.69% 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 22 points higher than the computer hardware industry average of 30. It passed 16 out of 33 due diligence checks and has strong fundamentals. Cricut has seen its stock lose -44.82% over the past year, underperforming other computer hardware stocks by -161 percentage points.

Cricut has an average 1 year price target of $5.09, a downside of -3.45% from Cricut's current stock price of $5.27.

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 3.87%, which is 2 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 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 2.04%, 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 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 1.51%, 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 37.7% indicates that its dividend yield is sustainable for the long-term.

Why are computer hardware stocks down?

Computer hardware stocks were down -13.15% in the last day, and down -13.45% over the last week. Super Micro Computer was the among the top losers in the computer hardware industry, dropping -23.14% yesterday.

Super Micro Computer shares are trading lower. The company announced its Q3 earnings date and did not provide preliminary estimates as it did with Q2.

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 46 points higher than the computer hardware industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Logitech International Sa's stock has gained 34.97% in the past year. It has underperformed other stocks in the computer hardware industry by -81 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 46 points higher than the computer hardware industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Cricut's stock has dropped -44.82% in the past year. It has underperformed other stocks in the computer hardware industry by -161 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 32 points higher than the computer hardware industry average of 25. It passed 4 out of 7 valuation due diligence checks.

Hp's stock has dropped -7.94% in the past year. It has underperformed other stocks in the computer hardware industry by -124 percentage points.

Are computer hardware stocks a good buy now?

54.17% of computer hardware stocks rated by analysts are a strong buy right now. On average, analysts expect computer hardware stocks to rise by 29.2% 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 36.56x.
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.