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Best Computer Hardware Stocks to Buy Now (2023)

Top computer hardware stocks in 2023 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 59, which is 30 points higher than the computer hardware industry average of 29. It passed 20 out of 33 due diligence checks and has strong fundamentals. Super Micro Computer has seen its stock return 203.08% over the past year, overperforming other computer hardware stocks by 159 percentage points.

Super Micro Computer has an average 1 year price target of $345.43, an upside of 26.31% from Super Micro Computer's current stock price of $273.47.

Super Micro Computer stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Super Micro Computer, 57.14% have issued a Strong Buy rating, 14.29% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Arista Networks (NYSE:ANET) is the second best computer hardware stock with a Zen Score of 57, which is 28 points higher than the computer hardware industry average of 29. It passed 19 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 57.72% over the past year, overperforming other computer hardware stocks by 14 percentage points.

Arista Networks has an average 1 year price target of $219.57, a downside of -0.06% from Arista Networks's current stock price of $219.71.

Arista Networks stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Arista Networks, 64.29% have issued a Strong Buy rating, 28.57% have issued a Buy, 7.14% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Netapp (NASDAQ:NTAP) is the third best computer hardware stock with a Zen Score of 45, which is 16 points higher than the computer hardware industry average of 29. It passed 16 out of 38 due diligence checks and has strong fundamentals. Netapp has seen its stock return 35.17% over the past year, underperforming other computer hardware stocks by -9 percentage points.

Netapp has an average 1 year price target of $86.73, a downside of -5.1% from Netapp's current stock price of $91.39.

Netapp stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Netapp, 20% have issued a Strong Buy rating, 13.33% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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:

Hp (NYSE:HPQ) has an annual dividend yield of 3.58%, which is 2 percentage points higher than the computer hardware industry average of 2.02%. 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 44% indicates that its dividend yield is sustainable for the long-term.

Netapp (NASDAQ:NTAP) has an annual dividend yield of 2.19%, which is the same as the computer hardware industry average of 2.02%. 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 61.2% indicates that its dividend yield is sustainable for the long-term.

Logitech International Sa (NASDAQ:LOGI) has an annual dividend yield of 1.33%, which is -1 percentage points lower than the computer hardware industry average of 2.02%. 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 48.7% indicates that its dividend yield is sustainable for the long-term.

Computer hardware stocks were down -1.24% in the last day, and up 0.63% over the last week. Pure Storage was the among the top losers in the computer hardware industry, dropping -12.18% yesterday.

Pure Storage shares are trading lower after the company reported worse-than-expected Q3 revenue results and issued Q4 and FY24 revenue guidance below estimates.

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

Agm Group Holdings (NASDAQ:AGMH) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Agm Group Holdings 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.

Agm Group Holdings's stock has dropped -4.29% in the past year. It has underperformed other stocks in the computer hardware industry by -48 percentage points.

Key Tronic (NASDAQ:KTCC) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Key Tronic has a valuation score of 57, which is 35 points higher than the computer hardware industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Key Tronic's stock has dropped -15.72% in the past year. It has underperformed other stocks in the computer hardware industry by -60 percentage points.

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 35 points higher than the computer hardware industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Hp's stock has dropped -2.33% in the past year. It has underperformed other stocks in the computer hardware industry by -47 percentage points.