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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.

Industry: Computer Hardware
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
SMCI
SUPER MICRO COMPUTER INC
$14.58B$273.47$345.4326.31%Strong Buy729.73%-48.78%N/AN/A
ANET
ARISTA NETWORKS INC
$68.35B$219.71$219.57-0.06%Strong Buy148.38%-17.23%N/AN/A
LOGI
LOGITECH INTERNATIONAL SA
$13.75B$87.70$81.67-6.88%Buy62.42%30.53%41.51%25.18%
AGMH
AGM GROUP HOLDINGS INC
$41.11M$1.56N/AN/AN/AN/AN/AN/AN/AN/A
NTAP
NETAPP INC
$18.83B$91.39$86.73-5.10%Buy152.91%40.87%N/AN/A
CRSR
CORSAIR GAMING INC
$1.33B$12.91$17.0031.68%Buy48.33%229.94%32.48%15.78%
CRCT
CRICUT INC
$1.51B$6.90$7.559.42%Sell2-0.71%60.73%N/AN/A
HPQ
HP INC
$29.00B$29.34$31.718.09%Buy71.49%56.87%N/AN/A
IONQ
IONQ INC
$2.50B$12.23$18.2549.22%Buy451.37%N/AN/AN/A
PSTG
PURE STORAGE INC
$10.39B$33.31$41.0723.29%Strong Buy1512.11%N/AN/AN/A
KTCC
KEY TRONIC CORP
$44.12M$4.10N/AN/AN/AN/AN/AN/AN/AN/A
NNDM
NANO DIMENSION LTD
$594.72M$2.30N/AN/AN/AN/AN/AN/AN/AN/A
RGTI
RIGETTI COMPUTING INC
$149.02M$1.06$3.00183.02%Strong Buy261.78%N/A-37.42%-25.53%
STRC
SARCOS TECHNOLOGY & ROBOTICS CORP
$16.81M$0.65$1.1577.20%Hold151.46%N/AN/AN/A
TACT
TRANSACT TECHNOLOGIES INC
$67.22M$6.75N/AN/AN/AN/A-5.24%N/A-6.10%-4.22%
QUBT
QUANTUM COMPUTING INC
$66.91M$0.89$8.75882.04%Buy1N/AN/AN/AN/A
MKFG
MARKFORGED HOLDING CORP
$146.83M$0.74$1.70129.73%Hold1-1.62%N/A70.93%47.01%
FATH
FATHOM DIGITAL MANUFACTURING CORP
$29.73M$4.35$8.0083.91%Buy134.27%N/A10.08%1.58%
RCAT
RED CAT HOLDINGS INC
$49.24M$0.89N/AN/AN/AN/AN/AN/AN/AN/A
INVE
IDENTIV INC
$160.37M$6.92$11.0058.96%Strong Buy16.34%N/AN/AN/A
WDC
WESTERN DIGITAL CORP
$15.66B$48.31$49.502.46%Buy1221.75%N/AN/AN/A
CAN
CANAAN INC
$287.55M$1.51$4.25181.46%Strong Buy2-10.70%N/AN/AN/A
ALOT
ASTRONOVA INC
$104.32M$14.05N/AN/AN/AN/AN/AN/AN/AN/A
OSS
ONE STOP SYSTEMS INC
$42.44M$2.06$2.8839.56%Hold2-7.99%N/AN/AN/A
SSYS
STRATASYS LTD
$740.63M$11.04$16.0044.93%Buy16.73%N/AN/AN/A
DELL
DELL TECHNOLOGIES INC
$54.89B$75.87$74.00-2.46%Strong Buy122.06%44.04%-208.52%6.75%
DM
DESKTOP METAL INC
$227.32M$0.70N/AN/AN/AN/A7.03%N/AN/AN/A
SCKT
SOCKET MOBILE INC
$10.55M$1.44N/AN/AN/AN/AN/AN/AN/AN/A
DDD
3D SYSTEMS CORP
$712.54M$5.34$6.0012.36%Sell12.59%N/AN/AN/A
QBTS
D-WAVE QUANTUM INC
$131.14M$0.82$3.00265.85%Strong Buy380.67%N/AN/AN/A
UAVS
AGEAGLE AERIAL SYSTEMS INC
$14.50M$0.12N/AN/AN/AN/AN/AN/AN/AN/A
SGE
STRONG GLOBAL ENTERTAINMENT INC
$11.97M$1.52N/AN/AN/AN/AN/AN/AN/AN/A
VLD
VELO3D INC
$194.57M$0.97N/AN/AN/AN/AN/AN/A-48.76%-21.83%
EBON
EBANG INTERNATIONAL HOLDINGS INC
$42.99M$6.57N/AN/AN/AN/AN/AN/AN/AN/A
QMCO
QUANTUM CORP
$28.42M$0.30$1.40368.23%Buy22.79%N/AN/AN/A
VJET
VOXELJET AG
$13.24M$1.45$2.5072.53%Strong Buy2N/AN/AN/AN/A
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
$16.55B$79.10$59.57-24.69%Hold711.35%N/A-169.36%40.06%

Computer Hardware Stocks FAQ

What are the best computer hardware stocks to buy right now in Dec 2023?

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

1. Super Micro Computer (NASDAQ:SMCI)


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.

2. Arista Networks (NYSE:ANET)


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.

3. Netapp (NASDAQ:NTAP)


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.

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 3.58%, 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.

2. Netapp (NASDAQ:NTAP)


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.

3. Logitech International Sa (NASDAQ:LOGI)


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.

Why are computer hardware stocks down?

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.

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. Agm Group Holdings (NASDAQ:AGMH)


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.

2. Key Tronic (NASDAQ:KTCC)


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.

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 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.

Are computer hardware stocks a good buy now?

40% of computer hardware stocks rated by analysts are a buy right now. On average, analysts expect computer hardware stocks to rise by 9.36% 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 21.6x.
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.