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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:

Logitech International Sa (NASDAQ:LOGI) is the top computer hardware stock with a Zen Score of 59, which is 26 points higher than the computer hardware industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock lose -27.58% over the past year, underperforming other computer hardware stocks by -9 percentage points.

Logitech International Sa has an average 1 year price target of $55.00, an upside of 3.25% from Logitech International Sa's current stock price of $53.27.

Logitech International Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Logitech International Sa, 50% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 25% have issued a Strong Sell.

Super Micro Computer (NASDAQ:SMCI) is the second best computer hardware stock with a Zen Score of 57, which is 24 points higher than the computer hardware industry average of 33. It passed 19 out of 33 due diligence checks and has strong fundamentals. Super Micro Computer has seen its stock return 129.17% over the past year, overperforming other computer hardware stocks by 148 percentage points.

Super Micro Computer has an average 1 year price target of $98.33, a downside of -0.19% from Super Micro Computer's current stock price of $98.52.

Super Micro Computer stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Super Micro Computer, 0% have issued a Strong Buy rating, 33.33% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Arista Networks (NYSE:ANET) is the third best computer hardware stock with a Zen Score of 53, which is 20 points higher than the computer hardware industry average of 33. It passed 18 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 24.44% over the past year, overperforming other computer hardware stocks by 43 percentage points.

Arista Networks has an average 1 year price target of $163.19, a downside of -0.62% from Arista Networks's current stock price of $164.20.

Arista Networks stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Arista Networks, 52.94% have issued a Strong Buy rating, 23.53% have issued a Buy, 23.53% 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 3.64%, which is 1 percentage points higher than the computer hardware industry average of 2.7%. 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 39.4% indicates that its dividend yield is sustainable for the long-term.

Netapp (NASDAQ:NTAP) has an annual dividend yield of 3.18%, which is the same as the computer hardware industry average of 2.7%. 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 34% indicates that its dividend yield is sustainable for the long-term.

Logitech International Sa (NASDAQ:LOGI) has an annual dividend yield of 1.84%, which is -1 percentage points lower than the computer hardware industry average of 2.7%. 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 37.2% indicates that its dividend yield is sustainable for the long-term.

Computer hardware stocks were up 0.79% in the last day, and up 4.95% over the last week. Dell Technologies was the among the top gainers in the computer hardware industry, gaining 3.57% yesterday.

Dell Technologies shares are trading higher after Goldman Sachs initiated coverage on the stock with a Buy rating.

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

Canaan (NASDAQ:CAN) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Canaan has a valuation score of 86, which is 52 points higher than the computer hardware industry average of 34. It passed 6 out of 7 valuation due diligence checks.

Canaan's stock has dropped -45.88% in the past year. It has underperformed other stocks in the computer hardware industry by -27 percentage points.

Seagate Technology Holdings (NASDAQ:STX) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Seagate Technology Holdings has a valuation score of 71, which is 37 points higher than the computer hardware industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Seagate Technology Holdings's stock has dropped -32.74% in the past year. It has underperformed other stocks in the computer hardware industry by -14 percentage points.

Dell Technologies (NYSE:DELL) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Dell Technologies has a valuation score of 57, which is 23 points higher than the computer hardware industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Dell Technologies's stock has dropped -26.32% in the past year. It has underperformed other stocks in the computer hardware industry by -8 percentage points.