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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
ANET
ARISTA NETWORKS INC
$102.94BN/A0.00%N/AN/AN/AN/A
SMCI
SUPER MICRO COMPUTER INC
$49.45BN/A0.00%N/AN/AN/AN/A
LOGI
LOGITECH INTERNATIONAL SA
$15.16B1.18%30.00%$1.1692$1.1723%0
PSTG
PURE STORAGE INC
$22.01BN/A0.00%N/AN/AN/AN/A
NTAP
NETAPP INC
$25.97B1.59%42.20%$0.5000$2.0033%02024-07-052024-07-24
IONQ
IONQ INC
$1.63BN/A0.00%N/AN/AN/AN/A
YIBO
PLANET IMAGE INTERNATIONAL LTD
$114.23MN/A0.00%N/AN/AN/AN/A
CRCT
CRICUT INC
$1.45BN/A344.80%N/AN/AN/AN/A
AGMH
AGM GROUP HOLDINGS INC
$23.32MN/A0.00%N/AN/AN/AN/A
HPQ
HP INC
$34.75B3.07%35.90%$0.2756$1.0957%12024-09-112024-07-03
RGTI
RIGETTI COMPUTING INC
$169.51MN/A0.00%N/AN/AN/AN/A
NNDM
NANO DIMENSION LTD
$551.16MN/A0.00%N/AN/AN/AN/A
ALOT
ASTRONOVA INC
$124.42MN/A0.00%$0.0700N/AN/A0
DELL
DELL TECHNOLOGIES INC
$95.74B0.27%22.10%$0.3700$0.373%0
EBON
EBANG INTERNATIONAL HOLDINGS INC
$46.46MN/A0.00%N/AN/AN/AN/A
DM
DESKTOP METAL INC
$126.87MN/A0.00%N/AN/AN/AN/A
QUBT
QUANTUM COMPUTING INC
$58.65MN/A0.00%N/AN/AN/AN/A
SSYS
STRATASYS LTD
$593.10MN/A0.00%N/AN/AN/AN/A
RCAT
RED CAT HOLDINGS INC
$77.25MN/A0.00%N/AN/AN/AN/A
SCKT
SOCKET MOBILE INC
$8.72MN/A0.00%N/AN/AN/AN/A
CRSR
CORSAIR GAMING INC
$1.13BN/A0.00%N/AN/AN/AN/A
MKFG
MARKFORGED HOLDING CORP
$93.03MN/A0.00%N/AN/AN/AN/A
OSS
ONE STOP SYSTEMS INC
$51.66MN/A0.00%N/AN/AN/AN/A
DDD
3D SYSTEMS CORP
$468.35MN/A0.00%N/AN/AN/AN/A
TACT
TRANSACT TECHNOLOGIES INC
$35.78MN/A0.00%$0.0900N/AN/A0
WDC
WESTERN DIGITAL CORP
$25.51BN/A0.00%$0.5000N/AN/A0
QBTS
D-WAVE QUANTUM INC
$195.25MN/A0.00%N/AN/AN/AN/A
VLD
VELO3D INC
$28.43MN/A0.00%N/AN/AN/AN/A
SGE
STRONG GLOBAL ENTERTAINMENT INC
$12.17MN/A0.00%N/AN/AN/AN/A
INVE
IDENTIV INC
$97.27MN/A0.00%N/AN/AN/AN/A
QMCO
QUANTUM CORP
$55.98MN/A0.00%N/AN/AN/AN/A
KTCC
KEY TRONIC CORP
$44.66MN/A0.00%N/AN/AN/AN/A
CAN
CANAAN INC
$303.92MN/A0.00%N/AN/AN/AN/A
UAVS
AGEAGLE AERIAL SYSTEMS INC
$7.42MN/A0.00%N/AN/AN/AN/A
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
$21.81B0.67%-161.50%$0.7000$0.7012%02024-06-202024-07-05

Computer Hardware Stocks FAQ

What are the best computer hardware stocks to buy right now in Jun 2024?

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

1. Arista Networks (NYSE:ANET)


Arista Networks (NYSE:ANET) is the top computer hardware stock with a Zen Score of 62, which is 34 points higher than the computer hardware industry average of 28. It passed 21 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 94.29% over the past year, overperforming other computer hardware stocks by 3 percentage points.

Arista Networks has an average 1 year price target of $314.13, a downside of -4.38% from Arista Networks's current stock price of $328.50.

Arista Networks stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Arista Networks, 62.5% have issued a Strong Buy rating, 18.75% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 6.25% have issued a Strong Sell.

2. Super Micro Computer (NASDAQ:SMCI)


Super Micro Computer (NASDAQ:SMCI) is the second best computer hardware stock with a Zen Score of 60, which is 32 points higher than the computer hardware industry average of 28. It passed 21 out of 33 due diligence checks and has strong fundamentals. Super Micro Computer has seen its stock return 240.86% over the past year, overperforming other computer hardware stocks by 150 percentage points.

Super Micro Computer has an average 1 year price target of $1,052.82, an upside of 24.66% from Super Micro Computer's current stock price of $844.54.

Super Micro Computer stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Super Micro Computer, 54.55% have issued a Strong Buy rating, 9.09% have issued a Buy, 27.27% have issued a hold, while 0% have issued a Sell rating, and 9.09% have issued a Strong Sell.

3. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the third best computer hardware stock with a Zen Score of 58, which is 30 points higher than the computer hardware industry average of 28. It passed 21 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 73.86% over the past year, underperforming other computer hardware stocks by -17 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, a downside of -5% from Logitech International Sa's current stock price of $98.77.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 16.67% 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 3.07%, which is 2 percentage points higher than the computer hardware industry average of 1.36%. 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 35.9% indicates that its dividend yield is sustainable for the long-term.

2. Netapp (NASDAQ:NTAP)


Netapp (NASDAQ:NTAP) has an annual dividend yield of 1.59%, which is the same as the computer hardware industry average of 1.36%. 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 42.2% 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 1.18%, which is the same as the computer hardware industry average of 1.36%. 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 30% indicates that its dividend yield is sustainable for the long-term.

Why are computer hardware stocks down?

Computer hardware stocks were down -2.08% in the last day, and up 6.79% over the last week. Super Micro Computer was the among the top losers in the computer hardware industry, dropping -3.05% yesterday.

Super Micro Computer shares are trading lower. The stock may be pulling back following recent strength.

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 52 points higher than the computer hardware industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Logitech International Sa's stock has gained 73.86% in the past year. It has underperformed other stocks in the computer hardware industry by -17 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 43, which is 24 points higher than the computer hardware industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Cricut's stock has dropped -57.15% in the past year. It has underperformed other stocks in the computer hardware industry by -148 percentage points.

3. Astronova (NASDAQ:ALOT)


Astronova (NASDAQ:ALOT) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Astronova has a valuation score of 43, which is 24 points higher than the computer hardware industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Astronova's stock has gained 9.67% in the past year. It has underperformed other stocks in the computer hardware industry by -82 percentage points.

Are computer hardware stocks a good buy now?

52.17% of computer hardware stocks rated by analysts are a strong buy right now. On average, analysts expect computer hardware stocks to rise by 14.18% 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 33.74x.
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.