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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
ANET
ARISTA NETWORKS INC
United States
$55.83B309,580,63067.07%27.58%Net SellingNet Selling
NTAP
NETAPP INC
United States
$15.87B208,791,15591.91%8.09%Net SellingNet Selling
LOGI
LOGITECH INTERNATIONAL SA
United States
$11.20B158,146,98038.64%8.34%Net SellingNet Selling
CRSR
CORSAIR GAMING INC
United States
$1.50B102,781,87012.57%87.43%Net BuyingNet Selling
HPQ
HP INC
United States
$26.46B988,268,77175.86%16.67%Net SellingNet Selling
SMCI
SUPER MICRO COMPUTER INC
United States
$12.47B52,905,94753.57%46.43%Net BuyingNet Selling
AGMH
AGM GROUP HOLDINGS INC
Hong Kong
$44.28M26,354,8420.05%0.00%
CRCT
CRICUT INC
United States
$1.97B219,830,33112.83%23.89%Net SellingNet Selling
NNDM
NANO DIMENSION LTD
Israel
$667.12M258,574,14728.84%0.00%
MKFG
MARKFORGED HOLDING CORP
United States
$264.41M197,321,04752.94%43.82%Net BuyingNet Buying
CAN
CANAAN INC
China
$340.95M2,827,121,7771.03%0.00%
RGTI
RIGETTI COMPUTING INC
United States
$208.79M132,989,74430.30%28.85%Net SellingNet Selling
KTCC
KEY TRONIC CORP
United States
$47.24M10,761,87142.23%8.87%
SSYS
STRATASYS LTD
United States
$832.54M67,085,91859.56%0.00%
DELL
DELL TECHNOLOGIES INC
United States
$50.68B723,426,64325.76%6.29%Net SellingNet Selling
DM
DESKTOP METAL INC
United States
$465.22M323,070,37739.15%60.85%Net SellingNet Selling
STRC
SARCOS TECHNOLOGY & ROBOTICS CORP
United States
$17.54M25,800,00022.59%77.41%Net SellingNet Selling
TACT
TRANSACT TECHNOLOGIES INC
United States
$64.53M9,958,11852.42%46.79%Net Buying
IONQ
IONQ INC
United States
$2.69B202,595,35835.67%64.33%Net Selling
FATH
FATHOM DIGITAL MANUFACTURING CORP
United States
$40.69M135,633,00618.24%81.76%Net Selling
OSS
ONE STOP SYSTEMS INC
United States
$32.87M20,543,02428.23%64.41%Net SellingNet Selling
DDD
3D SYSTEMS CORP
United States
$601.98M133,476,51269.31%13.40%Net SellingNet Selling
PSTG
PURE STORAGE INC
United States
$10.80B311,956,03181.71%10.14%Net SellingNet Selling
RCAT
RED CAT HOLDINGS INC
Puerto Rico
$52.69M55,642,0067.49%38.78%Net SellingNet Selling
INVE
IDENTIV INC
United States
$199.61M23,129,81610.54%89.46%Net Buying
WDC
WESTERN DIGITAL CORP
United States
$14.53B321,895,96182.86%5.85%Net SellingNet Selling
ALOT
ASTRONOVA INC
United States
$92.07M7,424,66015.94%84.06%Net BuyingNet Buying
SGE
STRONG GLOBAL ENTERTAINMENT INC
United States
$14.22M7,143,8230.26%86.00%Net Selling
UAVS
AGEAGLE AERIAL SYSTEMS INC
United States
$21.25M109,512,3755.61%94.39%Net Buying
VLD
VELO3D INC
United States
$277.41M196,747,46343.69%56.31%Net SellingNet Selling
QUBT
QUANTUM COMPUTING INC
United States
$81.73M74,296,3703.81%34.74%Net SellingNet Selling
SCKT
SOCKET MOBILE INC
United States
$8.64M7,323,4425.29%26.75%Net BuyingNet Buying
QMCO
QUANTUM CORP
United States
$63.11M95,040,60845.05%54.95%Net SellingNet Selling
EBON
EBANG INTERNATIONAL HOLDINGS INC
China
$49.31M6,543,9380.84%0.00%
VJET
VOXELJET AG
Germany
$10.41M9,134,7240.29%0.00%
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
Ireland
$13.67B207,393,24211.64%88.36%Net SellingNet Selling
QBTS
D-WAVE QUANTUM INC
Canada
$132.36M145,452,53549.41%24.12%Net Selling

Computer Hardware Stocks FAQ

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

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 57, which is 27 points higher than the computer hardware industry average of 30. It passed 19 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 60.23% over the past year, overperforming other computer hardware stocks by 9 percentage points.

Arista Networks has an average 1 year price target of $204.25, an upside of 13.26% from Arista Networks's current stock price of $180.34.

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, 25% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Netapp (NASDAQ:NTAP)


Netapp (NASDAQ:NTAP) is the second best computer hardware stock with a Zen Score of 53, which is 23 points higher than the computer hardware industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Netapp has seen its stock return 18.36% over the past year, underperforming other computer hardware stocks by -33 percentage points.

Netapp has an average 1 year price target of $79.87, an upside of 5.06% from Netapp's current stock price of $76.02.

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, 20% have issued a Buy, 53.33% have issued a hold, while 6.67% have issued a Sell rating, and 0% 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 52, which is 22 points higher than the computer hardware industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 51.76% over the past year, overperforming other computer hardware stocks by 1 percentage points.

Logitech International Sa has an average 1 year price target of $74.60, an upside of 5.35% from Logitech International Sa's current stock price of $70.81.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Logitech International Sa, 20% have issued a Strong Buy rating, 0% have issued a Buy, 80% 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 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 3.92%, which is 2 percentage points higher than the computer hardware industry average of 2.37%. 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 2.63%, which is the same as the computer hardware industry average of 2.37%. 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 35.7% indicates that its dividend yield is sustainable for the long-term.

3. Dell Technologies (NYSE:DELL)


Dell Technologies (NYSE:DELL) has an annual dividend yield of 1.53%, which is -1 percentage points lower than the computer hardware industry average of 2.37%.

Dell Technologies's dividend payout ratio of 52.8% indicates that its dividend yield is sustainable for the long-term.

Why are computer hardware stocks up?

Computer hardware stocks were up 1.01% in the last day, and down -2.68% over the last week.

We couldn't find a catalyst for why computer hardware stocks are up.

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 -2.33% in the past year. It has underperformed other stocks in the computer hardware industry by -53 percentage points.

2. Hp (NYSE:HPQ)


Hp (NYSE:HPQ) is the second 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 gained 4.12% in the past year. It has underperformed other stocks in the computer hardware industry by -47 percentage points.

3. Key Tronic (NASDAQ:KTCC)


Key Tronic (NASDAQ:KTCC) is the third 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 -2.66% in the past year. It has underperformed other stocks in the computer hardware industry by -54 percentage points.

Are computer hardware stocks a good buy now?

46.15% of computer hardware stocks rated by analysts are a buy right now. On average, analysts expect computer hardware stocks to rise by 19.02% 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 19.16x.
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