WallStreetZenWallStreetZen

Sectors & IndustriesTechnologyComputer Hardware
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)
LOGI
LOGITECH INTERNATIONAL SA
United States
$8.61B160,304,01035.16%8.14%Net SellingNet Selling
SMCI
SUPER MICRO COMPUTER INC
United States
$5.81B53,637,15856.34%43.66%Net SellingNet Buying
ANET
ARISTA NETWORKS INC
United States
$51.50B306,395,38469.03%27.90%Net SellingNet Selling
NTAP
NETAPP INC
United States
$13.73B213,904,71190.25%7.77%Net SellingNet Selling
CRCT
CRICUT INC
United States
$2.25B219,422,02710.14%23.43%Net Buying
CAN
CANAAN INC
China
$559.87M2,804,138,4920.84%0.00%
STRC
SARCOS TECHNOLOGY & ROBOTICS CORP
United States
$61.57M154,300,00018.01%55.57%Net SellingNet Selling
MKFG
MARKFORGED HOLDING CORP
United States
$176.06M195,622,83555.35%27.02%Net BuyingNet Selling
RGTI
RIGETTI COMPUTING INC
United States
$71.85M123,030,05438.01%30.16%Net SellingNet Buying
NNDM
NANO DIMENSION LTD
Israel
$661.74M260,528,57124.83%0.00%
HPQ
HP INC
United States
$28.18B985,115,51978.86%16.63%Net BuyingNet Selling
PSTG
PURE STORAGE INC
United States
$7.59B302,585,63388.48%11.18%Net SellingNet Selling
SSYS
STRATASYS LTD
United States
$978.78M67,085,91858.35%0.00%
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
Ireland
$12.82B206,483,86411.71%88.29%Net SellingNet Selling
TIO
TINGO GROUP INC
United States
$112.07M129,566,2077.72%44.69%
OSS
ONE STOP SYSTEMS INC
United States
$50.68M20,032,44927.81%65.76%Net SellingNet Selling
KTCC
KEY TRONIC CORP
United States
$68.66M10,761,87142.40%8.87%
CRSR
CORSAIR GAMING INC
United States
$1.71B101,488,41911.70%88.30%Net BuyingNet Selling
IONQ
IONQ INC
United States
$973.80M199,958,80936.87%63.13%Net Selling
INVE
IDENTIV INC
United States
$143.76M22,674,36211.33%88.67%Net BuyingNet Buying
EBON
EBANG INTERNATIONAL HOLDINGS INC
China
$42.03M6,245,8151.75%0.00%
DELL
DELL TECHNOLOGIES INC
United States
$28.04B716,128,29626.55%6.43%Net SellingNet Selling
DM
DESKTOP METAL INC
United States
$704.58M318,813,78136.83%63.17%Net SellingNet Selling
SCKT
SOCKET MOBILE INC
United States
$14.06M7,175,0256.16%26.03%Net BuyingNet Buying
TACT
TRANSACT TECHNOLOGIES INC
United States
$63.63M9,911,53364.02%35.98%Net BuyingNet Buying
VJET
VOXELJET AG
Germany
$15.28M7,026,7112.22%0.00%
VLD
VELO3D INC
United States
$442.51M192,393,99943.23%56.77%Net BuyingNet Selling
DDD
3D SYSTEMS CORP
United States
$1.35B131,155,20068.56%12.94%Net SellingNet Selling
QMCO
QUANTUM CORP
United States
$104.37M105,214,63947.67%52.33%Net Selling
WDC
WESTERN DIGITAL CORP
United States
$11.33B319,322,33586.26%5.84%Net SellingNet Selling
ALOT
ASTRONOVA INC
United States
$91.72M7,349,50715.61%84.39%Net Buying
FATH
FATHOM DIGITAL MANUFACTURING CORP
United States
$88.19M135,682,80419.74%80.26%Net SellingNet Selling
DAKT
DAKTRONICS INC
United States
$240.51M45,465,72840.22%19.01%Net Buying
QUBT
QUANTUM COMPUTING INC
United States
$71.96M53,301,8053.85%45.13%

Computer Hardware Stocks FAQ

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

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

1. Logitech International Sa (NASDAQ:LOGI)


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 -27.01% over the past year, underperforming other computer hardware stocks by -11 percentage points.

Logitech International Sa has an average 1 year price target of $55.00, an upside of 2.44% from Logitech International Sa's current stock price of $53.69.

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.

2. Super Micro Computer (NASDAQ:SMCI)


Super Micro Computer (NASDAQ:SMCI) is the second best computer hardware stock with a Zen Score of 54, which is 21 points higher than the computer hardware industry average of 33. It passed 18 out of 33 due diligence checks and has strong fundamentals. Super Micro Computer has seen its stock return 151.8% over the past year, overperforming other computer hardware stocks by 168 percentage points.

Super Micro Computer has an average 1 year price target of $98.33, a downside of -9.16% from Super Micro Computer's current stock price of $108.25.

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.

3. Arista Networks (NYSE:ANET)


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 27.38% 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 -2.91% from Arista Networks's current stock price of $168.08.

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.

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 1 percentage points higher than the computer hardware industry average of 2.66%. 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.

2. Netapp (NASDAQ:NTAP)


Netapp (NASDAQ:NTAP) has an annual dividend yield of 3.12%, which is the same as the computer hardware industry average of 2.66%. 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.

3. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) has an annual dividend yield of 1.83%, which is -1 percentage points lower than the computer hardware industry average of 2.66%. 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.

Why are computer hardware stocks up?

Computer hardware stocks were up 2.97% in the last day, and up 5.91% over the last week. Rigetti Computing was the among the top gainers in the computer hardware industry, gaining 13.62% yesterday.

Shares of several tech companies are trading higher amid overall market strength as stocks continue to rebound from recent weakness in the financial sector, which could impact future Fed monetary policy changes.

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. Canaan (NASDAQ:CAN)


Canaan (NASDAQ:CAN) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Canaan has a valuation score of 71, which is 38 points higher than the computer hardware industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Canaan's stock has dropped -44.19% in the past year. It has underperformed other stocks in the computer hardware industry by -28 percentage points.

2. Seagate Technology Holdings (NASDAQ:STX)


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 38 points higher than the computer hardware industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Seagate Technology Holdings's stock has dropped -32.7% in the past year. It has underperformed other stocks in the computer hardware industry by -17 percentage points.

3. Dell Technologies (NYSE:DELL)


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 24 points higher than the computer hardware industry average of 33. It passed 4 out of 7 valuation due diligence checks.

Dell Technologies's stock has dropped -25.17% in the past year. It has underperformed other stocks in the computer hardware industry by -9 percentage points.

Are computer hardware stocks a good buy now?

46.43% of computer hardware stocks rated by analysts are a buy right now. On average, analysts expect computer hardware stocks to rise by 13.73% 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 28.06x.
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.