Best Value Hardware, Storage, and Peripherals Inventories to Buy in 2022

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In the digital age, investing in companies that produce hardware has become more common. When it comes to growth industries, technology is an area that investors are watching closely. The popularity of new gadgets can be attributed to the rise of e-commerce and the shift from desktop computers to mobile devices. Since technology is a booming industry, there are plenty of stocks to choose from. We’ve got you covered if you’re looking for investment ideas in this sector. This article will explore some of the best tech hardware, storage, and peripheral stocks you can invest in right now.

Seagate Technology Holdings (STX)

Seagate Technology is a provider of data storage solutions. The Company operates through three segments: Business Units (BU), Technology Solutions and Other. BU includes the company’s main hard drive products, accessories and services. Technology solutions include enterprise, cloud and hybrid cloud and enterprise services, as well as customer systems and services. Other includes the Company’s interest in Western Digital, Seagate’s results from its captive finance business and items not allocated to a segment. Seagate has grown revenue at an annualized rate of 5.5% over the past three years to $23.8 billion in 2021. The company has also grown net income at an annualized rate of 4.0% over the past three years. from the previous three years to reach $5.1 billion in 2021. This strong growth can be attributed to the growing global demand for data storage and the increase in data analytics. Seagate is trading at a trailing P/E of 13.4x, a forward P/E of 12.4x and a price-to-book value of 1.36x. These numbers indicate that Seagate is currently undervalued compared to its peers. Based on our analysis, Seagate is an excellent investment option for long-term investors.

HP Inc. (HPQ)

HP Inc. is a provider of printer and computer products and services. The Company operates through three segments: Personal Systems, Printing and Enterprise. Personal systems include traditional desktops, laptops and premium reseller sales of other branded products. Printing includes laser printers and multifunction printers, as well as supplies and accessories. Enterprise includes printers, commercial inkjet systems and office solutions. HP grew revenue at an annualized rate of 1.8% over the past three years to $57.5 billion in 2021. HP also grew net income at an annualized rate of 5.8% in three years to reach $13.5 billion in 2021. This strong growth can be attributed to its focus on high-growth end markets and services and a strategic shift towards higher value-added products and services . HP is trading at a trailing P/E of 14.1x, a forward P/E of 12.7x and a price-to-book value of 1.6x. These numbers indicate that HP is currently undervalued relative to its peers. Our analysis shows that HP is an excellent investment option for long-term investors.

Stratasys (SSYS)

Stratasys Inc. manufactures 3D printers and production systems for architects, designers, engineers, researchers and designers. The Company operates through three segments: 3D printing, manufacturing and services. The 3D Printing segment includes 3D printers and services. The manufacturing segment includes production systems and materials. The Services segment provides maintenance and support services. Stratasys grew revenue at an annualized rate of 3.2% over the past three years to $1.1 billion in 2021. Stratasys also grew net income at an annualized rate of 6.9% in over the previous three years to reach $230 million in 2021. This strong growth can be attributed to the growing adoption of 3D printing technologies across different industries. Stratasys is currently trading at a trailing P/E of 16.0x, a forward P/E of 11.7x and a price-to-book ratio of 2.16x. These numbers indicate that Stratasys is currently undervalued compared to its peers. Based on our analysis, Stratasys is an excellent investment option for long-term investors.

3D systems (DDD)

3D Systems provides 3D printing, additive technology and related services. The Company operates through two segments: 3D Printing and Applanet. The 3D printing segment includes systems for the production of parts and products. The Applanet function includes systems that produce parts and products by applying materials such as plastics, resins, and ceramics to build objects layer by layer. 3D Systems grew its revenue at an annualized rate of 2.8% over the past three years to reach $1.8 billion in 2021. 3D Systems also grew its net income at an annualized rate of 7.5% in past three years to reach $74 million in 2021. This strong growth can be attributed to the growing adoption of 3D printing technologies across different industries. 3D Systems is currently trading at a trailing P/E of 8.4x, a forward P/E of 10.4x and a price-to-book value of 1.38x. These numbers indicate that 3D Systems is currently undervalued compared to its peers. According to our analysis, 3D Systems is an excellent investment option for long-term investors.

Conclusion

These are some of the best tech hardware, storage, and peripheral stocks you can invest in right now. These options are worth considering if you are looking for investment ideas in this sector. However, our analysis shows that these stocks are undervalued relative to their peers. This article will explore some of the best hardware, storage, and tech peripheral stores you can invest in right now. These stocks are worth checking out if you want investment ideas in this sector. However, our analysis shows that these stocks are undervalued relative to their peers.

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