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

The technology sector is one of the few industries where now is a good time to invest. In recent years, an increasingly digital world has created demand for new hardware and software solutions, driving returns on investment (ROI) on technology-related stocks. Tech companies are also among the best placed to grow further in response to new digital trends. Companies that produce hardware or software solutions will almost certainly see their stock prices rise as computing continues its rapid pace of innovation – and there are plenty of great tech stocks to buy right now to take advantage of this trend. .

Seagate Technology Holdings (STX)

Seagate Technology is the world’s largest provider of data storage solutions. The Company operates in two main segments: Data and Imaging and Enterprise. The Data and Imaging segment produces hard disk drives (HDDs) for data storage and magnetic resonance imaging (MRI) systems. The Enterprise segment is a supplier of enterprise-class solid-state hybrid drives (SSHDs) and hard drives for enterprise data centers. The company also produces cloud-based data protection solutions. Seagate is currently transitioning its business model to emphasize the cloud-based storage business. The company is also working to develop its nonvolatile memory (NVM) solutions to compete in the emerging solid-state drive (SSD) market. Seagate trades at a forward price-to-earnings ratio of 10.7 and has a dividend yield of 2.46%. The stock is expected to rise 6% over the next year.

Western Digital (WDC)

Western Digital is the world’s second largest producer of data storage hard drives. The company offers a wide range of flash, hybrid and other data storage solutions to enterprise customers in various industries. Western Digital is also an innovator in emerging nonvolatile memory (NVM) technologies, such as 3D Xpoint memory. The company trades at a forward P/E ratio of 10.4 and has a dividend yield of 1.72%. Western Digital is expected to increase earnings by 6% over the next year.

Corsair Gaming (CRSR)

Corsair is one of the world’s leading manufacturers of PC gaming hardware. The company manufactures a wide range of keyboards, mice, headsets and other gaming accessories. Corsair also sells custom PC systems under the Corsair One and Corsair Builder brands. The company trades at a forward P/E ratio of 21.4 and a dividend yield of N/A. Corsair’s stock is expected to increase earnings by at least 15% over the next year.

Xerox Holdings (XRX)

Xerox manufactures a wide range of office equipment and services, including digital copiers, printers and scanners, and other digital imaging solutions. The company also offers IT outsourcing and consulting services. Xerox trades at a forward P/E ratio of 12.4 and has a dividend yield of 2.16%. The stock is expected to increase earnings by 10% over the next year. These companies and many others in the technology sector are poised to deliver strong returns over the next few years thanks to their focus on hardware and software solutions. Investors can also follow leading tech analysts who provide insight into emerging companies and technologies in the industry to stay on top of potential trends in the tech industry.

Conclusion

The tech sector is one of the few industries where it’s a good time to invest right now. In recent years, an increasingly digital world has created demand for new hardware and software solutions, driving returns on investment (ROI) on technology-related stocks. Tech companies are also among the best placed to grow further in response to new digital trends. Investors can watch top technology analysts to stay informed about emerging companies and technologies in the industry to stay on top of technology trends.

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