Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

International Business Machines

(

IBM

) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole was unchanged today. By the end of trading, International Business Machines fell $2.83 (-1.5%) to $181.30 on heavy volume. Throughout the day, 7,606,141 shares of International Business Machines exchanged hands as compared to its average daily volume of 4,614,800 shares. The stock ranged in price between $179.92-$184.99 after having opened the day at $183.50 as compared to the previous trading day's close of $184.13. Other companies within the Computer Hardware industry that declined today were:

Violin Memory

(

VMEM

), down 48.2%,

Universal Display Corporation

(

OLED

), down 7.7%,

SMART Technologies

(

SMT

), down 4.6% and

Silver Spring Networks

(

SSNI

), down 3.7%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $201.1 billion and is part of the technology sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are down 3.9% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates

International Business Machines

as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front,

Performance Technologies

(

PTIX

), up 23.6%,

Crossroads Systems

(

CRDS

), up 7.5%,

Overland Storage

(

OVRL

), up 6.8% and

Aruba Networks

(

ARUN

), up 6.2% , were all gainers within the computer hardware industry with

3D Systems Corporation

(

DDD

) being today's featured computer hardware industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider

iShares Dow Jones US Technology

(

IYW

) while those bearish on the computer hardware industry could consider

ProShares Ultra Short Semiconductor

(

SSG

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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