Skip to main content

International Business Machines

(

IBM

) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.6%. By the end of trading, International Business Machines rose $1.05 (0.6%) to $193 on light volume. Throughout the day, 2.7 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in a price between $190.90-$193.70 after having opened the day at $192.14 as compared to the previous trading day's close of $191.95. Other companies within the Computer Hardware industry that increased today were:

Mitek Systems

(

MITK

), up 11.9%,

Universal Display Corporation

(

PANL

), up 9.5%,

SMART Technologies

(

SMT

), up 7.3%, and

TheStreet Recommends

MTS Medication Technologies

(

MTSI

), up 5.7%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $222.46 billion and is part of the

technology

sector. The company has a P/E ratio of 14.4, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 11 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 revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the negative front,

Xata Corporation

(

XATA

), down 9.5%,

Echelon Corporation

(

ELON

), down 5.5%,

Socket Mobile

(

SCKT

), down 3.8%, and

Immersion Corporation

(

IMMR

), down 3.5%, were all losers within the computer hardware industry with

Synaptics

(

SYNA

) being today's computer hardware industry loser.

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

).

null