Seagate Technology

(

STX

) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.5%. By the end of trading, Seagate Technology rose 59 cents (3.7%) to $16.58 on average volume. Throughout the day, 11.8 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 10.1 million shares. The stock ranged in a price between $16.45-$17.20 after having opened the day at $17.06 as compared to the previous trading day's close of $15.99. Other companies within the Computer Hardware industry that increased today were:

Hutchinson Technology

(

HTCH

), up 15.7%,

OCZ Technology Group Inc

(

OCZ

), up 13.9%,

Lantronix Inc

(

LTRX

), up 4%, and

Western Digital Corporation

(

WDC

), up 3.6%.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $6.37 billion and is part of the

technology

sector. The company has a P/E ratio of 13.8, 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 6.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates Seagate Technology as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.

On the negative front,

Mitek Systems Inc

(

MITK

), down 7.2%,

Echelon Corporation

(

ELON

), down 6.9%,

Identive Group Inc

(

INVE

), down 5.8%, and

Xata Corporation

(

XATA

), down 5.7%, were all losers within the computer hardware industry with

EMC Corporation

(

EMC

) 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